INDH vs. USO
INDH (WisdomTree India Hedged Equity Fund) and USO (United States Oil Fund LP) are both exchange-traded funds - INDH is a India Equities fund tracking the WisdomTree India Hedged Equity Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past year, INDH returned -2.60% vs 66.76% for USO. Their -0.15 correlation means they have often moved in opposite directions in the past. INDH charges 0.64%/yr vs 0.86%/yr for USO.
Performance
INDH vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, INDH achieves a -6.93% return, which is significantly lower than USO's 86.77% return.
INDH
- 1D
- -0.39%
- 1M
- -0.07%
- 6M
- -4.34%
- YTD
- -6.93%
- 1Y
- -2.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.94%
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) |
|---|---|---|---|
| $20.02K | $17.53K | $22.76K | |
| $968.42M | $871.56M | $931.57M |
INDH vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INDH WisdomTree India Hedged Equity Fund | -6.93% | 6.76% | 5.03% |
USO United States Oil Fund LP | 86.77% | -8.46% | -0.74% |
Correlation
The correlation between INDH and USO is -0.38, 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. | -0.38 |
Correlation (All Time) Calculated using the full available price history since May 9, 2024 | -0.15 |
Over the past year, the inverse relationship between INDH and USO has strengthened: their correlation has moved from -0.15 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
INDH vs. USO — Risk / Return Rank
INDH
USO
INDH vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Hedged Equity Fund (INDH) 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.
| INDH | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.93 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.46 | 5.60 | -6.06 |
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Drawdowns
INDH vs. USO - Drawdown Comparison
The maximum INDH drawdown since its inception was -15.05%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for INDH and USO.
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Drawdown Indicators
| INDH | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.05% | -98.19% | +83.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -32.49% | +19.55% |
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 | -9.00% | -86.26% | +77.26% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -75.38% | +69.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 12.03% | -6.40% |
Volatility
INDH vs. USO - Volatility Comparison
The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 3.20%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that INDH 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
| INDH | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 17.73% | -14.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 42.79% | -30.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 46.91% | -33.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 37.06% | -22.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 39.29% | -25.05% |
INDH vs. USO - Expense Ratio Comparison
INDH has a 0.64% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
INDH vs. USO - Dividend Comparison
INDH's dividend yield for the trailing twelve months is around 5.64%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
INDH WisdomTree India Hedged Equity Fund | 5.64% | 5.25% | 0.31% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INDH and USO have a correlation of -0.38, 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 INDH (3.20%). In terms of maximum drawdown, INDH dropped -15.05% vs USO's -98.19%.
On 1-year performance, USO leads with 66.76% vs -2.60% for INDH. On fees, INDH is cheaper at 0.64% per year. On volatility, INDH has been the lower-risk option at 3.20%. 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 -2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INDH is cheaper with a 0.64% expense ratio, compared with 0.86% for USO.
INDH has the higher dividend yield at 5.64%, compared with 0.00% for USO.
INDH is categorized as India Equities, while USO is Oil & Gas. INDH tracks WisdomTree India Hedged Equity Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: WisdomTree and USCF. Their fees differ too: 0.64% for INDH and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs -0.20), 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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