BDYN vs. USO

Last updated Jun 25, 2026

BDYN (iShares Dynamic Equity Active ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - BDYN is a Global Equities fund actively managed by iShares, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. BDYN is actively managed, while USO is passively managed. At a correlation of -0.28, they often move in opposite directions. BDYN charges 0.40%/yr vs 0.86%/yr for USO.

Performance

BDYN vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Dynamic Equity Active ETF (BDYN) 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, BDYN achieves a 5.84% return, which is significantly lower than USO's 53.69% return.

BDYN

• 1D: -0.36%
• 1M: -0.92%
• YTD: 5.84%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USO

• 1D: -4.47%
• 1M: -24.57%
• YTD: 53.69%
• 6M: 51.41%
• 1Y: 45.60%
• 3Y*: 19.41%
• 5Y*: 16.16%
• 10Y*: 1.54%

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

BDYN vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025
BDYN iShares Dynamic Equity Active ETF	5.84%	3.61%
USO United States Oil Fund LP	53.69%	-5.66%

Correlation

The correlation between BDYN and USO 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 (All Time) Calculated using the full available price history since Sep 15, 2025	-0.28

Return for Risk

BDYN vs. USO — Risk / Return Rank

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

BDYN

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

USO

USO Risk / Return Rank: 33
USO Sharpe Ratio Rank: 31
USO Sortino Ratio Rank: 34
USO Omega Ratio Rank: 33
USO Calmar Ratio Rank: 32
USO Martin Ratio Rank: 32

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.

BDYN vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dynamic Equity Active ETF (BDYN) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BDYN	USO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.68	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	4.49	—

Drawdowns

BDYN vs. USO - Drawdown Comparison

The maximum BDYN drawdown since its inception was -10.85%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for BDYN and USO.

Drawdown Indicators

	BDYN	USO	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-98.19%	+87.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.51%	—
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	-2.95%	-88.69%	+85.74%
Average Drawdown Average peak-to-trough decline	-1.81%	-75.32%	+73.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.18%	—

Volatility

Volatility by Period

	BDYN	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	43.82%	-28.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	36.38%	-21.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	39.04%	-24.19%

BDYN vs. USO - Expense Ratio Comparison

BDYN has a 0.40% expense ratio, which is lower than USO's 0.86% expense ratio.

Dividends

BDYN vs. USO - Dividend Comparison

BDYN's dividend yield for the trailing twelve months is around 2.06%, while USO has not paid dividends to shareholders.

Position	TTM	2025
BDYN iShares Dynamic Equity Active ETF	2.06%	2.18%
USO United States Oil Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDYN and USO in my portfolio?

BDYN and USO 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 ETF is better, BDYN or USO?

On fees, BDYN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDYN or USO?

BDYN is cheaper with a 0.40% expense ratio, compared with 0.86% for USO.

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

BDYN has the higher dividend yield at 2.06%, compared with 0.00% for USO.

What is the main difference between BDYN and USO?

BDYN is categorized as Global Equities, while USO is Oil & Gas. They also come from different issuers: iShares and USCF. Their fees differ too: 0.40% for BDYN and 0.86% for USO.