KSTR vs. USO
KSTR (KraneShares SSE STAR Market 50 Index ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 5 years, KSTR returned -0.07%/yr vs 23.92%/yr for USO. At a 0.04 correlation, their price movements are largely independent. KSTR charges 0.89%/yr vs 0.86%/yr for USO.
Performance
KSTR vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR achieves a 31.11% return, which is significantly lower than USO's 98.48% return.
KSTR
- 1D
- 2.65%
- 1M
- 4.77%
- YTD
- 31.11%
- 6M
- 35.86%
- 1Y
- 82.70%
- 3Y*
- 15.82%
- 5Y*
- -0.07%
- 10Y*
- —
USO
- 1D
- 1.31%
- 1M
- -3.87%
- YTD
- 98.48%
- 6M
- 95.54%
- 1Y
- 97.37%
- 3Y*
- 28.86%
- 5Y*
- 23.92%
- 10Y*
- 3.80%
KSTR vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 31.11% | 42.82% | 6.12% | -17.93% | -38.51% | -1.70% |
USO United States Oil Fund LP | 98.48% | -8.46% | 13.35% | -4.94% | 28.97% | 53.13% |
Correlation
The correlation between KSTR and USO is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | 0.04 |
The correlation between KSTR and USO shifts across timeframes, from -0.14 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KSTR vs. USO — Risk / Return Rank
KSTR
USO
KSTR vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) 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.
| KSTR | USO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.34 | 2.22 | +0.13 |
Sortino ratioReturn per unit of downside risk | 2.99 | 2.81 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 4.71 | 5.12 | -0.41 |
Martin ratioReturn relative to average drawdown | 12.00 | 9.66 | +2.34 |
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
| KSTR | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.22 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.67 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.18 | +0.17 |
Drawdowns
KSTR vs. USO - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for KSTR and USO.
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Drawdown Indicators
| KSTR | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.46% | -98.19% | +31.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -20.39% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -41.55% | -26.05% | -15.50% |
Max Drawdown (5Y)Largest decline over 5 years | -66.46% | -36.23% | -30.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -12.20% | -85.39% | +73.19% |
Average DrawdownAverage peak-to-trough decline | -38.79% | -75.30% | +36.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 10.81% | -3.86% |
Volatility
KSTR vs. USO - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) and United States Oil Fund LP (USO) have volatilities of 15.14% and 15.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSTR | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 15.03% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 26.19% | 38.18% | -11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.46% | 44.26% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.31% | 36.04% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 39.00% | -1.31% |
KSTR vs. USO - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
KSTR vs. USO - Dividend Comparison
Neither KSTR nor USO has paid dividends to shareholders.
Frequently Asked Questions
KSTR and USO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSTR has higher volatility (15.14%) compared to USO (15.03%). In terms of maximum drawdown, KSTR dropped -66.46% vs USO's -98.19%.
On 5-year performance, USO leads with 23.92% vs -0.07% for KSTR. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 15.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USO has performed better with a 23.92% return vs -0.07%. 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 0.89% for KSTR.
KSTR and USO have nearly identical dividend yields, around 0.00%.
KSTR is categorized as China Equities, while USO is Oil & Gas. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: KraneShares and USCF. Their fees differ too: 0.89% for KSTR and 0.86% for USO.
KSTR currently has the higher Sharpe Ratio (2.34 vs 2.22), 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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