UltraShort Bloomberg Crude Oil - SCO UltraShort Bloomberg Crude Oil

ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg WTI Crude Oil SubindexSM.

Important Information
Recent global developments affecting crude oil markets and crude oil futures contracts have dramatically increased volatility and even resulted in a negative price for the May 2020 WTI crude oil futures contract. As a result, investors in the oil funds may be subject to significant volatility and unexpected losses. In response to these conditions, each oil fund has modified certain of its investment strategies and the performance of each oil fund may differ from 2x or -2x, as applicable, of the daily performance of its benchmark. Investors should read the Funds’ latest prospectus and Form 8-K filings to better understand each fund’s objectives, strategies and risks.

  • The fund’s benchmark is an index of crude oil futures contracts
  • It is not intended to track the performance of the spot price of WTI crude oil
  • It should be expected to perform very differently from the spot price of WTI crude oil

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

  • Learn more about considerations for geared investing.

For Important Information About the Fund
— please see the recently filed 8Ks. 06/25/202005/04/202004/27/202004/24/202004/22/2020

Month-End Total Returns as of 5/31/20

  1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr Inception Inception Date Exp. Ratio Net Exp.1
NAV -50.78% 5.54% 51.05% 87.50% 11.49% -16.93% -3.80% -5.09% -8.36% 11/24/08 0.95% 2 --
Market Price -49.91% 9.64% 56.20% 91.94% 12.71% -16.49% -3.51% -4.86% -8.21% 11/24/08 0.95% 2 --

Quarter-End Total Returns as of 3/31/20

  1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr Inception Inception Date Exp. Ratio Net Exp.1
NAV 126.55% 302.47% 199.29% 302.47% 190.54% 10.16% 2.50% 4.95% -2.11% 11/24/08 0.95% 2 --
Market Price 135.03% 311.44% 207.82% 311.44% 196.15% 10.98% 2.79% 5.00% -1.95% 11/24/08 0.95% 2 --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see Performance.

SCO Performance Chart

SCO Performance Chart

Chart data from Thomson Reuters. Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded. Data is delayed at least 15 minutes.

Since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

1 The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please view the Overview tab above.

2 Expense ratio does not include brokerage commissions and related fees paid by the fund.