KLXY vs. USO

Last updated Jun 5, 2026

KLXY (Kraneshares Global Luxury Index ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. KLXY charges 0.69%/yr vs 0.86%/yr for USO.

Performance

KLXY vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kraneshares Global Luxury Index ETF (KLXY) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLXY vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%
USO United States Oil Fund LP	97.72%	-8.46%	13.35%	-14.50%

Correlation

The correlation between KLXY and USO is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	-0.02

Return for Risk

KLXY vs. USO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 68
USO Sortino Ratio Rank: 61
USO Omega Ratio Rank: 62
USO Calmar Ratio Rank: 86
USO Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLXY vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraneshares Global Luxury Index ETF (KLXY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KLXY	USO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.18	—

Drawdowns

Drawdown Indicators

	KLXY	USO	Difference
Max Drawdown Largest peak-to-trough decline	—	-98.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.39%	—
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 Drawdown Current decline from peak	—	-85.45%	—
Average Drawdown Average peak-to-trough decline	—	-75.30%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.84%	—

Volatility

Volatility by Period

	KLXY	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.00%	—

KLXY vs. USO - Expense Ratio Comparison

KLXY has a 0.69% expense ratio, which is lower than USO's 0.86% expense ratio.

Dividends

KLXY vs. USO - Dividend Comparison

KLXY's dividend yield for the trailing twelve months is around 0.85%, while USO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLXY and USO in my portfolio?

KLXY and USO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLXY or USO?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLXY or USO?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.86% for USO.

Which ETF pays a higher dividend yield, KLXY or USO?

KLXY has the higher dividend yield at 0.85%, compared with 0.00% for USO.

What is the main difference between KLXY and USO?

KLXY is categorized as Consumer Discretionary Equities, while USO is Oil & Gas. KLXY tracks Solactive Global Luxury Index - Benchmark TR Net, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: KraneShares and USCF. Their fees differ too: 0.69% for KLXY and 0.86% for USO.