CGSD vs. USO
CGSD (Capital Group Short Duration Income ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. CGSD is actively managed, while USO is passively managed. Over the past 3 years, CGSD returned 5.29%/yr vs 20.97%/yr for USO. Their -0.16 correlation means they have often moved in opposite directions in the past. CGSD charges 0.25%/yr vs 0.86%/yr for USO.
Performance
CGSD vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CGSD achieves a 1.06% return, which is significantly lower than USO's 86.77% return.
CGSD
- 1D
- 0.01%
- 1M
- 0.05%
- 6M
- 0.74%
- YTD
- 1.06%
- 1Y
- 3.28%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.07%
USO
- 1D
- 1.33%
- 1M
- 24.23%
- 6M
- 62.44%
- YTD
- 86.77%
- 1Y
- 66.76%
- 3Y*
- 20.97%
- 5Y*
- 20.59%
- 10Y*
- 5.64%
- ALL TIME*
- -6.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.97M | $11.74M | $11.40M | |
| $968.42M | $871.56M | $931.57M |
CGSD vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 1.06% | 6.11% | 5.46% | 5.03% | 1.38% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | -3.92% |
Correlation
The correlation between CGSD and USO is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | -0.16 |
The correlation between CGSD and USO shifts across timeframes, from -0.34 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGSD vs. USO — Risk / Return Rank
CGSD
USO
CGSD vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.
| CGSD | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.25 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.93 | +1.45 |
| Martin ratioReturn relative to average drawdown | 15.73 | 5.60 | +10.13 |
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Drawdowns
CGSD vs. USO - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CGSD and USO.
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Drawdown Indicators
| CGSD | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -98.19% | +96.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -32.49% | +31.38% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -32.49% | +31.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -0.03% | -86.26% | +86.23% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -75.38% | +75.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 12.03% | -11.79% |
Volatility
CGSD vs. USO - Volatility Comparison
The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.42%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that CGSD 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.
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Volatility by Period
| CGSD | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 17.73% | -17.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 42.79% | -41.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 46.91% | -45.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 37.06% | -34.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 39.29% | -37.15% |
CGSD vs. USO - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
CGSD vs. USO - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGSD and USO have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (17.73%) compared to CGSD (0.42%). In terms of maximum drawdown, CGSD dropped -1.75% vs USO's -98.19%.
On 3-year performance, USO leads with 20.97% vs 5.29% for CGSD. On fees, CGSD is cheaper at 0.25% per year. On volatility, CGSD has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 20.97% return vs 5.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGSD is cheaper with a 0.25% expense ratio, compared with 0.86% for USO.
CGSD has the higher dividend yield at 4.46%, compared with 0.00% for USO.
CGSD is categorized as Short-Term Bond, while USO is Oil & Gas. They also come from different issuers: Capital Group and USCF. Their fees differ too: 0.25% for CGSD and 0.86% for USO.
CGSD currently has the higher Sharpe Ratio (2.61 vs 1.34), 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.
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