ADME vs. USO
ADME (Aptus Drawdown Managed Equity ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, ADME returned 8.73%/yr vs 2.01%/yr for USO. At a 0.13 correlation, their price movements are largely independent. ADME charges 0.79%/yr vs 0.86%/yr for USO.
Performance
ADME vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, ADME achieves a 7.37% return, which is significantly lower than USO's 60.87% return. Over the past 10 years, ADME has outperformed USO with an annualized return of 8.73%, while USO has yielded a comparatively lower 2.01% annualized return.
ADME
- 1D
- -1.15%
- 1M
- -1.31%
- YTD
- 7.37%
- 6M
- 6.36%
- 1Y
- 17.42%
- 3Y*
- 16.12%
- 5Y*
- 7.44%
- 10Y*
- 8.73%
USO
- 1D
- -1.27%
- 1M
- -21.05%
- YTD
- 60.87%
- 6M
- 58.26%
- 1Y
- 45.61%
- 3Y*
- 21.25%
- 5Y*
- 17.42%
- 10Y*
- 2.01%
ADME vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 7.37% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 17.58% |
USO United States Oil Fund LP | 60.87% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between ADME and USO is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.13 |
The correlation between ADME and USO shifts across timeframes, from -0.27 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ADME vs. USO — Risk / Return Rank
ADME
USO
ADME vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and United States Oil Fund LP (USO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADME | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.68 | +0.66 |
| Martin ratioReturn relative to average drawdown | 9.68 | 4.57 | +5.11 |
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Drawdowns
ADME vs. USO - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for ADME and USO.
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Drawdown Indicators
| ADME | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -98.19% | +70.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -27.26% | +19.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -27.26% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -36.23% | +12.80% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | -86.75% | +59.26% |
Current DrawdownCurrent decline from peak | -2.93% | -88.16% | +85.23% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -75.31% | +67.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 10.02% | -8.22% |
Volatility
ADME vs. USO - Volatility Comparison
The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 4.57%, while United States Oil Fund LP (USO) has a volatility of 11.79%. This indicates that ADME experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADME | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 11.79% | -7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 39.34% | -30.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 44.35% | -33.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 36.32% | -23.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 39.02% | -24.57% |
ADME vs. USO - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
ADME vs. USO - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.38%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.38% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ADME and USO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (11.79%) compared to ADME (4.57%). In terms of maximum drawdown, ADME dropped -27.49% vs USO's -98.19%.
On 10-year performance, ADME leads with 8.73% vs 2.01% for USO. On fees, ADME is cheaper at 0.79% per year. On volatility, ADME has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ADME has performed better with a 8.73% return vs 2.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ADME is cheaper with a 0.79% expense ratio, compared with 0.86% for USO.
ADME has the higher dividend yield at 0.38%, compared with 0.00% for USO.
ADME is categorized as Hedge Fund, while USO is Oil & Gas. ADME tracks Aptus Behavioral Momentum Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Aptus Capital Advisors and USCF. Their fees differ too: 0.79% for ADME and 0.86% for USO.
ADME currently has the higher Sharpe Ratio (1.64 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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