EDGX vs. USL

Last updated Jun 4, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. Both are passively managed. At a correlation of -0.63, they often move in opposite directions.

Performance

EDGX vs. USL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and United States 12 Month Oil Fund LP (USL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.49%
• 1M: 4.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USL

• 1D: 1.55%
• 1M: -1.61%
• YTD: 63.07%
• 6M: 59.66%
• 1Y: 57.86%
• 3Y*: 18.42%
• 5Y*: 17.41%
• 10Y*: 10.91%

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

EDGX vs. USL - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	10.16%
USL United States 12 Month Oil Fund LP	45.54%

Correlation

The correlation between EDGX and USL is -0.63, 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 (All Time) Calculated using the full available price history since Feb 19, 2026	-0.63

Return for Risk

EDGX vs. USL — Risk / Return Rank

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

USL

USL Risk / Return Rank: 56
USL Sharpe Ratio Rank: 59
USL Sortino Ratio Rank: 53
USL Omega Ratio Rank: 54
USL Calmar Ratio Rank: 69
USL Martin Ratio Rank: 43

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.

EDGX vs. USL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) and United States 12 Month Oil Fund LP (USL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EDGX	USL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	0.01	+3.04

Drawdowns

EDGX vs. USL - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for EDGX and USL.

Drawdown Indicators

	EDGX	USL	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-89.06%	+81.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.02%	—
Current Drawdown Current decline from peak	-0.49%	-38.16%	+37.67%
Average Drawdown Average peak-to-trough decline	-1.50%	-61.46%	+59.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.27%	—

Volatility

Volatility by Period

	EDGX	USL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	28.54%	-15.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	30.08%	-16.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.10%	32.35%	-19.25%

Dividends

EDGX vs. USL - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 2.43%, while USL has not paid dividends to shareholders.

Position	TTM
EDGX Global X U.S. 500 Income Edge ETF	2.43%
USL United States 12 Month Oil Fund LP	0.00%

Frequently Asked Questions

Can I hold both EDGX and USL in my portfolio?

EDGX and USL have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, EDGX or USL?

EDGX has the higher dividend yield at 2.43%, compared with 0.00% for USL.

What is the main difference between EDGX and USL?

EDGX is categorized as Derivative Income, while USL is Oil & Gas. EDGX tracks Solactive GBS United States 500 Index, while USL tracks 12 Month Light Sweet Crude Oil. They also come from different issuers: Global X and Concierge Technologies.