AWAY vs. USL

Last updated Jun 5, 2026

AWAY (ETFMG Travel Tech ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. Both are passively managed. Over the past 5 years, AWAY returned -11.00%/yr vs 17.05%/yr for USL. At a 0.17 correlation, their price movements are largely independent. AWAY charges 0.75%/yr vs 0.88%/yr for USL.

Performance

AWAY vs. USL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Travel Tech ETF (AWAY) 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, AWAY achieves a -15.47% return, which is significantly lower than USL's 60.58% return.

AWAY

• 1D: 1.11%
• 1M: -1.83%
• YTD: -15.47%
• 6M: -16.29%
• 1Y: -17.95%
• 3Y*: 0.57%
• 5Y*: -11.00%
• 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)

AWAY vs. USL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	-15.47%	-3.36%	10.44%	17.94%	-32.25%	-5.91%	4.41%
USL United States 12 Month Oil Fund LP	60.58%	-12.37%	8.30%	-1.11%	27.10%	62.48%	-16.59%

Correlation

The correlation between AWAY and USL is -0.28, 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	-0.28
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020	0.17

The correlation between AWAY and USL shifts across timeframes, from -0.28 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

AWAY vs. USL - Sectors Allocation Comparison

Sectors	AWAY	USL
Consumer Cyclical	63.7%	-
Technology	30.0%	-
Communication Services	4.0%	-
Industrials	1.0%	-
Financial Services	0.2%	4.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AWAY vs. USL — Risk / Return Rank

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

AWAY

AWAY Risk / Return Rank: 3
AWAY Sharpe Ratio Rank: 3
AWAY Sortino Ratio Rank: 3
AWAY Omega Ratio Rank: 3
AWAY Calmar Ratio Rank: 4
AWAY Martin Ratio Rank: 4

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.

AWAY vs. USL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) 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.

	AWAY	USL	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	1.99	-2.79
Sortino ratio: Return per unit of downside risk	-1.03	2.53	-3.57
Omega ratio: Gain probability vs. loss probability	0.88	1.33	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.55	3.39	-3.94
Martin ratio: Return relative to average drawdown	-1.10	6.85	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AWAY vs. USL - Sharpe Ratio Comparison

The current AWAY Sharpe Ratio is -0.80, which is lower than the USL Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of AWAY and USL, 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

	AWAY	USL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.80	1.99	-2.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	0.57	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.01	-0.17

Drawdowns

AWAY vs. USL - Drawdown Comparison

The maximum AWAY drawdown since its inception was -56.57%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for AWAY and USL.

Drawdown Indicators

	AWAY	USL	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-89.06%	+32.49%
Max Drawdown (1Y) Largest decline over 1 year	-32.83%	-16.76%	-16.07%
Max Drawdown (3Y) Largest decline over 3 years	-32.83%	-23.33%	-9.50%
Max Drawdown (5Y) Largest decline over 5 years	-52.49%	-33.82%	-18.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.02%	—
Current Drawdown Current decline from peak	-49.01%	-39.10%	-9.91%
Average Drawdown Average peak-to-trough decline	-36.16%	-61.45%	+25.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.40%	8.27%	+8.13%

Volatility

AWAY vs. USL - Volatility Comparison

The current volatility for ETFMG Travel Tech ETF (AWAY) is 7.10%, while United States 12 Month Oil Fund LP (USL) has a volatility of 10.57%. This indicates that AWAY experiences smaller price fluctuations and is considered to be less risky than USL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWAY	USL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	10.57%	-3.47%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	23.34%	-5.39%
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	28.59%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	30.09%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.81%	32.34%	-0.53%

AWAY vs. USL - Expense Ratio Comparison

AWAY has a 0.75% expense ratio, which is lower than USL's 0.88% expense ratio.

Dividends

AWAY vs. USL - Dividend Comparison

Neither AWAY nor USL has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.04%
USL United States 12 Month Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AWAY and USL in my portfolio?

AWAY and USL have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWAY or USL?

USL has higher volatility (10.57%) compared to AWAY (7.10%). In terms of maximum drawdown, AWAY dropped -56.57% vs USL's -89.06%.

Which ETF is better, AWAY or USL?

On 5-year performance, USL leads with 17.05% vs -11.00% for AWAY. On fees, AWAY is cheaper at 0.75% per year. On volatility, AWAY has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AWAY or USL?

Over the 5-year period, USL has performed better with a 17.05% return vs -11.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AWAY or USL?

AWAY is cheaper with a 0.75% expense ratio, compared with 0.88% for USL.

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

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

What is the main difference between AWAY and USL?

AWAY is categorized as Consumer Discretionary Equities, while USL is Oil & Gas. AWAY tracks Prime Travel Technology Index, while USL tracks 12 Month Light Sweet Crude Oil. They also come from different issuers: ETFMG and Concierge Technologies. Their fees differ too: 0.75% for AWAY and 0.88% for USL.

Which has better risk-adjusted returns?

USL currently has the higher Sharpe Ratio (1.99 vs -0.80), 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.