RSPR vs. USO
RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - RSPR is a REIT fund tracking the S&P 500 Equal Weighted / Real Estate - SEC, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, RSPR returned 5.63%/yr vs 5.64%/yr for USO. Their 0.07 correlation means their historical movements had little consistent relationship. RSPR charges 0.40%/yr vs 0.86%/yr for USO.
Performance
RSPR vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, RSPR achieves a 12.19% return, which is significantly lower than USO's 86.77% return. Both investments have delivered pretty close results over the past 10 years, with RSPR having a 5.63% annualized return and USO not far ahead at 5.64%.
RSPR
- 1D
- -0.04%
- 1M
- 0.06%
- 6M
- 9.67%
- YTD
- 12.19%
- 1Y
- 10.49%
- 3Y*
- 8.06%
- 5Y*
- 2.39%
- 10Y*
- 5.63%
- ALL TIME*
- 6.62%
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) |
|---|---|---|---|
| $510.77K | $450.22K | $625.86K | |
| $968.42M | $871.56M | $931.57M |
RSPR vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 12.19% | -1.88% | 8.61% | 11.59% | -25.16% | 49.61% | -2.90% | 24.62% | -4.11% | 8.76% |
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 RSPR and USO is -0.19, 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. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.07 |
The correlation between RSPR and USO shifts across timeframes, from -0.19 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPR vs. USO — Risk / Return Rank
RSPR
USO
RSPR vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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.
| RSPR | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.93 | -0.77 |
| Martin ratioReturn relative to average drawdown | 2.94 | 5.60 | -2.65 |
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Drawdowns
RSPR vs. USO - Drawdown Comparison
The maximum RSPR drawdown since its inception was -41.96%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for RSPR and USO.
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Drawdown Indicators
| RSPR | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.96% | -98.19% | +56.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -32.49% | +23.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -32.49% | +14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -36.23% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.96% | -86.75% | +44.79% |
Current DrawdownCurrent decline from peak | -2.06% | -86.26% | +84.20% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -75.38% | +66.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 12.03% | -8.60% |
Volatility
RSPR vs. USO - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is 4.39%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that RSPR 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
| RSPR | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 17.73% | -13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 42.79% | -31.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.61% | 46.91% | -32.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 37.06% | -17.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 39.29% | -17.89% |
RSPR vs. USO - Expense Ratio Comparison
RSPR has a 0.40% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
RSPR vs. USO - Dividend Comparison
RSPR's dividend yield for the trailing twelve months is around 2.80%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 2.80% | 2.70% | 2.58% | 2.91% | 3.14% | 2.56% | 3.82% | 2.48% | 3.02% | 3.01% | 2.06% | 1.03% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSPR and USO have a correlation of -0.19, 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 RSPR (4.39%). In terms of maximum drawdown, RSPR dropped -41.96% vs USO's -98.19%.
On 10-year performance, USO leads with 5.64% vs 5.63% for RSPR. On fees, RSPR is cheaper at 0.40% per year. On volatility, RSPR has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USO has performed better with a 5.64% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPR is cheaper with a 0.40% expense ratio, compared with 0.86% for USO.
RSPR has the higher dividend yield at 2.80%, compared with 0.00% for USO.
RSPR is categorized as REIT, while USO is Oil & Gas. RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Invesco and USCF. Their fees differ too: 0.40% for RSPR and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 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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