KDRN vs. USO
KDRN (Kingsbarn Tactical Bond ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - KDRN is a Intermediate Core-Plus Bond fund actively managed by Kingsbarn, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. KDRN is actively managed, while USO is passively managed. Over the past 3 years, KDRN returned 3.11%/yr vs 20.97%/yr for USO. Their -0.13 correlation means they have often moved in opposite directions in the past. KDRN charges 1.09%/yr vs 0.86%/yr for USO.
Performance
KDRN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, KDRN achieves a 0.78% return, which is significantly lower than USO's 86.77% return.
KDRN
- 1D
- -0.09%
- 1M
- -0.60%
- 6M
- 0.35%
- YTD
- 0.78%
- 1Y
- 2.32%
- 3Y*
- 3.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.74%
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) |
|---|---|---|---|
| $651.27 | $411.35 | $499.24 | |
| $968.42M | $871.56M | $931.57M |
KDRN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KDRN Kingsbarn Tactical Bond ETF | 0.78% | 4.65% | 1.30% | 10.06% | -12.05% | 0.06% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | 28.97% | 8.94% |
Correlation
The correlation between KDRN and USO is -0.33, 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. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2021 | -0.13 |
The correlation between KDRN and USO shifts across timeframes, from -0.33 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KDRN vs. USO — Risk / Return Rank
KDRN
USO
KDRN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Tactical Bond ETF (KDRN) 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.
| KDRN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.93 | -0.63 |
| Martin ratioReturn relative to average drawdown | 2.40 | 5.60 | -3.19 |
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Drawdowns
KDRN vs. USO - Drawdown Comparison
The maximum KDRN drawdown since its inception was -15.29%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for KDRN and USO.
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Drawdown Indicators
| KDRN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.29% | -98.19% | +82.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -32.49% | +30.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.63% | -32.49% | +27.86% |
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 | -1.24% | -86.26% | +85.02% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -75.38% | +70.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 12.03% | -11.08% |
Volatility
KDRN vs. USO - Volatility Comparison
The current volatility for Kingsbarn Tactical Bond ETF (KDRN) is 0.55%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that KDRN 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
| KDRN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 17.73% | -17.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 42.79% | -40.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 46.91% | -43.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 37.06% | -30.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.50% | 39.29% | -32.79% |
KDRN vs. USO - Expense Ratio Comparison
KDRN has a 1.09% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
KDRN vs. USO - Dividend Comparison
KDRN's dividend yield for the trailing twelve months is around 3.35%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KDRN Kingsbarn Tactical Bond ETF | 3.35% | 2.54% | 2.83% | 2.84% | 2.11% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KDRN and USO have a correlation of -0.33, 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 KDRN (0.55%). In terms of maximum drawdown, KDRN dropped -15.29% vs USO's -98.19%.
On 3-year performance, USO leads with 20.97% vs 3.11% for KDRN. On fees, USO is cheaper at 0.86% per year. On volatility, KDRN has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 20.97% return vs 3.11%. 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 1.09% for KDRN.
KDRN has the higher dividend yield at 3.35%, compared with 0.00% for USO.
KDRN is categorized as Intermediate Core-Plus Bond, while USO is Oil & Gas. They also come from different issuers: Kingsbarn and USCF. Their fees differ too: 1.09% for KDRN and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs 0.68), 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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