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 3 years, FDFF returned 11.88%/yr vs 18.29%/yr for USO. Their -0.11 correlation means they have often moved in opposite directions in the past. 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 2.08% return, which is significantly lower than USO's 76.58% return.
FDFF
- 1D
- 1.66%
- 1M
- 5.14%
- 6M
- 3.96%
- YTD
- 2.08%
- 1Y
- -1.80%
- 3Y*
- 11.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.28%
USO
- 1D
- -5.46%
- 1M
- 17.45%
- 6M
- 62.11%
- YTD
- 76.58%
- 1Y
- 57.66%
- 3Y*
- 18.29%
- 5Y*
- 20.94%
- 10Y*
- 4.47%
- ALL TIME*
- -7.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.84K | $154.95K | $132.20K | |
| $981.29M | $906.75M | $905.81M |
FDFF vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 2.08% | -2.75% | 27.86% | 16.58% |
USO United States Oil Fund LP | 76.58% | -8.46% | 13.35% | 5.91% |
Correlation
The correlation between FDFF and USO is -0.33, 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. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023 | -0.11 |
Over the past year, the inverse relationship between FDFF and USO has strengthened: their correlation has moved from -0.11 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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.
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.
| FDFF | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.78 | -1.87 |
| Martin ratioReturn relative to average drawdown | -0.18 | 5.23 | -5.41 |
Loading charts...
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 | -20.60% | -32.49% | +11.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | -32.49% | +9.43% |
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 | -7.30% | -87.01% | +79.71% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -75.38% | +68.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 11.24% | -0.98% |
Volatility
FDFF vs. USO - Volatility Comparison
The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 4.86%, while United States Oil Fund LP (USO) has a volatility of 18.95%. 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 | 4.86% | 18.95% | -14.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 43.21% | -28.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 47.21% | -28.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 37.13% | -18.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 39.32% | -20.37% |
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 0.97%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.97% | 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 -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (18.95%) compared to FDFF (4.86%). In terms of maximum drawdown, FDFF dropped -23.06% vs USO's -98.19%.
On 3-year performance, USO leads with 18.29% vs 11.88% for FDFF. On fees, FDFF is cheaper at 0.50% per year. On volatility, FDFF has been the lower-risk option at 4.86%. 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 18.29% return vs 11.88%. 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 0.97%, 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 (1.23 vs -0.10), 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