LRGF vs. USO
LRGF (iShares MSCI USA Multifactor ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, LRGF returned 13.48%/yr vs 5.42%/yr for USO. Their 0.19 correlation means their historical movements had little consistent relationship. LRGF charges 0.20%/yr vs 0.86%/yr for USO.
Performance
LRGF vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LRGF achieves a 8.94% return, which is significantly lower than USO's 97.64% return. Over the past 10 years, LRGF has outperformed USO with an annualized return of 13.48%, while USO has yielded a comparatively lower 5.42% annualized return.
LRGF
- 1D
- 0.09%
- 1M
- 1.20%
- 6M
- 8.82%
- YTD
- 8.94%
- 1Y
- 15.34%
- 3Y*
- 19.41%
- 5Y*
- 13.20%
- 10Y*
- 13.48%
- ALL TIME*
- 12.23%
USO
- 1D
- -2.01%
- 1M
- 25.05%
- 6M
- 84.84%
- YTD
- 97.64%
- 1Y
- 82.62%
- 3Y*
- 24.31%
- 5Y*
- 22.54%
- 10Y*
- 5.42%
- ALL TIME*
- -6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.35M | $13.93M | $11.55M | |
| $1.02B | $802.47M | $996.79M |
LRGF vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LRGF iShares MSCI USA Multifactor ETF | 8.94% | 16.48% | 26.59% | 25.85% | -14.77% | 25.01% | 11.11% | 26.11% | -9.66% | 21.13% |
USO United States Oil Fund LP | 97.64% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between LRGF and USO is -0.27, 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. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015 | 0.19 |
The correlation between LRGF and USO shifts across timeframes, from -0.27 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LRGF vs. USO — Risk / Return Rank
LRGF
USO
LRGF vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.
| LRGF | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.46 | -0.69 |
| Martin ratioReturn relative to average drawdown | 6.95 | 6.41 | +0.55 |
Loading charts...
Drawdowns
LRGF vs. USO - Drawdown Comparison
The maximum LRGF drawdown since its inception was -36.03%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for LRGF and USO.
Loading charts...
Drawdown Indicators
| LRGF | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -98.19% | +62.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -32.49% | +23.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | -32.49% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -36.23% | +14.61% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | -86.75% | +50.72% |
Current DrawdownCurrent decline from peak | -2.11% | -85.46% | +83.35% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -75.37% | +70.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 12.47% | -10.19% |
Volatility
LRGF vs. USO - Volatility Comparison
The current volatility for iShares MSCI USA Multifactor ETF (LRGF) is 2.90%, while United States Oil Fund LP (USO) has a volatility of 13.60%. This indicates that LRGF 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.
Loading charts...
Volatility by Period
| LRGF | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 13.60% | -10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 41.19% | -31.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 45.56% | -32.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 36.67% | -19.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 39.13% | -20.85% |
LRGF vs. USO - Expense Ratio Comparison
LRGF has a 0.20% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
LRGF vs. USO - Dividend Comparison
LRGF's dividend yield for the trailing twelve months is around 1.09%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRGF iShares MSCI USA Multifactor ETF | 1.09% | 1.16% | 1.23% | 1.49% | 1.78% | 1.05% | 1.35% | 1.76% | 3.27% | 1.68% | 1.56% | 0.83% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LRGF and USO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (13.60%) compared to LRGF (2.90%). In terms of maximum drawdown, LRGF dropped -36.03% vs USO's -98.19%.
On 10-year performance, LRGF leads with 13.48% vs 5.42% for USO. On fees, LRGF is cheaper at 0.20% per year. On volatility, LRGF has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LRGF has performed better with a 13.48% return vs 5.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LRGF is cheaper with a 0.20% expense ratio, compared with 0.86% for USO.
LRGF has the higher dividend yield at 1.09%, compared with 0.00% for USO.
LRGF is categorized as Large Cap Blend Equities, while USO is Oil & Gas. LRGF tracks MSCI USA Diversified Multi-Factor, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: iShares and USCF. Their fees differ too: 0.20% for LRGF and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.76 vs 1.25), 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.
Find the right allocation for LRGF and USO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer