CRDO vs. USO
CRDO (Credo Technology Group Holding Ltd) 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 3 years, CRDO returned 135.36%/yr vs 29.98%/yr for USO. At a 0.07 correlation, their price movements are largely independent.
Performance
CRDO vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CRDO achieves a 49.14% return, which is significantly lower than USO's 103.67% return.
CRDO
- 1D
- -6.29%
- 1M
- 19.18%
- YTD
- 49.14%
- 6M
- 13.43%
- 1Y
- 198.39%
- 3Y*
- 135.36%
- 5Y*
- —
- 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%
CRDO vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CRDO Credo Technology Group Holding Ltd | 49.14% | 114.09% | 245.20% | 46.28% | 14.25% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | 13.34% |
Correlation
The correlation between CRDO and USO is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.07 |
The correlation between CRDO and USO shifts across timeframes, from -0.10 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRDO vs. USO — Risk / Return Rank
CRDO
USO
CRDO vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) 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.
| CRDO | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 5.01 | -1.28 |
| Martin ratioReturn relative to average drawdown | 8.99 | 9.42 | -0.43 |
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
| CRDO | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.31 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | -0.18 | +1.36 |
Drawdowns
CRDO vs. USO - Drawdown Comparison
The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CRDO and USO.
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Drawdown Indicators
| CRDO | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.04% | -98.19% | +36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -53.59% | -20.39% | -33.20% |
Max Drawdown (3Y)Largest decline over 3 years | -61.05% | -26.05% | -35.00% |
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 | -9.08% | -85.01% | +75.93% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -75.30% | +55.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.17% | 10.82% | +11.35% |
Volatility
CRDO vs. USO - Volatility Comparison
Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 28.92% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that CRDO'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
| CRDO | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.92% | 14.87% | +14.05% |
Volatility (6M)Calculated over the trailing 6-month period | 64.87% | 38.23% | +26.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.00% | 44.20% | +41.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.41% | 36.06% | +45.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.41% | 39.00% | +42.41% |
Dividends
CRDO vs. USO - Dividend Comparison
Neither CRDO nor USO has paid dividends to shareholders.
Frequently Asked Questions
CRDO 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.
CRDO has higher volatility (28.92%) compared to USO (14.87%). In terms of maximum drawdown, CRDO dropped -62.04% vs USO's -98.19%.
CRDO currently has the higher Sharpe Ratio (2.35 vs 2.31), 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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