DGIN vs. USO
DGIN (VanEck Digital India ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - DGIN is a Asia Pacific 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 5.31%/yr vs 28.78%/yr for USO. At a correlation of -0.01, they often move in opposite directions. 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 -16.15% return, which is significantly lower than USO's 97.72% return.
DGIN
- 1D
- 1.56%
- 1M
- 1.37%
- YTD
- -16.15%
- 6M
- -17.49%
- 1Y
- -17.11%
- 3Y*
- 5.31%
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
DGIN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | -16.15% | -6.00% | 22.56% | 30.30% | -21.84% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -4.94% | 9.26% |
Correlation
The correlation between DGIN and USO is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | -0.01 |
Over the past year, the inverse relationship between DGIN and USO has strengthened: their correlation has moved from -0.01 to -0.32, 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.
| DGIN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 4.79 | -5.36 |
| Martin ratioReturn relative to average drawdown | -1.22 | 9.00 | -10.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGIN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | 2.21 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.18 | +0.16 |
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 | -30.49% | -20.39% | -10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -33.65% | -26.05% | -7.60% |
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 | -24.87% | -85.45% | +60.58% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -75.30% | +62.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 10.84% | +3.17% |
Volatility
DGIN vs. USO - Volatility Comparison
The current volatility for VanEck Digital India ETF (DGIN) is 6.26%, while United States Oil Fund LP (USO) has a volatility of 14.97%. 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 | 6.26% | 14.97% | -8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 38.35% | -22.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 44.32% | -25.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 36.09% | -17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 39.00% | -20.10% |
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 2.27%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DGIN VanEck Digital India ETF | 2.27% | 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 -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.97%) compared to DGIN (6.26%). In terms of maximum drawdown, DGIN dropped -33.65% vs USO's -98.19%.
On 3-year performance, USO leads with 28.78% vs 5.31% for DGIN. On fees, DGIN is cheaper at 0.76% per year. On volatility, DGIN has been the lower-risk option at 6.26%. 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 28.78% return vs 5.31%. 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 2.27%, compared with 0.00% for USO.
DGIN is categorized as Asia Pacific 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 (2.21 vs -0.94), 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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