AKRE vs. USL

Last updated Jun 5, 2026

AKRE (Akre Focus ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - AKRE is a Large Cap Growth Equities fund actively managed by Akre Capital, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. AKRE is actively managed, while USL is passively managed. At a correlation of -0.12, they often move in opposite directions. AKRE charges 0.98%/yr vs 0.88%/yr for USL.

Performance

AKRE vs. USL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Akre Focus ETF (AKRE) and United States 12 Month Oil Fund LP (USL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AKRE achieves a -16.27% return, which is significantly lower than USL's 60.58% return.

AKRE

• 1D: 1.88%
• 1M: 1.20%
• YTD: -16.27%
• 6M: -14.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USL

• 1D: -1.53%
• 1M: -1.98%
• YTD: 60.58%
• 6M: 56.11%
• 1Y: 56.55%
• 3Y*: 17.93%
• 5Y*: 17.05%
• 10Y*: 10.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AKRE vs. USL - Yearly Performance Comparison

	2026 (YTD)	2025
AKRE Akre Focus ETF	-16.27%	-3.24%
USL United States 12 Month Oil Fund LP	60.58%	-4.40%

Correlation

The correlation between AKRE and USL is -0.12, 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 (All Time) Calculated using the full available price history since Oct 28, 2025	-0.12

Return for Risk

AKRE vs. USL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USL

USL Risk / Return Rank: 56
USL Sharpe Ratio Rank: 60
USL Sortino Ratio Rank: 53
USL Omega Ratio Rank: 54
USL Calmar Ratio Rank: 69
USL Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AKRE vs. USL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Akre Focus ETF (AKRE) and United States 12 Month Oil Fund LP (USL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AKRE	USL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.42	0.01	-1.42

Drawdowns

AKRE vs. USL - Drawdown Comparison

The maximum AKRE drawdown since its inception was -24.18%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for AKRE and USL.

Drawdown Indicators

	AKRE	USL	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-89.06%	+64.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.02%	—
Current Drawdown Current decline from peak	-18.98%	-39.10%	+20.12%
Average Drawdown Average peak-to-trough decline	-13.07%	-61.45%	+48.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.27%	—

Volatility

Volatility by Period

	AKRE	USL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	28.59%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	30.09%	-9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	32.34%	-11.37%

AKRE vs. USL - Expense Ratio Comparison

AKRE has a 0.98% expense ratio, which is higher than USL's 0.88% expense ratio.

Dividends

AKRE vs. USL - Dividend Comparison

Neither AKRE nor USL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AKRE and USL in my portfolio?

AKRE and USL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AKRE or USL?

On fees, USL is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AKRE or USL?

USL is cheaper with a 0.88% expense ratio, compared with 0.98% for AKRE.

Which ETF pays a higher dividend yield, AKRE or USL?

AKRE and USL have nearly identical dividend yields, around 0.00%.

What is the main difference between AKRE and USL?

AKRE is categorized as Large Cap Growth Equities, while USL is Oil & Gas. They also come from different issuers: Akre Capital and Concierge Technologies. Their fees differ too: 0.98% for AKRE and 0.88% for USL.