QRFT vs. USO
QRFT (QRAFT AI Enhanced U.S. Large Cap ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - QRFT is a Large Cap Growth Equities fund actively managed by Exchange Traded Concepts, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. QRFT is actively managed, while USO is passively managed. Over the past 5 years, QRFT returned 12.39%/yr vs 24.41%/yr for USO. At a 0.12 correlation, their price movements are largely independent. QRFT charges 0.75%/yr vs 0.86%/yr for USO.
Performance
QRFT vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, QRFT achieves a 12.60% return, which is significantly lower than USO's 103.67% return.
QRFT
- 1D
- -0.34%
- 1M
- 6.39%
- YTD
- 12.60%
- 6M
- 12.89%
- 1Y
- 28.98%
- 3Y*
- 21.65%
- 5Y*
- 12.39%
- 10Y*
- —
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
QRFT vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QRFT QRAFT AI Enhanced U.S. Large Cap ETF | 12.60% | 17.95% | 21.36% | 24.16% | -22.69% | 22.74% | 40.05% | 14.90% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | -2.44% |
Correlation
The correlation between QRFT and USO is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 22, 2019 | 0.12 |
The correlation between QRFT and USO shifts across timeframes, from -0.32 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QRFT vs. USO — Risk / Return Rank
QRFT
USO
QRFT vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) 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.
| QRFT | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 5.01 | -1.82 |
| Martin ratioReturn relative to average drawdown | 14.12 | 9.42 | +4.70 |
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
| QRFT | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.31 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.68 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | -0.18 | +1.03 |
Drawdowns
QRFT vs. USO - Drawdown Comparison
The maximum QRFT drawdown since its inception was -30.19%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for QRFT and USO.
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Drawdown Indicators
| QRFT | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -98.19% | +68.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -20.39% | +11.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -26.05% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.20% | -36.23% | +8.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -0.34% | -85.01% | +84.67% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -75.30% | +68.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 10.82% | -8.76% |
Volatility
QRFT vs. USO - Volatility Comparison
The current volatility for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) is 3.45%, while United States Oil Fund LP (USO) has a volatility of 14.87%. This indicates that QRFT 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
| QRFT | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 14.87% | -11.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 38.23% | -28.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 44.20% | -31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 36.06% | -18.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 39.00% | -18.90% |
QRFT vs. USO - Expense Ratio Comparison
QRFT has a 0.75% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
QRFT vs. USO - Dividend Comparison
QRFT's dividend yield for the trailing twelve months is around 0.25%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
QRFT QRAFT AI Enhanced U.S. Large Cap ETF | 0.25% | 0.27% | 0.52% | 0.77% | 0.83% | 0.05% | 1.81% | 4.00% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QRFT and USO have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.87%) compared to QRFT (3.45%). In terms of maximum drawdown, QRFT dropped -30.19% vs USO's -98.19%.
On 5-year performance, USO leads with 24.41% vs 12.39% for QRFT. On fees, QRFT is cheaper at 0.75% per year. On volatility, QRFT has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USO has performed better with a 24.41% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QRFT is cheaper with a 0.75% expense ratio, compared with 0.86% for USO.
QRFT has the higher dividend yield at 0.25%, compared with 0.00% for USO.
QRFT is categorized as Large Cap Growth Equities, while USO is Oil & Gas. They also come from different issuers: Exchange Traded Concepts and USCF. Their fees differ too: 0.75% for QRFT and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs 2.23), 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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