NDIA vs. USO
NDIA (Global X Funds - Global X India Active ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - NDIA is a India Equities fund actively managed by Global X, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. NDIA is actively managed, while USO is passively managed. Over the past year, NDIA returned -4.87% vs 66.76% for USO. Their -0.12 correlation means they have often moved in opposite directions in the past. NDIA charges 0.76%/yr vs 0.86%/yr for USO.
Performance
NDIA vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NDIA achieves a -7.78% return, which is significantly lower than USO's 86.77% return.
NDIA
- 1D
- -0.04%
- 1M
- 0.67%
- 6M
- -4.20%
- YTD
- -7.78%
- 1Y
- -4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.01%
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) |
|---|---|---|---|
| $55.71K | $86.05K | $392.94K | |
| $968.42M | $871.56M | $931.57M |
NDIA vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -7.78% | 5.04% | 5.75% | 12.76% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -7.40% |
Correlation
The correlation between NDIA and USO is -0.39, 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. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023 | -0.13 |
Over the past year, the inverse relationship between NDIA and USO has strengthened: their correlation has moved from -0.12 to -0.39, meaning they now move in opposite directions more often than their long-term average.
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
NDIA vs. USO — Risk / Return Rank
NDIA
USO
NDIA vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) 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.
| NDIA | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.93 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.65 | 5.60 | -6.24 |
Loading charts...
Drawdowns
NDIA vs. USO - Drawdown Comparison
The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for NDIA and USO.
Loading charts...
Drawdown Indicators
| NDIA | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -98.19% | +76.14% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -32.49% | +15.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -14.49% | -86.26% | +71.77% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -75.38% | +67.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 12.03% | -4.57% |
Volatility
NDIA vs. USO - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 4.57%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that NDIA 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
| NDIA | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 17.73% | -13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 42.79% | -28.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.27% | 46.91% | -30.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 37.06% | -21.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 39.29% | -23.68% |
NDIA vs. USO - Expense Ratio Comparison
NDIA has a 0.76% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
NDIA vs. USO - Dividend Comparison
NDIA's dividend yield for the trailing twelve months is around 1.19%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | 1.19% | 1.10% | 3.66% | 0.28% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NDIA and USO have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (17.73%) compared to NDIA (4.57%). In terms of maximum drawdown, NDIA dropped -22.05% vs USO's -98.19%.
On 1-year performance, USO leads with 66.76% vs -4.87% for NDIA. On fees, NDIA is cheaper at 0.76% per year. On volatility, NDIA has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USO has performed better with a 66.76% return vs -4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NDIA is cheaper with a 0.76% expense ratio, compared with 0.86% for USO.
NDIA has the higher dividend yield at 1.19%, compared with 0.00% for USO.
NDIA is categorized as India Equities, while USO is Oil & Gas. They also come from different issuers: Global X and USCF. Their fees differ too: 0.76% for NDIA and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs -0.30), 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 NDIA 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