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 Asia Pacific 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 -11.02% vs 97.20% for USO. At a correlation of -0.09, they often move in opposite directions. NDIA charges 0.76%/yr vs 0.86%/yr for USO.
Performance
NDIA vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA achieves a -11.91% return, which is significantly lower than USO's 97.72% return.
NDIA
- 1D
- 0.99%
- 1M
- -3.15%
- YTD
- -11.91%
- 6M
- -11.20%
- 1Y
- -11.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
NDIA vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | -11.91% | 5.04% | 5.75% | 12.71% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -8.44% |
Correlation
The correlation between NDIA and USO is -0.33, 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 | -0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023 | -0.09 |
Over the past year, the inverse relationship between NDIA and USO has strengthened: their correlation has moved from -0.09 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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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.
| NDIA | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.37 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 4.79 | -5.41 |
| Martin ratioReturn relative to average drawdown | -1.53 | 9.00 | -10.53 |
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
| NDIA | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 2.21 | -2.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.18 | +0.41 |
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.
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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 | -18.03% | -20.39% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.05% | — |
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 | -18.31% | -85.45% | +67.14% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -75.30% | +68.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 10.84% | -3.62% |
Volatility
NDIA vs. USO - Volatility Comparison
The current volatility for Global X Funds - Global X India Active ETF (NDIA) is 6.23%, while United States Oil Fund LP (USO) has a volatility of 14.97%. 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.
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Volatility by Period
| NDIA | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 14.97% | -8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 38.35% | -24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 44.32% | -28.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 36.09% | -20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 39.00% | -23.37% |
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 1.25%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NDIA Global X Funds - Global X India Active ETF | 1.25% | 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 -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.97%) compared to NDIA (6.23%). In terms of maximum drawdown, NDIA dropped -22.05% vs USO's -98.19%.
On 1-year performance, USO leads with 97.20% vs -11.02% for NDIA. On fees, NDIA is cheaper at 0.76% per year. On volatility, NDIA has been the lower-risk option at 6.23%. 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 97.20% return vs -11.02%. 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 1.25%, compared with 0.00% for USO.
NDIA is categorized as Asia Pacific 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 (2.21 vs -0.70), 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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