USL vs. TMFX
USL (United States 12 Month Oil Fund LP) and TMFX (Motley Fool Next Index ETF) are both exchange-traded funds - USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil, while TMFX is a Mid Cap Growth Equities fund tracking the Motley Fool Next Index. Both are passively managed. Over the past 3 years, USL returned 12.05%/yr vs 12.69%/yr for TMFX. At a 0.05 correlation, their price movements are largely independent. USL charges 0.88%/yr vs 0.50%/yr for TMFX.
Performance
USL vs. TMFX - Performance Comparison
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Returns By Period
In the year-to-date period, USL achieves a 35.42% return, which is significantly higher than TMFX's 2.54% return.
USL
- 1D
- -3.22%
- 1M
- -16.18%
- YTD
- 35.42%
- 6M
- 33.45%
- 1Y
- 27.96%
- 3Y*
- 12.05%
- 5Y*
- 11.84%
- 10Y*
- 9.07%
TMFX
- 1D
- 0.85%
- 1M
- 1.15%
- YTD
- 2.54%
- 6M
- 0.27%
- 1Y
- 9.66%
- 3Y*
- 12.69%
- 5Y*
- —
- 10Y*
- —
USL vs. TMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USL United States 12 Month Oil Fund LP | 35.42% | -12.37% | 8.30% | -1.11% | 27.10% | -1.24% |
TMFX Motley Fool Next Index ETF | 2.54% | 10.41% | 16.04% | 17.95% | -28.16% | -0.65% |
Correlation
The correlation between USL and TMFX is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2021 | 0.05 |
The correlation between USL and TMFX shifts across timeframes, from -0.22 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USL vs. TMFX — Risk / Return Rank
USL
TMFX
USL vs. TMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) and Motley Fool Next Index ETF (TMFX). 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.
| USL | TMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.70 | +0.70 |
| Martin ratioReturn relative to average drawdown | 3.60 | 2.20 | +1.41 |
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Drawdowns
USL vs. TMFX - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than TMFX's maximum drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for USL and TMFX.
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Drawdown Indicators
| USL | TMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.06% | -34.72% | -54.34% |
Max Drawdown (1Y)Largest decline over 1 year | -20.18% | -13.95% | -6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -24.05% | +0.72% |
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 | -48.64% | -3.24% | -45.40% |
Average DrawdownAverage peak-to-trough decline | -61.39% | -14.56% | -46.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 4.41% | +3.37% |
Volatility
USL vs. TMFX - Volatility Comparison
United States 12 Month Oil Fund LP (USL) has a higher volatility of 8.59% compared to Motley Fool Next Index ETF (TMFX) at 5.33%. This indicates that USL's price experiences larger fluctuations and is considered to be riskier than TMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USL | TMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 5.33% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.45% | 12.75% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.66% | 17.13% | +11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.28% | 23.33% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 23.33% | +9.01% |
USL vs. TMFX - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than TMFX's 0.50% expense ratio.
Dividends
USL vs. TMFX - Dividend Comparison
USL has not paid dividends to shareholders, while TMFX's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TMFX Motley Fool Next Index ETF | 0.05% | 0.05% | 0.06% | 0.16% | 0.22% |
USL United States 12 Month Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USL and TMFX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USL has higher volatility (8.59%) compared to TMFX (5.33%). In terms of maximum drawdown, USL dropped -89.06% vs TMFX's -34.72%.
On 3-year performance, TMFX leads with 12.69% vs 12.05% for USL. On fees, TMFX is cheaper at 0.50% per year. On volatility, TMFX has been the lower-risk option at 5.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TMFX has performed better with a 12.69% return vs 12.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMFX is cheaper with a 0.50% expense ratio, compared with 0.88% for USL.
TMFX has the higher dividend yield at 0.05%, compared with 0.00% for USL.
USL is categorized as Oil & Gas, while TMFX is Mid Cap Growth Equities. USL tracks 12 Month Light Sweet Crude Oil, while TMFX tracks Motley Fool Next Index. They also come from different issuers: Concierge Technologies and Motley Fool. Their fees differ too: 0.88% for USL and 0.50% for TMFX.
USL currently has the higher Sharpe Ratio (0.99 vs 0.57), 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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