TUSI vs. USL
TUSI (Touchstone Ultra Short Income ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - TUSI is a Ultrashort Bond fund actively managed by Touchstone, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. TUSI is actively managed, while USL is passively managed. Over the past 3 years, TUSI returned 5.84%/yr vs 17.93%/yr for USL. At a correlation of -0.06, they often move in opposite directions. TUSI charges 0.25%/yr vs 0.88%/yr for USL.
Performance
TUSI vs. USL - Performance Comparison
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Returns By Period
In the year-to-date period, TUSI achieves a 1.70% return, which is significantly lower than USL's 60.58% return.
TUSI
- 1D
- 0.12%
- 1M
- 0.40%
- YTD
- 1.70%
- 6M
- 2.09%
- 1Y
- 4.73%
- 3Y*
- 5.84%
- 5Y*
- —
- 10Y*
- —
USL
- 1D
- -1.53%
- 1M
- -1.98%
- YTD
- 60.58%
- 6M
- 56.11%
- 1Y
- 56.55%
- 3Y*
- 17.93%
- 5Y*
- 17.05%
- 10Y*
- 10.57%
TUSI vs. USL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUSI Touchstone Ultra Short Income ETF | 1.70% | 5.09% | 6.51% | 6.53% | 0.84% |
USL United States 12 Month Oil Fund LP | 60.58% | -12.37% | 8.30% | -1.11% | -3.92% |
Correlation
The correlation between TUSI and USL is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.06 |
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Return for Risk
TUSI vs. USL — Risk / Return Rank
TUSI
USL
TUSI vs. USL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Income ETF (TUSI) 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.
| TUSI | USL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +5.30 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 1.33 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 20.15 | 3.39 | +16.76 |
| Martin ratioReturn relative to average drawdown | 85.69 | 6.85 | +78.84 |
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
| TUSI | USL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.56 | 1.99 | +2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.62 | 0.01 | +5.62 |
Drawdowns
TUSI vs. USL - Drawdown Comparison
The maximum TUSI drawdown since its inception was -0.40%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for TUSI and USL.
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Drawdown Indicators
| TUSI | USL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -89.06% | +88.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.24% | -16.76% | +16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -23.33% | +22.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.02% | — |
Current DrawdownCurrent decline from peak | 0.00% | -39.10% | +39.10% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -61.45% | +61.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 8.27% | -8.21% |
Volatility
TUSI vs. USL - Volatility Comparison
The current volatility for Touchstone Ultra Short Income ETF (TUSI) is 0.38%, while United States 12 Month Oil Fund LP (USL) has a volatility of 10.57%. This indicates that TUSI 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.
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Volatility by Period
| TUSI | USL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 10.57% | -10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 23.34% | -22.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.04% | 28.59% | -27.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.97% | 30.09% | -29.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.97% | 32.34% | -31.37% |
TUSI vs. USL - Expense Ratio Comparison
TUSI has a 0.25% expense ratio, which is lower than USL's 0.88% expense ratio.
Dividends
TUSI vs. USL - Dividend Comparison
TUSI's dividend yield for the trailing twelve months is around 4.57%, while USL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TUSI Touchstone Ultra Short Income ETF | 4.57% | 4.85% | 5.50% | 5.41% | 1.38% |
USL United States 12 Month Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUSI and USL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USL has higher volatility (10.57%) compared to TUSI (0.38%). In terms of maximum drawdown, TUSI dropped -0.40% vs USL's -89.06%.
On 3-year performance, USL leads with 17.93% vs 5.84% for TUSI. On fees, TUSI is cheaper at 0.25% per year. On volatility, TUSI has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USL has performed better with a 17.93% return vs 5.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUSI is cheaper with a 0.25% expense ratio, compared with 0.88% for USL.
TUSI has the higher dividend yield at 4.57%, compared with 0.00% for USL.
TUSI is categorized as Ultrashort Bond, while USL is Oil & Gas. They also come from different issuers: Touchstone and Concierge Technologies. Their fees differ too: 0.25% for TUSI and 0.88% for USL.
TUSI currently has the higher Sharpe Ratio (4.56 vs 1.99), 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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