FDFF vs. USO
FDFF (Fidelity Disruptive Finance ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - FDFF is a Financials Equities fund actively managed by Fidelity, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. FDFF is actively managed, while USO is passively managed. Over the past year, FDFF returned -13.28% vs 101.55% for USO. At a correlation of -0.07, they often move in opposite directions. FDFF charges 0.50%/yr vs 0.86%/yr for USO.
Performance
FDFF vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDFF achieves a -9.77% return, which is significantly lower than USO's 103.67% return.
FDFF
- 1D
- -2.74%
- 1M
- -4.96%
- YTD
- -9.77%
- 6M
- -7.73%
- 1Y
- -13.28%
- 3Y*
- —
- 5Y*
- —
- 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%
FDFF vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | -9.77% | -2.75% | 27.86% | 15.99% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | 10.64% |
Correlation
The correlation between FDFF and USO is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | -0.07 |
The correlation between FDFF and USO shifts across timeframes, from -0.26 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDFF vs. USO — Risk / Return Rank
FDFF
USO
FDFF vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) 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.
| FDFF | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.38 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 5.01 | -5.60 |
| Martin ratioReturn relative to average drawdown | -1.23 | 9.42 | -10.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FDFF | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 2.31 | -3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.18 | +0.67 |
Drawdowns
FDFF vs. USO - Drawdown Comparison
The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for FDFF and USO.
Loading charts...
Drawdown Indicators
| FDFF | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.06% | -98.19% | +75.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.31% | -20.39% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.05% | — |
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 | -18.05% | -85.01% | +66.96% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -75.30% | +68.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.82% | 10.82% | 0.00% |
Volatility
FDFF vs. USO - Volatility Comparison
The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 4.48%, while United States Oil Fund LP (USO) has a volatility of 14.87%. This indicates that FDFF 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.
Loading charts...
Volatility by Period
| FDFF | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 14.87% | -10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 38.23% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 44.20% | -25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 36.06% | -17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 39.00% | -19.98% |
FDFF vs. USO - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
FDFF vs. USO - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 1.01%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 1.01% | 0.86% | 0.70% | 0.27% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDFF and USO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.87%) compared to FDFF (4.48%). In terms of maximum drawdown, FDFF dropped -23.06% vs USO's -98.19%.
On 1-year performance, USO leads with 101.55% vs -13.28% for FDFF. On fees, FDFF is cheaper at 0.50% per year. On volatility, FDFF has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USO has performed better with a 101.55% return vs -13.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDFF is cheaper with a 0.50% expense ratio, compared with 0.86% for USO.
FDFF has the higher dividend yield at 1.01%, compared with 0.00% for USO.
FDFF is categorized as Financials Equities, while USO is Oil & Gas. They also come from different issuers: Fidelity and USCF. Their fees differ too: 0.50% for FDFF and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs -0.73), 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.
Find the right allocation for FDFF and USO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer