RDVI vs. USL

Last updated Jun 4, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. Both are passively managed. Over the past 3 years, RDVI returned 18.62%/yr vs 18.42%/yr for USL. At a 0.13 correlation, their price movements are largely independent. RDVI charges 0.75%/yr vs 0.88%/yr for USL.

Performance

RDVI vs. USL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and United States 12 Month Oil Fund LP (USL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVI achieves a 9.43% return, which is significantly lower than USL's 63.07% return.

RDVI

• 1D: 0.07%
• 1M: 2.77%
• YTD: 9.43%
• 6M: 10.61%
• 1Y: 24.98%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

USL

• 1D: 1.55%
• 1M: -1.61%
• YTD: 63.07%
• 6M: 59.66%
• 1Y: 57.86%
• 3Y*: 18.42%
• 5Y*: 17.41%
• 10Y*: 10.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDVI vs. USL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	9.43%	17.93%	14.56%	18.63%	9.91%
USL United States 12 Month Oil Fund LP	63.07%	-12.37%	8.30%	-1.11%	1.71%

Correlation

The correlation between RDVI and USL is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.13

The correlation between RDVI and USL shifts across timeframes, from -0.27 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

RDVI vs. USL - Sectors Allocation Comparison

Sectors	RDVI	USL
Financial Services	36.5%	4.5%
Technology	17.6%	-
Consumer Cyclical	12.2%	-
Industrials	12.2%	-
Healthcare	8.1%	-
Communication Services	5.4%	-
Consumer Defensive	4.1%	-
Energy	1.4%	-
Utilities	1.4%	-
Basic Materials	-	-
Real Estate	-	-

Return for Risk

RDVI vs. USL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDVI

RDVI Risk / Return Rank: 58
RDVI Sharpe Ratio Rank: 55
RDVI Sortino Ratio Rank: 57
RDVI Omega Ratio Rank: 54
RDVI Calmar Ratio Rank: 59
RDVI Martin Ratio Rank: 67

USL

USL Risk / Return Rank: 56
USL Sharpe Ratio Rank: 59
USL Sortino Ratio Rank: 53
USL Omega Ratio Rank: 54
USL Calmar Ratio Rank: 69
USL Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDVI vs. USL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and United States 12 Month Oil Fund LP (USL). 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.

	RDVI	USL	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.04	-0.15
Sortino ratio: Return per unit of downside risk	2.74	2.58	+0.16
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.96	3.47	-0.51
Martin ratio: Return relative to average drawdown	12.48	7.02	+5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. USL - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 1.89, which is comparable to the USL Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of RDVI and USL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDVI	USL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.04	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.01	+1.18

Drawdowns

RDVI vs. USL - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for RDVI and USL.

Drawdown Indicators

	RDVI	USL	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-89.06%	+70.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-16.76%	+8.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-23.33%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.02%	—
Current Drawdown Current decline from peak	-0.43%	-38.16%	+37.73%
Average Drawdown Average peak-to-trough decline	-3.17%	-61.46%	+58.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	8.27%	-6.26%

Volatility

RDVI vs. USL - Volatility Comparison

The current volatility for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is 3.66%, while United States 12 Month Oil Fund LP (USL) has a volatility of 10.53%. This indicates that RDVI experiences smaller price fluctuations and is considered to be less risky than USL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVI	USL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	10.53%	-6.87%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	23.33%	-12.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	28.54%	-15.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	30.08%	-13.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	32.35%	-15.44%

RDVI vs. USL - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is lower than USL's 0.88% expense ratio.

Dividends

RDVI vs. USL - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.94%, while USL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%
USL United States 12 Month Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVI and USL in my portfolio?

RDVI and USL 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.

Which is riskier, RDVI or USL?

USL has higher volatility (10.53%) compared to RDVI (3.66%). In terms of maximum drawdown, RDVI dropped -18.35% vs USL's -89.06%.

Which ETF is better, RDVI or USL?

On 3-year performance, RDVI leads with 18.62% vs 18.42% for USL. On fees, RDVI is cheaper at 0.75% per year. On volatility, RDVI has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or USL?

Over the 3-year period, RDVI has performed better with a 18.62% return vs 18.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or USL?

RDVI is cheaper with a 0.75% expense ratio, compared with 0.88% for USL.

Which ETF pays a higher dividend yield, RDVI or USL?

RDVI has the higher dividend yield at 7.94%, compared with 0.00% for USL.

What is the main difference between RDVI and USL?

RDVI is categorized as Derivative Income, while USL is Oil & Gas. RDVI tracks NASDAQ US Rising Dividend Achievers, while USL tracks 12 Month Light Sweet Crude Oil. They also come from different issuers: FT Vest and Concierge Technologies. Their fees differ too: 0.75% for RDVI and 0.88% for USL.

Which has better risk-adjusted returns?

USL currently has the higher Sharpe Ratio (2.04 vs 1.89), 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.