IBIK vs. USO
IBIK (iShares iBonds Oct 2034 Term TIPS ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - IBIK is a Inflation-Protected Bonds fund tracking the iBonds Oct 2034 Term TIPS Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past year, IBIK returned 2.20% vs 66.76% for USO. Their -0.13 correlation means they have often moved in opposite directions in the past. IBIK charges 0.10%/yr vs 0.86%/yr for USO.
Performance
IBIK vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIK achieves a 0.45% return, which is significantly lower than USO's 86.77% return.
IBIK
- 1D
- -0.28%
- 1M
- -0.64%
- 6M
- 0.02%
- YTD
- 0.45%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.92%
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) |
|---|---|---|---|
| $284.03K | $301.23K | $320.91K | |
| $968.42M | $871.56M | $931.57M |
IBIK vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 0.45% | 8.78% | 1.63% |
USO United States Oil Fund LP | 86.77% | -8.46% | 1.48% |
Correlation
The correlation between IBIK and USO is -0.23, 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. | -0.23 |
Correlation (All Time) Calculated using the full available price history since May 24, 2024 | -0.13 |
The correlation between IBIK and USO shifts across timeframes, from -0.23 (1 year) to -0.13 (all time), 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
IBIK vs. USO — Risk / Return Rank
IBIK
USO
IBIK vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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.
| IBIK | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.93 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.66 | 5.60 | -1.93 |
Loading charts...
Drawdowns
IBIK vs. USO - Drawdown Comparison
The maximum IBIK drawdown since its inception was -5.59%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for IBIK and USO.
Loading charts...
Drawdown Indicators
| IBIK | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.59% | -98.19% | +92.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -32.49% | +29.99% |
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 DrawdownCurrent decline from peak | -1.63% | -86.26% | +84.63% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -75.38% | +74.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 12.03% | -11.18% |
Volatility
IBIK vs. USO - Volatility Comparison
The current volatility for iShares iBonds Oct 2034 Term TIPS ETF (IBIK) is 0.91%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that IBIK 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
| IBIK | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 17.73% | -16.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 42.79% | -39.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 46.91% | -42.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 37.06% | -31.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 39.29% | -34.01% |
IBIK vs. USO - Expense Ratio Comparison
IBIK has a 0.10% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
IBIK vs. USO - Dividend Comparison
IBIK's dividend yield for the trailing twelve months is around 5.61%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 5.61% | 4.43% | 2.67% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIK and USO have a correlation of -0.23, 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 IBIK (0.91%). In terms of maximum drawdown, IBIK dropped -5.59% vs USO's -98.19%.
On 1-year performance, USO leads with 66.76% vs 2.20% for IBIK. On fees, IBIK is cheaper at 0.10% per year. On volatility, IBIK has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USO has performed better with a 66.76% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIK is cheaper with a 0.10% expense ratio, compared with 0.86% for USO.
IBIK has the higher dividend yield at 5.61%, compared with 0.00% for USO.
IBIK is categorized as Inflation-Protected Bonds, while USO is Oil & Gas. IBIK tracks iBonds Oct 2034 Term TIPS Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: iShares and USCF. Their fees differ too: 0.10% for IBIK and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs 0.75), 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 IBIK 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