UCOvsUGLETF Comparison
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ProShares Ultra Bloomberg Crude Oil ETF (UCO) and ProShares Ultra GOLD ETF (UGL) belong to the same industry segment: Leveraged Commodity. UCO is more expensive with a Total Expense Ratio (TER) of 1.47%, versus 1.19% for UGL. UCO is up 240.91% year-to-date (YTD) with -$508M in YTD flows. UGL performs worse with -25.08% YTD performance, and -$156M in YTD flows. Run a side-by-side ETF comparison of UCO and UGL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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UCO vs UGL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UCO UGL | +26.19%-13.93% | +47.32%-5.28% | +240.91%-25.08% | +204.81%-19.45% | +93.73%+179.94% | +163.31%+185.25% |
| Flows | UCO UGL | -$52M-$36M | -$147M+$66M | -$508M-$156M | -$569M-$189M | -$646M+$96M | -$1.86B+$49M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UCO UGL | +52.90%+41.28% | +64.36%+55.70% | +55.66%+42.92% | +62.67%+38.08% |
| Max drawdown | UCO UGL | -20.49%-27.37% | -38.76%-49.81% | -48.72%-49.81% | -66.84%-49.81% |
| Max drawdown duration | UCO UGL | 27d60d | 114d267d | 698d267d | 1582d267d |
Trading data
UCO | UGL | |
Last sale 10/26/2026 at 1:30 PM | $65.40 | $42.28 |
| Previous close 10/23/2026 | $66.11 | $41.98 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 26, 2026
1-year trailing difference
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UCO | UGL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
UCO | UGL | |
|---|---|---|
| Last price | $65.40 | $42.28 |
| 1D performance | -1.07% | +0.71% |
| AuM | $483.19 M | $668.02 M |
| E/R | 1.47% | 1.19% |
Characteristics
UCO | UGL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | ProShares | ProShares |
| Benchmark | Bloomberg Commodity Balanced WTI Crude Oil Index | Bloomberg Gold Subindex |
| N° of holdings | - | - |
| Asset class | Commodities | Commodities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 24, 2008 | December 1, 2008 |
| ESG | No | No |
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Exposure
Exposure data will be available soon
Frequently asked questions about UCO and UGL
How have the UCO and UGL ETFs performed in 2026?
As of October 23, 2026, UCO is up 240.91% year-to-date (YTD), while UGL has lost -25.08%. That puts UCO better performer ahead so far this year.
Which ETF is attracting more investor money: UCO or UGL?
Year-to-date, the UCO ETF saw -$508M in flows, compared to -$156M for UGL.
Which ETF is more volatile: UCO or UGL?
Over the past year, UCO had a volatility of 64.36%, while UGL experienced 55.7%.
Which ETF is bigger: UCO or UGL?
As of October 23, 2026, UCO holds $483.19 M in assets under management (AUM), while UGL manages $668.02 M.
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Latest news about UCO & UGL
Can Gold Miner ETFs Be a Better Alternative to Leveraged Gold ETFs?
August 7, 2026
UGL
Betting on Gold Prices: Gold Miner ETFs or Leveraged Gold ETFs?
March 20, 2025
UGL
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