GS vs. USO
GS (The Goldman Sachs Group, Inc.) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 10 years, GS returned 23.14%/yr vs 5.64%/yr for USO. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
GS vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 16.98% return, which is significantly lower than USO's 86.77% return. Over the past 10 years, GS has outperformed USO with an annualized return of 23.14%, while USO has yielded a comparatively lower 5.64% annualized return.
GS
- 1D
- -0.63%
- 1M
- -0.26%
- 6M
- 9.93%
- YTD
- 16.98%
- 1Y
- 46.41%
- 3Y*
- 45.09%
- 5Y*
- 25.12%
- 10Y*
- 23.14%
- ALL TIME*
- 11.53%
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) |
|---|---|---|---|
| $2.08B | $2.11B | $2.25B | |
| $968.42M | $871.56M | $931.57M |
GS vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 16.98% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between GS and USO is -0.24, 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. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2006 | 0.19 |
The correlation between GS and USO shifts across timeframes, from -0.24 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GS vs. USO — Risk / Return Rank
GS
USO
GS vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) 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.
| GS | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.93 | +0.33 |
| Martin ratioReturn relative to average drawdown | 6.94 | 5.60 | +1.34 |
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Drawdowns
GS vs. USO - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for GS and USO.
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Drawdown Indicators
| GS | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -98.19% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -32.49% | +13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -32.49% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -36.23% | +3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -86.75% | +38.00% |
Current DrawdownCurrent decline from peak | -11.60% | -86.26% | +74.66% |
Average DrawdownAverage peak-to-trough decline | -22.57% | -75.38% | +52.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 12.03% | -5.73% |
Volatility
GS vs. USO - Volatility Comparison
The current volatility for The Goldman Sachs Group, Inc. (GS) is 14.38%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that GS 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
| GS | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 17.73% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 26.02% | 42.79% | -16.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.51% | 46.91% | -15.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.60% | 37.06% | -8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 39.29% | -9.23% |
Dividends
GS vs. USO - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.67%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.67% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GS and USO have a correlation of -0.24, 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 GS (14.38%). In terms of maximum drawdown, GS dropped -78.84% vs USO's -98.19%.
GS currently has the higher Sharpe Ratio (1.39 vs 1.34), 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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