DELL vs. USO

Last updated Jun 4, 2026

DELL (Dell Technologies 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 5 years, DELL returned 54.56%/yr vs 24.41%/yr for USO. At a 0.15 correlation, their price movements are largely independent.

Performance

DELL vs. USO - Performance Comparison

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

Returns By Period

In the year-to-date period, DELL achieves a 237.01% return, which is significantly higher than USO's 103.67% return.

DELL

• 1D: -3.27%
• 1M: 98.96%
• YTD: 237.01%
• 6M: 217.47%
• 1Y: 282.02%
• 3Y*: 111.02%
• 5Y*: 54.56%
• 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%

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

DELL vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DELL Dell Technologies Inc.	237.01%	11.22%	52.97%	95.85%	-26.63%	51.21%	42.62%	5.16%	15.88%
USO United States Oil Fund LP	103.67%	-8.46%	13.35%	-4.94%	28.97%	64.68%	-67.79%	32.61%	0.94%

Correlation

The correlation between DELL and USO is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 24, 2018	0.15

The correlation between DELL and USO shifts across timeframes, from -0.11 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DELL vs. USO — Risk / Return Rank

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

DELL

DELL Risk / Return Rank: 96
DELL Sharpe Ratio Rank: 98
DELL Sortino Ratio Rank: 97
DELL Omega Ratio Rank: 96
DELL Calmar Ratio Rank: 96
DELL Martin Ratio Rank: 95

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 69
USO Sortino Ratio Rank: 60
USO Omega Ratio Rank: 61
USO Calmar Ratio Rank: 87
USO Martin Ratio Rank: 54

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.

DELL vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dell Technologies Inc. (DELL) 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.

	DELL	USO	Difference
Sharpe ratio: Return per unit of total volatility	4.37	2.31	+2.06
Sortino ratio: Return per unit of downside risk	4.96	2.89	+2.07
Omega ratio: Gain probability vs. loss probability	1.61	1.38	+0.23
Calmar ratio: Return relative to maximum drawdown	8.78	5.01	+3.78
Martin ratio: Return relative to average drawdown	19.90	9.42	+10.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DELL vs. USO - Sharpe Ratio Comparison

The current DELL Sharpe Ratio is 4.37, which is higher than the USO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DELL and USO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DELL	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.37	2.31	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.68	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	-0.18	+1.25

Drawdowns

DELL vs. USO - Drawdown Comparison

The maximum DELL drawdown since its inception was -59.59%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for DELL and USO.

Drawdown Indicators

	DELL	USO	Difference
Max Drawdown Largest peak-to-trough decline	-59.59%	-98.19%	+38.60%
Max Drawdown (1Y) Largest decline over 1 year	-32.34%	-20.39%	-11.95%
Max Drawdown (3Y) Largest decline over 3 years	-59.59%	-26.05%	-33.54%
Max Drawdown (5Y) Largest decline over 5 years	-59.59%	-36.23%	-23.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.75%	—
Current Drawdown Current decline from peak	-9.63%	-85.01%	+75.38%
Average Drawdown Average peak-to-trough decline	-18.50%	-75.30%	+56.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.25%	10.82%	+3.43%

Volatility

DELL vs. USO - Volatility Comparison

Dell Technologies Inc. (DELL) has a higher volatility of 37.69% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that DELL'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

	DELL	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.69%	14.87%	+22.82%
Volatility (6M) Calculated over the trailing 6-month period	53.76%	38.23%	+15.53%
Volatility (1Y) Calculated over the trailing 1-year period	65.09%	44.20%	+20.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.66%	36.06%	+14.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.93%	39.00%	+8.93%

Dividends

DELL vs. USO - Dividend Comparison

DELL's dividend yield for the trailing twelve months is around 0.52%, while USO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DELL Dell Technologies Inc.	0.52%	1.60%	1.48%	1.88%	2.46%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DELL and USO in my portfolio?

DELL and USO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DELL or USO?

DELL has higher volatility (37.69%) compared to USO (14.87%). In terms of maximum drawdown, DELL dropped -59.59% vs USO's -98.19%.

Which has better risk-adjusted returns?

DELL currently has the higher Sharpe Ratio (4.37 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.