CSIQ vs. USO

Last updated Apr 1, 2026

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.

Performance

CSIQ vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Solar Inc. (CSIQ) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

CSIQ vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIQ Canadian Solar Inc.	-41.73%	113.76%	-57.61%	-15.11%	-1.25%	-38.93%	131.86%	54.11%	-14.95%	38.42%
USO United States Oil Fund LP	83.99%	-8.46%	13.35%	-4.94%	28.97%	64.68%	-67.79%	32.61%	-19.57%	2.47%

Returns By Period

In the year-to-date period, CSIQ achieves a -41.73% return, which is significantly lower than USO's 83.99% return. Over the past 10 years, CSIQ has underperformed USO with an annualized return of -3.12%, while USO has yielded a comparatively higher 5.48% annualized return.

CSIQ

• 1D: 6.70%
• 1M: -21.80%
• YTD: -41.73%
• 6M: 6.21%
• 1Y: 60.12%
• 3Y*: -29.67%
• 5Y*: -22.17%
• 10Y*: -3.12%

USO

• 1D: -1.99%
• 1M: 55.28%
• YTD: 83.99%
• 6M: 72.54%
• 1Y: 64.55%
• 3Y*: 24.19%
• 5Y*: 24.91%
• 10Y*: 5.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CSIQ vs. USO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSIQ

CSIQ Risk / Return Rank: 64
CSIQ Sharpe Ratio Rank: 64
CSIQ Sortino Ratio Rank: 68
CSIQ Omega Ratio Rank: 67
CSIQ Calmar Ratio Rank: 60
CSIQ Martin Ratio Rank: 61

USO

USO Risk / Return Rank: 82
USO Sharpe Ratio Rank: 85
USO Sortino Ratio Rank: 88
USO Omega Ratio Rank: 80
USO Calmar Ratio Rank: 93
USO Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	CSIQ	USO	Difference
Sharpe ratio Return per unit of total volatility	0.61	1.65	-1.05
Sortino ratio Return per unit of downside risk	1.43	2.32	-0.89
Omega ratio Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	0.82	3.44	-2.63
Martin ratio Return relative to average drawdown	1.93	5.96	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSIQ vs. USO - Sharpe Ratio Comparison

The current CSIQ Sharpe Ratio is 0.61, which is lower than the USO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of CSIQ and USO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CSIQ	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.65	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.73	-1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.14	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.19	+0.18

Correlation

The correlation between CSIQ and USO is 0.22, 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.

Dividends

CSIQ vs. USO - Dividend Comparison

Neither CSIQ nor USO has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	CSIQ	USO	Difference
Max Drawdown Largest peak-to-trough decline	-96.02%	-98.19%	+2.17%
Max Drawdown (1Y) Largest decline over 1 year	-61.35%	-20.39%	-40.96%
Max Drawdown (5Y) Largest decline over 5 years	-86.06%	-36.23%	-49.83%
Max Drawdown (10Y) Largest decline over 10 years	-89.46%	-86.75%	-2.71%
Current Drawdown Current decline from peak	-78.41%	-86.46%	+8.05%
Average Drawdown Average peak-to-trough decline	-60.96%	-75.21%	+14.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.90%	11.77%	+14.13%

Volatility

CSIQ vs. USO - Volatility Comparison

Canadian Solar Inc. (CSIQ) has a higher volatility of 36.84% compared to United States Oil Fund LP (USO) at 21.87%. 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.

Volatility by Period

	CSIQ	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.84%	21.87%	+14.97%
Volatility (6M) Calculated over the trailing 6-month period	78.87%	29.71%	+49.16%
Volatility (1Y) Calculated over the trailing 1-year period	99.99%	39.38%	+60.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.47%	34.41%	+36.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.91%	38.33%	+24.58%