CSIQ vs. USO
CSIQ (Canadian Solar 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 10 years, CSIQ returned 0.77%/yr vs 2.14%/yr for USO. At a 0.21 correlation, their price movements are largely independent.
Performance
CSIQ vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CSIQ achieves a -32.60% return, which is significantly lower than USO's 62.94% return. Over the past 10 years, CSIQ has underperformed USO with an annualized return of 0.77%, while USO has yielded a comparatively higher 2.14% annualized return.
CSIQ
- 1D
- -1.54%
- 1M
- -15.15%
- YTD
- -32.60%
- 6M
- -40.95%
- 1Y
- 60.04%
- 3Y*
- -24.31%
- 5Y*
- -16.18%
- 10Y*
- 0.77%
USO
- 1D
- -1.90%
- 1M
- -20.03%
- YTD
- 62.94%
- 6M
- 61.61%
- 1Y
- 35.58%
- 3Y*
- 21.76%
- 5Y*
- 17.78%
- 10Y*
- 2.14%
CSIQ vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIQ Canadian Solar Inc. | -32.60% | 113.76% | -57.61% | -15.11% | -1.25% | -38.93% | 131.86% | 54.11% | -14.95% | 38.42% |
USO United States Oil Fund LP | 62.94% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between CSIQ 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 (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2006 | 0.21 |
The correlation between CSIQ and USO shifts across timeframes, from -0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSIQ vs. USO — Risk / Return Rank
CSIQ
USO
CSIQ vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) 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.
| CSIQ | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.36 | -0.41 |
| Martin ratioReturn relative to average drawdown | 1.70 | 3.61 | -1.91 |
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Drawdowns
CSIQ vs. USO - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CSIQ and USO.
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Drawdown Indicators
| CSIQ | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -98.19% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -63.94% | -26.33% | -37.61% |
Max Drawdown (3Y)Largest decline over 3 years | -82.53% | -26.33% | -56.20% |
Max Drawdown (5Y)Largest decline over 5 years | -85.65% | -36.23% | -49.42% |
Max Drawdown (10Y)Largest decline over 10 years | -89.46% | -86.75% | -2.71% |
Current DrawdownCurrent decline from peak | -75.03% | -88.01% | +12.98% |
Average DrawdownAverage peak-to-trough decline | -61.11% | -75.31% | +14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.37% | 11.59% | +23.78% |
Volatility
CSIQ vs. USO - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 25.91% compared to United States Oil Fund LP (USO) at 11.79%. This indicates that CSIQ'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
| CSIQ | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.91% | 11.79% | +14.12% |
Volatility (6M)Calculated over the trailing 6-month period | 65.46% | 39.34% | +26.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.86% | 44.41% | +51.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.11% | 36.32% | +35.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.79% | 39.05% | +24.74% |
Dividends
CSIQ vs. USO - Dividend Comparison
Neither CSIQ nor USO has paid dividends to shareholders.
Frequently Asked Questions
CSIQ 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.
CSIQ has higher volatility (25.91%) compared to USO (11.79%). In terms of maximum drawdown, CSIQ dropped -96.02% vs USO's -98.19%.
USO currently has the higher Sharpe Ratio (0.81 vs 0.63), 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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