MXL vs. USO
MXL (MaxLinear, Inc.) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 10 years, MXL returned 12.05%/yr vs 5.64%/yr for USO. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
MXL vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, MXL achieves a 283.36% return, which is significantly higher than USO's 86.77% return. Over the past 10 years, MXL has outperformed USO with an annualized return of 12.05%, while USO has yielded a comparatively lower 5.64% annualized return.
MXL
- 1D
- -0.15%
- 1M
- -28.24%
- 6M
- 285.13%
- YTD
- 283.36%
- 1Y
- 339.32%
- 3Y*
- 39.70%
- 5Y*
- 6.74%
- 10Y*
- 12.05%
- ALL TIME*
- 8.37%
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) |
|---|---|---|---|
| $388.39M | $327.56M | $396.47M | |
| $968.42M | $871.56M | $931.57M |
MXL vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXL MaxLinear, Inc. | 283.36% | -11.88% | -16.79% | -29.99% | -54.97% | 97.41% | 79.97% | 20.57% | -33.38% | 21.19% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between MXL and USO is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2010 | 0.14 |
The correlation between MXL and USO shifts across timeframes, from -0.06 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MXL vs. USO — Risk / Return Rank
MXL
USO
MXL vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MaxLinear, Inc. (MXL) 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.
| MXL | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 1.93 | +3.95 |
| Martin ratioReturn relative to average drawdown | 21.35 | 5.60 | +15.76 |
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Drawdowns
MXL vs. USO - Drawdown Comparison
The maximum MXL drawdown since its inception was -88.13%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for MXL and USO.
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Drawdown Indicators
| MXL | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.13% | -98.19% | +10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -55.28% | -32.49% | -22.79% |
Max Drawdown (3Y)Largest decline over 3 years | -63.95% | -32.49% | -31.46% |
Max Drawdown (5Y)Largest decline over 5 years | -88.13% | -36.23% | -51.90% |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | -86.75% | -1.38% |
Current DrawdownCurrent decline from peak | -47.81% | -86.26% | +38.45% |
Average DrawdownAverage peak-to-trough decline | -44.87% | -75.38% | +30.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.20% | 12.03% | +3.17% |
Volatility
MXL vs. USO - Volatility Comparison
MaxLinear, Inc. (MXL) has a higher volatility of 47.11% compared to United States Oil Fund LP (USO) at 17.73%. This indicates that MXL's price experiences larger fluctuations and is considered to be riskier 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
| MXL | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.11% | 17.73% | +29.38% |
Volatility (6M)Calculated over the trailing 6-month period | 99.62% | 42.79% | +56.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.15% | 46.91% | +73.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.60% | 37.06% | +43.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.96% | 39.29% | +28.67% |
Dividends
MXL vs. USO - Dividend Comparison
Neither MXL nor USO has paid dividends to shareholders.
Frequently Asked Questions
MXL and USO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXL has higher volatility (47.11%) compared to USO (17.73%). In terms of maximum drawdown, MXL dropped -88.13% vs USO's -98.19%.
MXL currently has the higher Sharpe Ratio (2.71 vs 1.34), 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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