USO vs. AGGA

Last updated Jun 5, 2026

USO (United States Oil Fund LP) and AGGA (Astoria Dynamic Core US Fixed Income ETF) are both exchange-traded funds - USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil, while AGGA is a Multisector Bonds fund actively managed by Astoria. USO is passively managed, while AGGA is actively managed. Over the past year, USO returned 97.20% vs 4.62% for AGGA. At a correlation of -0.41, they often move in opposite directions. USO charges 0.86%/yr vs 0.55%/yr for AGGA.

Performance

USO vs. AGGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Oil Fund LP (USO) and Astoria Dynamic Core US Fixed Income ETF (AGGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USO achieves a 97.72% return, which is significantly higher than AGGA's 0.89% return.

USO

• 1D: -2.92%
• 1M: -5.15%
• YTD: 97.72%
• 6M: 91.54%
• 1Y: 97.20%
• 3Y*: 28.78%
• 5Y*: 23.67%
• 10Y*: 3.57%

AGGA

• 1D: 0.12%
• 1M: 0.28%
• YTD: 0.89%
• 6M: 0.97%
• 1Y: 4.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USO vs. AGGA - Yearly Performance Comparison

	2026 (YTD)	2025
USO United States Oil Fund LP	97.72%	7.19%
AGGA Astoria Dynamic Core US Fixed Income ETF	0.89%	4.36%

Correlation

The correlation between USO and AGGA is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since May 2, 2025	-0.41

Return for Risk

USO vs. AGGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USO

USO Risk / Return Rank: 66
USO Sharpe Ratio Rank: 68
USO Sortino Ratio Rank: 61
USO Omega Ratio Rank: 62
USO Calmar Ratio Rank: 86
USO Martin Ratio Rank: 54

AGGA

AGGA Risk / Return Rank: 70
AGGA Sharpe Ratio Rank: 68
AGGA Sortino Ratio Rank: 75
AGGA Omega Ratio Rank: 73
AGGA Calmar Ratio Rank: 64
AGGA Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USO vs. AGGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and Astoria Dynamic Core US Fixed Income ETF (AGGA). 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.

	USO	AGGA	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.20	+0.01
Sortino ratio: Return per unit of downside risk	2.80	3.32	-0.52
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	4.79	3.16	+1.63
Martin ratio: Return relative to average drawdown	9.00	12.77	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USO vs. AGGA - Sharpe Ratio Comparison

The current USO Sharpe Ratio is 2.21, which is comparable to the AGGA Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of USO and AGGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USO	AGGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.20	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	2.22	-2.40

Drawdowns

USO vs. AGGA - Drawdown Comparison

The maximum USO drawdown since its inception was -98.19%, which is greater than AGGA's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for USO and AGGA.

Drawdown Indicators

	USO	AGGA	Difference
Max Drawdown Largest peak-to-trough decline	-98.19%	-1.47%	-96.72%
Max Drawdown (1Y) Largest decline over 1 year	-20.39%	-1.47%	-18.92%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.75%	—	—
Current Drawdown Current decline from peak	-85.45%	-0.13%	-85.32%
Average Drawdown Average peak-to-trough decline	-75.30%	-0.22%	-75.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.84%	0.36%	+10.48%

Volatility

USO vs. AGGA - Volatility Comparison

United States Oil Fund LP (USO) has a higher volatility of 14.97% compared to Astoria Dynamic Core US Fixed Income ETF (AGGA) at 0.73%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than AGGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USO	AGGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.97%	0.73%	+14.24%
Volatility (6M) Calculated over the trailing 6-month period	38.35%	1.58%	+36.77%
Volatility (1Y) Calculated over the trailing 1-year period	44.32%	2.13%	+42.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.09%	2.19%	+33.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.00%	2.19%	+36.81%

USO vs. AGGA - Expense Ratio Comparison

USO has a 0.86% expense ratio, which is higher than AGGA's 0.55% expense ratio.

Dividends

USO vs. AGGA - Dividend Comparison

USO has not paid dividends to shareholders, while AGGA's dividend yield for the trailing twelve months is around 4.26%.

Position	TTM	2025
AGGA Astoria Dynamic Core US Fixed Income ETF	4.26%	2.81%
USO United States Oil Fund LP	0.00%	0.00%

Frequently Asked Questions

Can I hold both USO and AGGA in my portfolio?

USO and AGGA have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USO or AGGA?

USO has higher volatility (14.97%) compared to AGGA (0.73%). In terms of maximum drawdown, USO dropped -98.19% vs AGGA's -1.47%.

Which ETF is better, USO or AGGA?

On 1-year performance, USO leads with 97.20% vs 4.62% for AGGA. On fees, AGGA is cheaper at 0.55% per year. On volatility, AGGA has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USO or AGGA?

Over the 1-year period, USO has performed better with a 97.20% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USO or AGGA?

AGGA is cheaper with a 0.55% expense ratio, compared with 0.86% for USO.

Which ETF pays a higher dividend yield, USO or AGGA?

AGGA has the higher dividend yield at 4.26%, compared with 0.00% for USO.

What is the main difference between USO and AGGA?

USO is categorized as Oil & Gas, while AGGA is Multisector Bonds. They also come from different issuers: USCF and Astoria. Their fees differ too: 0.86% for USO and 0.55% for AGGA.

Which has better risk-adjusted returns?

USO currently has the higher Sharpe Ratio (2.21 vs 2.20), 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.