HOOW vs. USO

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. HOOW is actively managed, while USO is passively managed. At a correlation of -0.20, they often move in opposite directions. HOOW charges 0.99%/yr vs 0.86%/yr for USO.

Performance

HOOW vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOW achieves a -34.08% return, which is significantly lower than USO's 103.67% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 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%

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

HOOW vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
USO United States Oil Fund LP	103.67%	-15.94%

Correlation

The correlation between HOOW and USO is -0.20, 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 Jun 20, 2025	-0.20

Return for Risk

HOOW vs. USO — Risk / Return Rank

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

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 69
USO Sortino Ratio Rank: 60
USO Omega Ratio Rank: 61
USO Calmar Ratio Rank: 87
USO Martin Ratio Rank: 54

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.

HOOW vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

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

Sharpe Ratios by Period

	HOOW	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
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	-0.04	-0.18	+0.13

Drawdowns

HOOW vs. USO - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for HOOW and USO.

Drawdown Indicators

	HOOW	USO	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-98.19%	+32.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.39%	—
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 Drawdown Current decline from peak	-55.23%	-85.01%	+29.78%
Average Drawdown Average peak-to-trough decline	-29.13%	-75.30%	+46.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.82%	—

Volatility

Volatility by Period

	HOOW	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	44.20%	+39.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	36.06%	+47.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	39.00%	+44.86%

HOOW vs. USO - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is higher than USO's 0.86% expense ratio.

Dividends

HOOW vs. USO - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, while USO has not paid dividends to shareholders.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%
USO United States Oil Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOW and USO in my portfolio?

HOOW and USO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOW or USO?

On fees, USO is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOW or USO?

USO is cheaper with a 0.86% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 163.90%, compared with 0.00% for USO.

What is the main difference between HOOW and USO?

HOOW is categorized as Leveraged Equities, while USO is Oil & Gas. They also come from different issuers: Roundhill and USCF. Their fees differ too: 0.99% for HOOW and 0.86% for USO.