USL vs. VDE
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and Vanguard Energy ETF (VDE).
USL and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both USL and VDE 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 VDE.
Key characteristics
| USL | VDE | |
|---|---|---|
| YTD Return | 3.13% | 15.36% |
| 1Y Return | -3.59% | 14.64% |
| 3Y Return (Ann) | 8.31% | 22.10% |
| 5Y Return (Ann) | 10.81% | 15.64% |
| 10Y Return (Ann) | 0.08% | 4.36% |
| Sharpe Ratio | -0.16 | 0.87 |
| Sortino Ratio | -0.07 | 1.28 |
| Omega Ratio | 0.99 | 1.16 |
| Calmar Ratio | -0.06 | 1.17 |
| Martin Ratio | -0.58 | 2.84 |
| Ulcer Index | 6.67% | 5.56% |
| Daily Std Dev | 23.72% | 18.11% |
| Max Drawdown | -89.06% | -74.16% |
| Current Drawdown | -58.78% | -1.75% |
Correlation
The correlation between USL and VDE is 0.64, 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. VDE - Performance Comparison
In the year-to-date period, USL achieves a 3.13% return, which is significantly lower than VDE's 15.36% return. Over the past 10 years, USL has underperformed VDE with an annualized return of 0.08%, while VDE has yielded a comparatively higher 4.36% 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. VDE - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than VDE's 0.10% expense ratio.
Risk-Adjusted Performance
USL vs. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
USL has not paid dividends to shareholders, while VDE's dividend yield for the trailing twelve months is around 3.04%.
| 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% |
VDE Vanguard Energy ETF | 3.04% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
USL vs. VDE - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than VDE's maximum drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for USL and VDE. For additional features, visit the drawdowns tool.
Volatility
USL vs. VDE - Volatility Comparison
United States 12 Month Oil Fund LP (USL) has a higher volatility of 8.15% compared to Vanguard Energy ETF (VDE) at 5.05%. This indicates that USL's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.