ARMH vs. USO

Last updated Jun 4, 2026

ARMH (Arm Holdings PLC ADRhedged ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - ARMH is a Technology Equities fund actively managed by Precidian, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. ARMH is actively managed, while USO is passively managed. At a 0.40 correlation, their price movements are largely independent. ARMH charges 0.19%/yr vs 0.86%/yr for USO.

Performance

ARMH vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arm Holdings PLC ADRhedged ETF (ARMH) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARMH

• 1D: 2.87%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

ARMH vs. USO - Yearly Performance Comparison

	2026 (YTD)
ARMH Arm Holdings PLC ADRhedged ETF	23.00%
USO United States Oil Fund LP	7.71%

Correlation

The correlation between ARMH and USO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

ARMH vs. USO — Risk / Return Rank

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

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.

ARMH vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arm Holdings PLC ADRhedged ETF (ARMH) 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.

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

Sharpe Ratios by Period

	ARMH	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
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	471,500.14	-0.18	+471,500.32

Drawdowns

ARMH vs. USO - Drawdown Comparison

The maximum ARMH drawdown since its inception was -1.61%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for ARMH and USO.

Drawdown Indicators

	ARMH	USO	Difference
Max Drawdown Largest peak-to-trough decline	-1.61%	-98.19%	+96.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.05%	—
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	0.00%	-85.01%	+85.01%
Average Drawdown Average peak-to-trough decline	-0.40%	-75.30%	+74.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.82%	—

Volatility

Volatility by Period

	ARMH	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	113.00%	44.20%	+68.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.00%	36.06%	+76.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.00%	39.00%	+74.00%

ARMH vs. USO - Expense Ratio Comparison

ARMH has a 0.19% expense ratio, which is lower than USO's 0.86% expense ratio.

Dividends

ARMH vs. USO - Dividend Comparison

Neither ARMH nor USO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARMH and USO in my portfolio?

ARMH and USO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMH or USO?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMH or USO?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.86% for USO.

Which ETF pays a higher dividend yield, ARMH or USO?

ARMH and USO have nearly identical dividend yields, around 0.00%.

What is the main difference between ARMH and USO?

ARMH is categorized as Technology Equities, while USO is Oil & Gas. They also come from different issuers: Precidian and USCF. Their fees differ too: 0.19% for ARMH and 0.86% for USO.