TD vs. USO
TD (The Toronto-Dominion Bank) is a stock, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 10 years, TD returned 15.53%/yr vs 5.64%/yr for USO. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
TD vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 30.24% return, which is significantly lower than USO's 86.77% return. Over the past 10 years, TD has outperformed USO with an annualized return of 15.53%, while USO has yielded a comparatively lower 5.64% annualized return.
TD
- 1D
- 0.13%
- 1M
- 1.19%
- 6M
- 30.15%
- YTD
- 30.24%
- 1Y
- 70.70%
- 3Y*
- 28.14%
- 5Y*
- 17.56%
- 10Y*
- 15.53%
- ALL TIME*
- 15.63%
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) |
|---|---|---|---|
| $282.42M | $388.32M | $277.26M | |
| $968.42M | $871.56M | $931.57M |
TD vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 30.24% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
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 TD and USO is -0.17, 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. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2006 | 0.30 |
The correlation between TD and USO shifts across timeframes, from -0.17 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TD vs. USO — Risk / Return Rank
TD
USO
TD vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) 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.
| TD | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.25 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 9.37 | 1.93 | +7.44 |
| Martin ratioReturn relative to average drawdown | 35.40 | 5.60 | +29.81 |
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Drawdowns
TD vs. USO - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for TD and USO.
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Drawdown Indicators
| TD | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -98.19% | +34.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -32.49% | +24.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -32.49% | +13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -36.23% | +5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -86.75% | +44.77% |
Current DrawdownCurrent decline from peak | -3.91% | -86.26% | +82.35% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -75.38% | +64.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 12.03% | -10.05% |
Volatility
TD vs. USO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 7.00%, while United States Oil Fund LP (USO) has a volatility of 17.73%. This indicates that TD 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
| TD | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 17.73% | -10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 42.79% | -29.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 46.91% | -29.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 37.06% | -17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 39.29% | -17.55% |
Dividends
TD vs. USO - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.58%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 2.58% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
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
TD and USO have a correlation of -0.17, 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 TD (7.00%). In terms of maximum drawdown, TD dropped -64.18% vs USO's -98.19%.
TD currently has the higher Sharpe Ratio (3.99 vs 1.34), 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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