COIN vs. USO
COIN (Coinbase Global, Inc.) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 5 years, COIN returned -6.53%/yr vs 24.41%/yr for USO. At a 0.05 correlation, their price movements are largely independent.
Performance
COIN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -27.82% return, which is significantly lower than USO's 103.67% return.
COIN
- 1D
- -6.19%
- 1M
- -19.59%
- YTD
- -27.82%
- 6M
- -41.06%
- 1Y
- -36.96%
- 3Y*
- 36.24%
- 5Y*
- -6.53%
- 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%
COIN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -27.82% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | 28.97% | 26.30% |
Correlation
The correlation between COIN and USO is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.05 |
The correlation between COIN and USO shifts across timeframes, from -0.10 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
COIN vs. USO — Risk / Return Rank
COIN
USO
COIN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) 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.
| COIN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 5.01 | -5.57 |
| Martin ratioReturn relative to average drawdown | -0.93 | 9.42 | -10.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COIN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 2.31 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.68 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.18 | +0.03 |
Drawdowns
COIN vs. USO - Drawdown Comparison
The maximum COIN drawdown since its inception was -90.90%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for COIN and USO.
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Drawdown Indicators
| COIN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -98.19% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -20.39% | -46.00% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -26.05% | -40.34% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -36.23% | -54.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -61.12% | -85.01% | +23.89% |
Average DrawdownAverage peak-to-trough decline | -49.83% | -75.30% | +25.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.68% | 10.82% | +28.86% |
Volatility
COIN vs. USO - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 19.13% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier 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
| COIN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 14.87% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 50.99% | 38.23% | +12.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.20% | 44.20% | +26.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.85% | 36.06% | +49.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.39% | 39.00% | +46.39% |
Dividends
COIN vs. USO - Dividend Comparison
Neither COIN nor USO has paid dividends to shareholders.
Frequently Asked Questions
COIN and USO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.13%) compared to USO (14.87%). In terms of maximum drawdown, COIN dropped -90.90% vs USO's -98.19%.
USO currently has the higher Sharpe Ratio (2.31 vs -0.53), 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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