CSIQ vs. USO
Compare and contrast key facts about Canadian Solar Inc. (CSIQ) and United States Oil Fund LP (USO).
USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSIQ or USO.
Key characteristics
| CSIQ | USO | |
|---|---|---|
| YTD Return | -33.05% | 13.28% |
| 1Y Return | -52.63% | 17.49% |
| 3Y Return (Ann) | -23.82% | 19.39% |
| 5Y Return (Ann) | -1.43% | -5.94% |
| 10Y Return (Ann) | -3.97% | -12.65% |
| Sharpe Ratio | -1.07 | 0.73 |
| Daily Std Dev | 49.28% | 27.01% |
| Max Drawdown | -96.02% | -98.19% |
| Current Drawdown | -72.63% | -91.97% |
Correlation
The correlation between CSIQ and USO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CSIQ vs. USO - Performance Comparison
In the year-to-date period, CSIQ achieves a -33.05% return, which is significantly lower than USO's 13.28% return. Over the past 10 years, CSIQ has outperformed USO with an annualized return of -3.97%, while USO has yielded a comparatively lower -12.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CSIQ vs. USO - Risk-Adjusted Performance 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.
Dividends
CSIQ vs. USO - Dividend Comparison
Neither CSIQ nor USO has paid dividends to shareholders.
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. For additional features, visit the drawdowns tool.
Volatility
CSIQ vs. USO - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 18.29% compared to United States Oil Fund LP (USO) at 5.40%. 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.