USL vs. XHB
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and SPDR S&P Homebuilders ETF (XHB).
USL and XHB 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. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. Both USL and XHB 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 XHB.
Key characteristics
| USL | XHB | |
|---|---|---|
| YTD Return | 10.44% | 12.53% |
| 1Y Return | 20.69% | 51.80% |
| 3Y Return (Ann) | 18.78% | 13.26% |
| 5Y Return (Ann) | 10.51% | 22.71% |
| 10Y Return (Ann) | -1.45% | 14.25% |
| Sharpe Ratio | 0.96 | 2.33 |
| Daily Std Dev | 23.38% | 22.76% |
| Max Drawdown | -89.06% | -81.61% |
| Current Drawdown | -55.86% | -3.69% |
Correlation
The correlation between USL and XHB is 0.23, 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. XHB - Performance Comparison
In the year-to-date period, USL achieves a 10.44% return, which is significantly lower than XHB's 12.53% return. Over the past 10 years, USL has underperformed XHB with an annualized return of -1.45%, while XHB has yielded a comparatively higher 14.25% 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. XHB - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than XHB's 0.35% expense ratio.
Risk-Adjusted Performance
USL vs. XHB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) and SPDR S&P Homebuilders ETF (XHB). 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. XHB - Dividend Comparison
USL has not paid dividends to shareholders, while XHB's dividend yield for the trailing twelve months is around 0.67%.
| 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% |
XHB SPDR S&P Homebuilders ETF | 0.67% | 0.77% | 1.06% | 0.51% | 0.73% | 0.89% | 1.25% | 0.72% | 0.67% | 0.50% | 0.54% | 0.29% |
Drawdowns
USL vs. XHB - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than XHB's maximum drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for USL and XHB. For additional features, visit the drawdowns tool.
Volatility
USL vs. XHB - Volatility Comparison
The current volatility for United States 12 Month Oil Fund LP (USL) is 4.64%, while SPDR S&P Homebuilders ETF (XHB) has a volatility of 5.53%. This indicates that USL experiences smaller price fluctuations and is considered to be less risky than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.