GSIG vs. USO

Last updated Aug 2, 2026

GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Their -0.10 correlation means they have often moved in opposite directions in the past. GSIG charges 0.14%/yr vs 0.86%/yr for USO.

Performance

GSIG vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSIG

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
USO United States Oil Fund LP	$968.42M	$871.56M	$931.57M

GSIG vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	0.68%	6.69%	4.72%	6.06%	-5.80%	-0.81%	1.59%
USO United States Oil Fund LP	86.77%	-8.46%	13.35%	-4.94%	28.97%	64.68%	13.13%

Correlation

The correlation between GSIG and USO is -0.35, 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.	-0.35
Correlation (3Y) Balances recent behavior with more history.	-0.20
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.11
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020	-0.10

Over the past year, the inverse relationship between GSIG and USO has strengthened: their correlation has moved from -0.10 to -0.35, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

GSIG vs. USO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSIG

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

USO

USO Risk / Return Rank: 55
USO Sharpe Ratio Rank: 56
USO Sortino Ratio Rank: 59
USO Omega Ratio Rank: 57
USO Calmar Ratio Rank: 55
USO Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSIG vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) 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.

	GSIG	USO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.93	—
Martin ratio: Return relative to average drawdown	—	5.60	—

Drawdowns

Drawdown Indicators

	GSIG	USO	Difference
Max Drawdown Largest peak-to-trough decline	—	-98.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-32.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.75%	—
Current Drawdown Current decline from peak	—	-86.26%	—
Average Drawdown Average peak-to-trough decline	—	-75.38%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.03%	—

Volatility

Volatility by Period

	GSIG	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	46.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	37.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.29%	—

GSIG vs. USO - Expense Ratio Comparison

GSIG has a 0.14% expense ratio, which is lower than USO's 0.86% expense ratio.

Dividends

GSIG vs. USO - Dividend Comparison

GSIG's dividend yield for the trailing twelve months is around 4.00%, while USO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	3.60%	4.61%	4.59%	3.51%	2.21%	1.04%	0.45%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSIG and USO in my portfolio?

GSIG and USO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSIG or USO?

On fees, GSIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSIG or USO?

GSIG is cheaper with a 0.14% expense ratio, compared with 0.86% for USO.

Which ETF pays a higher dividend yield, GSIG or USO?

GSIG has the higher dividend yield at 3.60%, compared with 0.00% for USO.

What is the main difference between GSIG and USO?

GSIG is categorized as Corporate Bonds, while USO is Oil & Gas. GSIG tracks FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Goldman Sachs and USCF. Their fees differ too: 0.14% for GSIG and 0.86% for USO.