LCLG vs. USO

Last updated Jun 25, 2026

LCLG (Logan Capital Broad Innovative Growth ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - LCLG is a Large Cap Growth Equities fund actively managed by Logan, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. LCLG is actively managed, while USO is passively managed. Over the past 3 years, LCLG returned 28.01%/yr vs 19.41%/yr for USO. At a 0.02 correlation, their price movements are largely independent. LCLG charges 0.99%/yr vs 0.86%/yr for USO.

Performance

LCLG vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Logan Capital Broad Innovative Growth ETF (LCLG) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCLG achieves a 16.37% return, which is significantly lower than USO's 53.69% return.

LCLG

• 1D: 0.17%
• 1M: 4.33%
• YTD: 16.37%
• 6M: 13.84%
• 1Y: 33.78%
• 3Y*: 28.01%
• 5Y*: —
• 10Y*: —

USO

• 1D: -4.47%
• 1M: -24.57%
• YTD: 53.69%
• 6M: 51.41%
• 1Y: 45.60%
• 3Y*: 19.41%
• 5Y*: 16.16%
• 10Y*: 1.54%

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

LCLG vs. USO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LCLG Logan Capital Broad Innovative Growth ETF	16.37%	18.15%	32.04%	35.45%	-8.62%
USO United States Oil Fund LP	53.69%	-8.46%	13.35%	-4.94%	-2.00%

Correlation

The correlation between LCLG and USO is -0.25, 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	-0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.02

The correlation between LCLG and USO shifts across timeframes, from -0.25 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCLG vs. USO — Risk / Return Rank

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

LCLG

LCLG Risk / Return Rank: 58
LCLG Sharpe Ratio Rank: 60
LCLG Sortino Ratio Rank: 56
LCLG Omega Ratio Rank: 55
LCLG Calmar Ratio Rank: 57
LCLG Martin Ratio Rank: 63

USO

USO Risk / Return Rank: 33
USO Sharpe Ratio Rank: 31
USO Sortino Ratio Rank: 34
USO Omega Ratio Rank: 33
USO Calmar Ratio Rank: 32
USO Martin Ratio Rank: 32

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.

LCLG vs. USO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Logan Capital Broad Innovative Growth ETF (LCLG) 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.

	LCLG	USO	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.05	+0.69
Sortino ratio: Return per unit of downside risk	2.35	1.68	+0.67
Omega ratio: Gain probability vs. loss probability	1.30	1.21	+0.09
Calmar ratio: Return relative to maximum drawdown	2.47	1.50	+0.97
Martin ratio: Return relative to average drawdown	9.83	4.49	+5.34

LCLG vs. USO - Sharpe Ratio Comparison

The current LCLG Sharpe Ratio is 1.74, which is higher than the USO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of LCLG and USO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCLG vs. USO - Drawdown Comparison

The maximum LCLG drawdown since its inception was -25.79%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for LCLG and USO.

Drawdown Indicators

	LCLG	USO	Difference
Max Drawdown Largest peak-to-trough decline	-25.79%	-98.19%	+72.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-30.51%	+16.76%
Max Drawdown (3Y) Largest decline over 3 years	-25.79%	-30.51%	+4.72%
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	-2.60%	-88.69%	+86.09%
Average Drawdown Average peak-to-trough decline	-4.45%	-75.32%	+70.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	10.18%	-6.73%

Volatility

LCLG vs. USO - Volatility Comparison

The current volatility for Logan Capital Broad Innovative Growth ETF (LCLG) is 8.00%, while United States Oil Fund LP (USO) has a volatility of 12.26%. This indicates that LCLG 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.

Volatility by Period

	LCLG	USO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	12.26%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	39.65%	-23.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	43.82%	-24.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.74%	36.38%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	39.04%	-17.30%

LCLG vs. USO - Expense Ratio Comparison

LCLG has a 0.99% expense ratio, which is higher than USO's 0.86% expense ratio.

Dividends

LCLG vs. USO - Dividend Comparison

Neither LCLG nor USO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
LCLG Logan Capital Broad Innovative Growth ETF	0.00%	0.00%	0.06%	0.97%	2.03%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCLG and USO in my portfolio?

LCLG and USO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCLG or USO?

USO has higher volatility (12.26%) compared to LCLG (8.00%). In terms of maximum drawdown, LCLG dropped -25.79% vs USO's -98.19%.

Which ETF is better, LCLG or USO?

On 3-year performance, LCLG leads with 28.01% vs 19.41% for USO. On fees, USO is cheaper at 0.86% per year. On volatility, LCLG has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCLG or USO?

Over the 3-year period, LCLG has performed better with a 28.01% return vs 19.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCLG or USO?

USO is cheaper with a 0.86% expense ratio, compared with 0.99% for LCLG.

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

LCLG and USO have nearly identical dividend yields, around 0.00%.

What is the main difference between LCLG and USO?

LCLG is categorized as Large Cap Growth Equities, while USO is Oil & Gas. They also come from different issuers: Logan and USCF. Their fees differ too: 0.99% for LCLG and 0.86% for USO.

Which has better risk-adjusted returns?

LCLG currently has the higher Sharpe Ratio (1.74 vs 1.05), 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.