HYIN vs. USO
HYIN (WisdomTree Alternative Income Fund) and USO (United States Oil Fund LP) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 5 years, HYIN returned -0.48%/yr vs 23.67%/yr for USO. At a 0.10 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.86%/yr for USO.
Performance
HYIN vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYIN achieves a -5.23% return, which is significantly lower than USO's 97.72% return.
HYIN
- 1D
- 1.27%
- 1M
- -3.56%
- YTD
- -5.23%
- 6M
- -5.97%
- 1Y
- -3.94%
- 3Y*
- 5.20%
- 5Y*
- -0.48%
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
HYIN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.23% | -0.46% | 7.39% | 21.84% | -21.14% | 3.08% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -4.94% | 28.97% | 22.40% |
Correlation
The correlation between HYIN and USO is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.10 |
The correlation between HYIN and USO shifts across timeframes, from -0.21 (1 year) to 0.10 (5 years), 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
HYIN vs. USO — Risk / Return Rank
HYIN
USO
HYIN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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.
| HYIN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 4.79 | -5.05 |
| Martin ratioReturn relative to average drawdown | -0.54 | 9.00 | -9.54 |
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
| HYIN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.21 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.66 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.18 | +0.18 |
Drawdowns
HYIN vs. USO - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for HYIN and USO.
Loading charts...
Drawdown Indicators
| HYIN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -98.19% | +67.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -20.39% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -26.05% | +10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -36.23% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -11.06% | -85.45% | +74.39% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -75.30% | +66.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 10.84% | -3.56% |
Volatility
HYIN vs. USO - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while United States Oil Fund LP (USO) has a volatility of 14.97%. This indicates that HYIN 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
| HYIN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 14.97% | -11.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 38.35% | -28.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 44.32% | -31.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 36.09% | -19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 39.00% | -22.19% |
HYIN vs. USO - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
HYIN vs. USO - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.27%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.27% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYIN and USO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.97%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs USO's -98.19%.
On 5-year performance, USO leads with 23.67% vs -0.48% for HYIN. On fees, USO is cheaper at 0.86% per year. On volatility, HYIN has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USO has performed better with a 23.67% return vs -0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.27%, compared with 0.00% for USO.
HYIN is categorized as Diversified Portfolio, while USO is Oil & Gas. HYIN tracks Gapstow Liquid Alternative Credit Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: WisdomTree and USCF. Their fees differ too: 3.20% for HYIN and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.21 vs -0.31), 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 HYIN 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