UCO Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
UCO's approximate 0% yield (as of mid-2026) makes it a growth-first, low-yield fund. It tracks Bloomberg Commodity Balanced WTI Crude Oil Index (2x daily) and passes through the dividends of its holdings, typically quarterly, minus a ~0.95% expense ratio. If income is your goal, look to dedicated dividend funds for more; UCO is built for total return, not yield. If total return is the goal, the yield matters less than cost and what it holds. Yield is a recent snapshot, not a promise; verify the current figure with ProShares.
How does the UCO dividend work?
UCO holds the companies in Bloomberg Commodity Balanced WTI Crude Oil Index (2x daily), collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its ~0.95% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
UCO is a leveraged ETF that seeks daily results, before fees, of 2x (200%) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index, which holds WTI futures spread across multiple maturities. Its net expense ratio is about 0.95%. Because leverage resets each day, holding UCO for more than a day compounds returns in ways that differ from twice the oil price move, and contango in the futures curve adds a further drag.
How does UCO's dividend yield compare?
- Approximate yield: 0% (mid-2026).
- What drives it: the payout of the underlying Bloomberg Commodity Balanced WTI Crude Oil Index (2x daily) holdings.
- Fee drag: the ~0.95% expense ratio is deducted before you receive distributions.
- For more income: dedicated dividend or income ETFs target higher yield, with their own trade-offs.
If income is your goal, compare UCO against dividend-focused funds. See the best dividend ETFs roundup, or analyze how UCO's income fits your real portfolio in Walnut.
The bottom line on the UCO dividend
The bottom line: at an approximate 0% yield, UCO is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; UCO is the wrong tool for yield and the right one for total-return Bloomberg Commodity Balanced WTI Crude Oil Index (2x daily) exposure. If total return is the goal, the yield matters less than cost and what it holds. Treat the figure as a moving snapshot, not a fixed rate, and verify the current yield with ProShares.
Build a portfolio around UCO with Walnut
Use UCO as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
What is UCO's dividend yield?
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Approximately 0% as of mid-2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on ProShares's fund page.
How often does UCO pay a dividend?
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Most US equity ETFs like UCO distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with ProShares.
Where does UCO's dividend come from?
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UCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (2x daily) and holds names such as CL, USD. The fund collects the dividends those companies pay and passes them to you, minus the ~0.95% expense ratio.
Can I reinvest UCO dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so UCO distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is UCO a good choice for dividend income?
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Walnut is informational, not investment advice. UCO yields roughly 0%, which is modest. Dedicated dividend ETFs target higher yield; broad-market funds prioritize total return over yield. Match the choice to whether you want income now or growth.
Are UCO dividends qualified?
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Many dividends from a US large-cap equity ETF like UCO are qualified (taxed at lower long-term rates) if holding-period rules are met, but some portion can be ordinary. Tax treatment depends on your situation; confirm with a tax professional and ProShares's tax documents.
Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to mid-2026, and change; verify current figures with ProShares or your broker.