ARIS vs. USO

Last updated Jun 4, 2026

ARIS (Aris Water Solutions, Inc.) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 3 years, ARIS returned 89.91%/yr vs 29.98%/yr for USO. At a 0.10 correlation, their price movements are largely independent.

Performance

ARIS vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aris Water Solutions, Inc. (ARIS) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARIS achieves a 3.82% return, which is significantly lower than USO's 103.67% return.

ARIS

• 1D: -4.26%
• 1M: -3.82%
• YTD: 3.82%
• 6M: 20.36%
• 1Y: 145.27%
• 3Y*: 89.91%
• 5Y*: —
• 10Y*: —

USO

• 1D: 2.62%
• 1M: -4.57%
• YTD: 103.67%
• 6M: 99.35%
• 1Y: 101.55%
• 3Y*: 29.98%
• 5Y*: 24.41%
• 10Y*: 4.07%

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

ARIS vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARIS Aris Water Solutions, Inc.	3.82%	363.71%	6.54%	31.93%	-39.60%	0.22%
USO United States Oil Fund LP	103.67%	-8.46%	13.35%	-4.94%	28.97%	-6.32%

Correlation

The correlation between ARIS and USO is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 25, 2021	0.10

The correlation between ARIS and USO shifts across timeframes, from -0.14 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARIS vs. USO — Risk / Return Rank

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

ARIS

ARIS Risk / Return Rank: 93
ARIS Sharpe Ratio Rank: 95
ARIS Sortino Ratio Rank: 88
ARIS Omega Ratio Rank: 89
ARIS Calmar Ratio Rank: 96
ARIS Martin Ratio Rank: 95

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 69
USO Sortino Ratio Rank: 60
USO Omega Ratio Rank: 61
USO Calmar Ratio Rank: 87
USO Martin Ratio Rank: 54

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.

ARIS vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aris Water Solutions, Inc. (ARIS) 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.

	ARIS	USO	Difference
Sharpe ratio: Return per unit of total volatility	3.17	2.31	+0.86
Sortino ratio: Return per unit of downside risk	3.01	2.89	+0.12
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	8.09	5.01	+3.09
Martin ratio: Return relative to average drawdown	21.05	9.42	+11.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARIS vs. USO - Sharpe Ratio Comparison

The current ARIS Sharpe Ratio is 3.17, which is higher than the USO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ARIS and USO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARIS	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.17	2.31	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	-0.18	+0.88

Drawdowns

ARIS vs. USO - Drawdown Comparison

The maximum ARIS drawdown since its inception was -57.98%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for ARIS and USO.

Drawdown Indicators

	ARIS	USO	Difference
Max Drawdown Largest peak-to-trough decline	-57.98%	-98.19%	+40.21%
Max Drawdown (1Y) Largest decline over 1 year	-22.17%	-20.39%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-34.46%	-26.05%	-8.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.75%	—
Current Drawdown Current decline from peak	-22.17%	-85.01%	+62.84%
Average Drawdown Average peak-to-trough decline	-22.65%	-75.30%	+52.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.03%	10.82%	-2.79%

Volatility

ARIS vs. USO - Volatility Comparison

Aris Water Solutions, Inc. (ARIS) has a higher volatility of 18.04% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that ARIS's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARIS	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	14.87%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	46.34%	38.23%	+8.11%
Volatility (1Y) Calculated over the trailing 1-year period	56.66%	44.20%	+12.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.79%	36.06%	+16.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.79%	39.00%	+13.79%

Dividends

ARIS vs. USO - Dividend Comparison

Neither ARIS nor USO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ARIS Aris Water Solutions, Inc.	0.00%	0.00%	0.00%	0.00%	3.84%	0.85%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARIS and USO in my portfolio?

ARIS and USO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARIS or USO?

ARIS has higher volatility (18.04%) compared to USO (14.87%). In terms of maximum drawdown, ARIS dropped -57.98% vs USO's -98.19%.

Which has better risk-adjusted returns?

ARIS currently has the higher Sharpe Ratio (3.17 vs 2.31), 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.