DGIN vs. USO
DGIN (VanEck Digital India ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - DGIN is a India Equities fund tracking the MVIS Digital India, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 3 years, DGIN returned 5.12%/yr vs 20.97%/yr for USO. Their -0.03 correlation means they have often moved in opposite directions in the past. DGIN charges 0.76%/yr vs 0.86%/yr for USO.
Performance
DGIN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, DGIN achieves a -11.08% return, which is significantly lower than USO's 86.77% return.
DGIN
- 1D
- 0.08%
- 1M
- 2.25%
- 6M
- -4.98%
- YTD
- -11.08%
- 1Y
- -9.60%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.79%
USO
- 1D
- 1.33%
- 1M
- 24.23%
- 6M
- 62.44%
- YTD
- 86.77%
- 1Y
- 66.76%
- 3Y*
- 20.97%
- 5Y*
- 20.59%
- 10Y*
- 5.64%
- ALL TIME*
- -6.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.35K | $61.06K | $105.41K | |
| $968.42M | $871.56M | $931.57M |
DGIN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | -11.08% | -6.00% | 22.56% | 30.30% | -22.40% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | 10.34% |
Correlation
The correlation between DGIN and USO is -0.36, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.36 |
Correlation (3Y) Balances recent behavior with more history. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | -0.03 |
Over the past year, the inverse relationship between DGIN and USO has strengthened: their correlation has moved from -0.03 to -0.36, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DGIN vs. USO — Risk / Return Rank
DGIN
USO
DGIN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) 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.
| DGIN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.93 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.72 | 5.60 | -6.31 |
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Drawdowns
DGIN vs. USO - Drawdown Comparison
The maximum DGIN drawdown since its inception was -33.65%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for DGIN and USO.
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Drawdown Indicators
| DGIN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -98.19% | +64.54% |
Max Drawdown (1Y)Largest decline over 1 year | -28.59% | -32.49% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -33.65% | -32.49% | -1.16% |
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 | -20.32% | -86.26% | +65.94% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -75.38% | +61.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 12.03% | +1.85% |
Volatility
DGIN vs. USO - Volatility Comparison
The current volatility for VanEck Digital India ETF (DGIN) is 5.17%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that DGIN experiences smaller price fluctuations and is considered to be less risky 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
| DGIN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 17.73% | -12.56% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 42.79% | -26.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.03% | 46.91% | -27.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 37.06% | -18.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 39.29% | -20.41% |
DGIN vs. USO - Expense Ratio Comparison
DGIN has a 0.76% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
DGIN vs. USO - Dividend Comparison
DGIN's dividend yield for the trailing twelve months is around 2.14%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | 2.14% | 1.90% | 0.00% | 0.24% | 0.97% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGIN and USO have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (17.73%) compared to DGIN (5.17%). In terms of maximum drawdown, DGIN dropped -33.65% vs USO's -98.19%.
On 3-year performance, USO leads with 20.97% vs 5.12% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, DGIN has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 20.97% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGIN is cheaper with a 0.76% expense ratio, compared with 0.86% for USO.
DGIN has the higher dividend yield at 2.14%, compared with 0.00% for USO.
DGIN is categorized as India Equities, while USO is Oil & Gas. DGIN tracks MVIS Digital India, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: VanEck and USCF. Their fees differ too: 0.76% for DGIN and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs -0.52), 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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