ProShares Ultra Bloomberg Crude Oil drawdown: 99.0% below the all-time high (price)
ProShares Ultra Bloomberg Crude Oil is 99.0% below its all-time high, set Nov 26, 2008 (as of market close, Oct 27, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −99.0%
- 1.0% of ATH
- All-time high
- $6,225
- Nov 26, 2008
- Time below the high
- 17.9 yrs
- since Nov 26, 2008
- Worst-ever drawdown
- −100.0%
- Apr 28, 2020
- Longest underwater
- 17.9 yrs
- between all-time highs
- Today's level first reached
- Nov 25, 2008
- 17.9 yrs ago
- Last time this deep
- never before
- no prior −99.0% episode
% of all-time high since 2008: price#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 26, 2008 | Apr 28, 2020 | −100.0% | 11.4 yrs | not yet | 17.9 yrs+ |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2008: how far ProShares Ultra Bloomberg Crude Oil stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is ProShares Ultra Bloomberg Crude Oil from its all-time high?
- ProShares Ultra Bloomberg Crude Oil is currently 99.0% below its all-time high, set Nov 26, 2008 (as of market close, Oct 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ProShares Ultra Bloomberg Crude Oil drawdown ever?
- The deepest decline on record in our data (since 2008) took ProShares Ultra Bloomberg Crude Oil 100.0% below its prior high, bottoming Apr 28, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from UCO; no free deep history exists for ProShares Ultra Bloomberg Crude Oil — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.