USL vs. FTEC
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and Fidelity MSCI Information Technology Index ETF (FTEC).
USL and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both USL and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USL or FTEC.
Key characteristics
| USL | FTEC | |
|---|---|---|
| YTD Return | 10.94% | 11.16% |
| 1Y Return | 22.05% | 39.96% |
| 3Y Return (Ann) | 18.93% | 14.96% |
| 5Y Return (Ann) | 10.74% | 22.62% |
| 10Y Return (Ann) | -1.40% | 20.57% |
| Sharpe Ratio | 0.91 | 2.16 |
| Daily Std Dev | 23.34% | 18.41% |
| Max Drawdown | -89.06% | -34.95% |
| Current Drawdown | -55.66% | 0.00% |
Correlation
The correlation between USL and FTEC is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
USL vs. FTEC - Performance Comparison
The year-to-date returns for both investments are quite close, with USL having a 10.94% return and FTEC slightly higher at 11.16%. Over the past 10 years, USL has underperformed FTEC with an annualized return of -1.40%, while FTEC has yielded a comparatively higher 20.57% 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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USL vs. FTEC - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
USL vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) and Fidelity MSCI Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
USL has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.70%.
| 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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.70% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
USL vs. FTEC - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for USL and FTEC. For additional features, visit the drawdowns tool.
Volatility
USL vs. FTEC - Volatility Comparison
The current volatility for United States 12 Month Oil Fund LP (USL) is 4.70%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.60%. This indicates that USL experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.