INDH vs. USO
INDH (WisdomTree India Hedged Equity Fund) and USO (United States Oil Fund LP) are both exchange-traded funds - INDH is a Asia Pacific 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 -4.33% vs 101.55% for USO. At a correlation of -0.11, they often move in opposite directions. 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 -8.93% return, which is significantly lower than USO's 103.67% return.
INDH
- 1D
- -0.91%
- 1M
- -2.65%
- YTD
- -8.93%
- 6M
- -8.40%
- 1Y
- -4.33%
- 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%
INDH vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INDH WisdomTree India Hedged Equity Fund | -8.93% | 6.76% | 5.05% |
USO United States Oil Fund LP | 103.67% | -8.46% | -1.27% |
Correlation
The correlation between INDH and USO is -0.31, 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since May 10, 2024 | -0.11 |
Over the past year, the inverse relationship between INDH and USO has strengthened: their correlation has moved from -0.11 to -0.31, 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.
| INDH | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 5.01 | -5.34 |
| Martin ratioReturn relative to average drawdown | -0.93 | 9.42 | -10.35 |
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
| INDH | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 2.31 | -2.65 |
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 | 0.07 | -0.18 | +0.25 |
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% | -20.39% | +7.45% |
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 DrawdownCurrent decline from peak | -10.96% | -85.01% | +74.05% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -75.30% | +69.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 10.82% | -6.14% |
Volatility
INDH vs. USO - Volatility Comparison
The current volatility for WisdomTree India Hedged Equity Fund (INDH) is 4.02%, while United States Oil Fund LP (USO) has a volatility of 14.87%. 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 | 4.02% | 14.87% | -10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.50% | 38.23% | -26.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 44.20% | -31.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 36.06% | -21.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 39.00% | -24.57% |
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 5.77%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
INDH WisdomTree India Hedged Equity Fund | 5.77% | 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.87%) compared to INDH (4.02%). In terms of maximum drawdown, INDH dropped -15.05% vs USO's -98.19%.
On 1-year performance, USO leads with 101.55% vs -4.33% for INDH. On fees, INDH is cheaper at 0.64% per year. On volatility, INDH has been the lower-risk option at 4.02%. 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 101.55% return vs -4.33%. 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 5.77%, compared with 0.00% for USO.
INDH is categorized as Asia Pacific 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 (2.31 vs -0.34), 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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