USL vs. COP
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and ConocoPhillips Company (COP).
USL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Light Sweet Crude Oil. It was launched on Dec 6, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USL or COP.
Key characteristics
| USL | COP | |
|---|---|---|
| YTD Return | 3.28% | -2.01% |
| 1Y Return | -3.74% | -1.41% |
| 3Y Return (Ann) | 8.37% | 19.79% |
| 5Y Return (Ann) | 11.10% | 18.44% |
| 10Y Return (Ann) | 0.09% | 7.90% |
| Sharpe Ratio | -0.10 | -0.05 |
| Sortino Ratio | 0.03 | 0.09 |
| Omega Ratio | 1.00 | 1.01 |
| Calmar Ratio | -0.04 | -0.05 |
| Martin Ratio | -0.34 | -0.09 |
| Ulcer Index | 6.63% | 12.20% |
| Daily Std Dev | 23.77% | 22.08% |
| Max Drawdown | -89.06% | -70.66% |
| Current Drawdown | -58.73% | -15.42% |
Correlation
The correlation between USL and COP is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USL vs. COP - Performance Comparison
In the year-to-date period, USL achieves a 3.28% return, which is significantly higher than COP's -2.01% return. Over the past 10 years, USL has underperformed COP with an annualized return of 0.09%, while COP has yielded a comparatively higher 7.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
USL vs. COP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) and ConocoPhillips Company (COP). 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.
Dividends
USL vs. COP - Dividend Comparison
USL has not paid dividends to shareholders, while COP's dividend yield for the trailing twelve months is around 2.82%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USL United States 12 Month 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% |
COP ConocoPhillips Company | 2.82% | 3.37% | 4.20% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% | 4.11% | 3.82% |
Drawdowns
USL vs. COP - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than COP's maximum drawdown of -70.66%. Use the drawdown chart below to compare losses from any high point for USL and COP. For additional features, visit the drawdowns tool.
Volatility
USL vs. COP - Volatility Comparison
United States 12 Month Oil Fund LP (USL) and ConocoPhillips Company (COP) have volatilities of 8.94% and 9.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.