SCO 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

SCO

ProShares UltraShort Bloomberg Crude Oil -2x Shares

7월 28일 9:55 AM ET (한국 7/28 22:55)

$28.05

+2.47 ▲ +9.66%

SCO ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.95%

Annual operating cost

Net Assets (AUM)

$683M

약 9358억원

Holdings

6 items

Dividend Yield

Management Style

Passive

Category ⓘ	Commodities & Metals - Leveraged / Inverse	Asset Type ⓘ	Commodities & Metals	Return% 1Y ⓘ	-62.09%	Total Holdings ⓘ	6	Perf Week ⓘ	3.24%
ETF Type ⓘ	Global Commodities & Metals	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	-34.44%	AUM ⓘ	$683M	Perf Month ⓘ	-16.96%
Expense ⓘ	0.95%	NAV ⓘ	$25.67	Return% 5Y ⓘ	-41.36%	52W High ⓘ	-66.66%	Perf Quarter ⓘ	-4.46%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-39%	52W Low ⓘ	22.81%	Perf Half Y ⓘ	-59.42%
Flows% 1M ⓘ	-16.2%	Flows% YTD ⓘ	-	Return% SI ⓘ	-26.32%	Volatility(W/M) ⓘ	2.78% 3.94%	Perf YTD ⓘ	-64.24%
SMA20 ⓘ	-8.01%	SMA50 ⓘ	-2.94%	SMA200 ⓘ	-45.06%	RSI (14) ⓘ	45.33	Beta ⓘ	-0.35
IPO ⓘ	2008/11/25	Prev Close ⓘ	$25.58	Perf Year ⓘ	-59.09%	Avg Volume ⓘ	10.05M	Price ⓘ	$28.05

📊 ProShares UltraShort Bloomberg Crude Oil -2x Shares (SCO) Investment Analysis

ETF Overview

ProShares UltraShort Bloomberg Crude Oil -2x Shares · Commodities & Metals - Leveraged / Inverse

인버스형 — 지수 하락에 베팅 (단기 헤지용 · 고위험)

2008년 상장, 18년 운영 중.

ProShares UltraShort Bloomberg Crude Oil은 수수료 및 비용 차감 전 기준으로 Bloomberg Commodity Balanced WTI Crude Oil 지수 일간 성과의 인버스 2배(-2x)에 해당하는 일간 투자 성과를 목표로 합니다. 서부 텍사스산 원유(WTI) 가격의 하락으로부터 2배 수익을 얻고자 하는 파생 상품 조합에 투자하며, 실물 원유에는 직접 투자하지 않는 비분산형(Non-diversified) 펀드입니다.

📘 SCO ETF 자세히 알아보기 →

commodityfuturesoilleverage

규모: $683M 약 9358억원
운용사: ProShares
운용 방식: 패시브 (지수 추종)
상장일: 2008년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Low-cost ETF — 0.95% annually

상위 25% within Commodities & Metals - Leveraged / Inverse. For a ₩100M investment, roughly ₩950,000/year.

Effective Annual Expense Ratio (Net Expense Ratio)

상위 25%

0.95%

My positionTop 25%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$950K

Same as category average

Category Median Annual Cost

$950K

Based on expense ratio of 0.95%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$16.8M

17.4% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

DGP

DB Gold Double Long ETN

0.75%

-0.20%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Lower-tier returns in its category

Long-term returns trail the category average by a wide margin.-79.9%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

↩️ Inverse ETF — for short-term hedging only

These products bet on declines in the underlying index. By construction, "if the index rises, the ETF falls," so it is not unusual to see a negative annualized return (−). The daily reset mechanism causes significant compounding decay over longer holding periods. Long-term holding is not recommended outside of hedging or short-term trading purposes.

