IDX vs. USO
IDX (VanEck Vectors Indonesia Index ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - IDX is a Asia Pacific Equities fund tracking the MVIS Indonesia Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, IDX returned -4.45%/yr vs 3.57%/yr for USO. At a 0.25 correlation, their price movements are largely independent. IDX charges 0.57%/yr vs 0.86%/yr for USO.
Performance
IDX vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, IDX achieves a -36.77% return, which is significantly lower than USO's 97.72% return. Over the past 10 years, IDX has underperformed USO with an annualized return of -4.45%, while USO has yielded a comparatively higher 3.57% annualized return.
IDX
- 1D
- -1.60%
- 1M
- -21.09%
- YTD
- -36.77%
- 6M
- -37.78%
- 1Y
- -27.09%
- 3Y*
- -14.02%
- 5Y*
- -9.23%
- 10Y*
- -4.45%
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%
IDX vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | -36.77% | 13.83% | -9.75% | 1.98% | -9.40% | -2.59% | -7.45% | 6.26% | -10.46% | 19.24% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between IDX and USO is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2009 | 0.25 |
The correlation between IDX and USO shifts across timeframes, from -0.22 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDX vs. USO — Risk / Return Rank
IDX
USO
IDX vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) 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.
| IDX | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.37 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 4.79 | -5.48 |
| Martin ratioReturn relative to average drawdown | -2.07 | 9.00 | -11.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDX | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 2.21 | -3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.66 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.09 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.18 | +0.32 |
Drawdowns
IDX vs. USO - Drawdown Comparison
The maximum IDX drawdown since its inception was -63.14%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for IDX and USO.
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Drawdown Indicators
| IDX | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -98.19% | +35.05% |
Max Drawdown (1Y)Largest decline over 1 year | -39.41% | -20.39% | -19.02% |
Max Drawdown (3Y)Largest decline over 3 years | -41.82% | -26.05% | -15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -46.77% | -36.23% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -86.75% | +27.64% |
Current DrawdownCurrent decline from peak | -57.11% | -85.45% | +28.34% |
Average DrawdownAverage peak-to-trough decline | -24.83% | -75.30% | +50.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.07% | 10.84% | +2.23% |
Volatility
IDX vs. USO - Volatility Comparison
The current volatility for VanEck Vectors Indonesia Index ETF (IDX) is 8.31%, while United States Oil Fund LP (USO) has a volatility of 14.97%. This indicates that IDX 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
| IDX | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 14.97% | -6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 22.03% | 38.35% | -16.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 44.32% | -19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 36.09% | -15.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.31% | 39.00% | -14.69% |
IDX vs. USO - Expense Ratio Comparison
IDX has a 0.57% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
IDX vs. USO - Dividend Comparison
IDX's dividend yield for the trailing twelve months is around 3.29%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | 3.29% | 2.08% | 4.01% | 3.62% | 3.64% | 1.08% | 1.66% | 2.21% | 2.19% | 1.85% | 1.16% | 2.43% |
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
IDX and USO have a correlation of -0.22, 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 IDX (8.31%). In terms of maximum drawdown, IDX dropped -63.14% vs USO's -98.19%.
On 10-year performance, USO leads with 3.57% vs -4.45% for IDX. On fees, IDX is cheaper at 0.57% per year. On volatility, IDX has been the lower-risk option at 8.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USO has performed better with a 3.57% return vs -4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDX is cheaper with a 0.57% expense ratio, compared with 0.86% for USO.
IDX has the higher dividend yield at 3.29%, compared with 0.00% for USO.
IDX is categorized as Asia Pacific Equities, while USO is Oil & Gas. IDX tracks MVIS Indonesia Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: VanEck and USCF. Their fees differ too: 0.57% for IDX and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.21 vs -1.08), 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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