AUDUSD=X vs. USO
Compare and contrast key facts about AUD/USD (AUDUSD=X) and United States Oil Fund LP (USO).
USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUDUSD=X or USO.
Performance
AUDUSD=X vs. USO - Performance Comparison
Returns By Period
In the year-to-date period, AUDUSD=X achieves a -4.21% return, which is significantly lower than USO's 8.49% return. Over the past 10 years, AUDUSD=X has outperformed USO with an annualized return of -2.67%, while USO has yielded a comparatively lower -11.06% annualized return.
AUDUSD=X
-4.21%
-2.68%
-2.12%
-0.50%
-0.74%
-2.67%
USO
8.49%
1.30%
-5.06%
0.01%
-5.84%
-11.06%
Key characteristics
| AUDUSD=X | USO | |
|---|---|---|
| Sharpe Ratio | -0.11 | 0.08 |
| Sortino Ratio | -0.10 | 0.30 |
| Omega Ratio | 0.99 | 1.04 |
| Calmar Ratio | -0.01 | 0.02 |
| Martin Ratio | -0.37 | 0.28 |
| Ulcer Index | 2.27% | 7.96% |
| Daily Std Dev | 7.87% | 27.82% |
| Max Drawdown | -67.80% | -98.19% |
| Current Drawdown | -56.17% | -92.31% |
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Correlation
The correlation between AUDUSD=X and USO is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AUDUSD=X vs. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) 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.
Drawdowns
AUDUSD=X vs. USO - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -67.80%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and USO. For additional features, visit the drawdowns tool.
Volatility
AUDUSD=X vs. USO - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 3.12%, while United States Oil Fund LP (USO) has a volatility of 9.28%. This indicates that AUDUSD=X 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.