CRWV vs. USO
CRWV (CoreWeave, 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 year, CRWV returned -33.76% vs 97.20% for USO. At a correlation of -0.00, they often move in opposite directions.
Performance
CRWV vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 50.86% return, which is significantly lower than USO's 97.72% return.
CRWV
- 1D
- -2.61%
- 1M
- -15.53%
- YTD
- 50.86%
- 6M
- 25.98%
- 1Y
- -33.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
CRWV vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 50.86% | 79.02% |
USO United States Oil Fund LP | 97.72% | -7.50% |
Correlation
The correlation between CRWV and USO is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | -0.00 |
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Return for Risk
CRWV vs. USO — Risk / Return Rank
CRWV
USO
CRWV vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) 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.
| CRWV | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 4.79 | -5.32 |
| Martin ratioReturn relative to average drawdown | -0.78 | 9.00 | -9.77 |
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
| CRWV | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | 2.21 | -2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | -0.18 | +1.33 |
Drawdowns
CRWV vs. USO - Drawdown Comparison
The maximum CRWV drawdown since its inception was -64.84%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CRWV and USO.
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Drawdown Indicators
| CRWV | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.84% | -98.19% | +33.35% |
Max Drawdown (1Y)Largest decline over 1 year | -64.84% | -20.39% | -44.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.05% | — |
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 | -41.15% | -85.45% | +44.30% |
Average DrawdownAverage peak-to-trough decline | -37.16% | -75.30% | +38.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.58% | 10.84% | +32.74% |
Volatility
CRWV vs. USO - Volatility Comparison
CoreWeave, Inc. (CRWV) has a higher volatility of 26.47% compared to United States Oil Fund LP (USO) at 14.97%. This indicates that CRWV'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
| CRWV | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.47% | 14.97% | +11.50% |
Volatility (6M)Calculated over the trailing 6-month period | 68.25% | 38.35% | +29.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.22% | 44.32% | +52.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.75% | 36.09% | +78.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.75% | 39.00% | +75.75% |
Dividends
CRWV vs. USO - Dividend Comparison
Neither CRWV nor USO has paid dividends to shareholders.
Frequently Asked Questions
CRWV and USO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (26.47%) compared to USO (14.97%). In terms of maximum drawdown, CRWV dropped -64.84% vs USO's -98.19%.
USO currently has the higher Sharpe Ratio (2.21 vs -0.35), 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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