If you had invested 10 year(s) ago

$100.0M

Today's value

$713K

→

Total loss

$-99,286,657

Annualized -39.0%

1 Year

2025.07 ~ 2026.07

Annualized -62.09%

하위 25%

Trailed the benchmark by 79.9%p annually

My positionBottom 25%

Low range Average High range

3 Years

2023.07 ~ 2026.07

Annualized -34.44% Cumulative -71.8%

하위 5%

Trailed the benchmark by 53.4%p annually

My positionBottom 5%

Low range Average High range

5 Years

2021.07 ~ 2026.07

Annualized -41.36% Cumulative -93.1%

하위 5%

Trailed the benchmark by 54.2%p annually

My positionBottom 5%

Low range Average High range

10Y

2016.07 ~ 2026.07

Annualized -39.00% Cumulative -99.3%

하위 5%

Trailed the benchmark by 53.9%p annually

My positionBottom 5%

Low range Average High range

10Y Cumulative Total Return Curve

2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

SCO · Price Only SCO · Price + Cumulative Dividends SCO · Dividend Reinvested S&P 500 (SPY)

150

300

450

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

SCO S&P 500 (SPY)

+80%

−80%

-26%

2017

+20%

2018

-57%

2019

-4%

2020

-74%

2021

-62%

2022

-18%

2023

-21%

2024

+19%

2025

-64%

2026 YTD

💡 Inverse ETFs are the mirror image — positive returns in years the benchmark falls, losses in years it rises.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

2 / 9Y

Lags behind benchmark (22%)

+ 2026 YTD: Behind (-64.3% vs 8.5%)

2017 ✗

2018 ✓

2019 ✗

2020 ✗

2021 ✗

2022 ✗

2023 ✗

2024 ✗

2025 ✓

2026 ✗ YTD

💡 Inverses only win in down years — not suitable as a long-term win-rate metric.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ 64%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

💡 Inverses rise when the benchmark falls and fall when it rises — the usual interpretation of this metric is reversed.

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

High Risk

These products move opposite to the market. The longer you hold them, the more losses accumulate over time, making them suitable only for short-term hedging.

↩️ Inverse ETFs — Negative Beta is normal

Because they move opposite to the index, a negative Beta or one near −1 is expected. Volatility is similar to the underlying index. These are intended for short-term hedging and are unsuitable for long-term holding.

Beta (market sensitivity)

상위 25%

-0.35

If the market rises +10% -3.5%

If the market falls -10% +3.5%

My positionTop 25%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

평균권

±3.94%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-99.7%

Drawdown duration: 126 months

2016-01-20 → 2026-05-19

Still recovering

2015-07-31 Worst -100% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

-0.52

Poor — Underperforms the risk-free rate

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-25.1%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.

⚠️ Short-term hedge that moves opposite to the market. Time decay causes losses to accumulate on long holds.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

부적합

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

부적합

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

매우 적합

🧩

포트폴리오 보조

자산 배분·헤지 용도

매우 낮음

👤

이런 분에게 어울려요

For short-term hedging and downside bets

✅ 강점

💸Low cost — 0.95% annually

⚠️ 약점·주의사항

📈Long-term returns are well below peers
🎯Trails benchmark by -54.2%p annually
🔄Inverse — time decay losses accumulate the longer you hold

Category Peers

Category: Commodities & Metals - Leveraged / Inverse

같은 카테고리 6종 중 AUM 1/6위 · 보수율 2/6위

카테고리: Commodities & Metals - Leveraged / Inverse

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 SCO보다 유리, ▼ 표시는 SCO보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
SCO	ProShares UltraShort Bloomberg Crude Oil -2x Shares	0.95%	$683M	6	-	-64.24%	-59.09%
GLL	ProShares UltraShort Gold -2x Shares	0.95%	$126M ▼	7	-	-	-40.71% ▲
KOLD	ProShares UltraShort Bloomberg Natural Gas -2x Shares	0.95%	$109M ▼	4	-	-	-2.96% ▲
ZSL	ProShares UltraShort Silver -2x Shares	0.95%	$67M ▼	7	-	-	-86.61% ▼
DULL	MicroSectors Gold -3X Inverse Leveraged ETNs	0.95%	$20M ▼	-	-	-	-63.17% ▼
DGZ	DB Gold Short ETN	0.75% ▲	$2M ▼	-	-	-	-14.20% ▲

AUM 내림차순 정렬 · ▲ SCO보다 유리 · ▼ SCO보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

20 ETFs tracking the same theme as SCO using leveraged or covered call strategies (Leverage 8 · Inverse 5 · Covered Call 7)

Not direct derivatives of SCO, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with SCO, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)