USO vs. BINC
USO (United States Oil Fund LP) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil, while BINC is a Multisector Bonds fund actively managed by iShares. USO is passively managed, while BINC is actively managed. Over the past 3 years, USO returned 18.29%/yr vs 6.74%/yr for BINC. Their -0.17 correlation means they have often moved in opposite directions in the past. USO charges 0.86%/yr vs 0.40%/yr for BINC.
Performance
USO vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, USO achieves a 76.58% return, which is significantly higher than BINC's 1.28% return.
USO
- 1D
- -5.46%
- 1M
- 17.45%
- 6M
- 62.11%
- YTD
- 76.58%
- 1Y
- 57.66%
- 3Y*
- 18.29%
- 5Y*
- 20.94%
- 10Y*
- 4.47%
- ALL TIME*
- -7.11%
BINC
- 1D
- 0.17%
- 1M
- -0.09%
- 6M
- 0.61%
- YTD
- 1.28%
- 1Y
- 4.32%
- 3Y*
- 6.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.39M | $77.02M | $122.86M | |
| $981.29M | $906.75M | $905.81M |
USO vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USO United States Oil Fund LP | 76.58% | -8.46% | 13.35% | 4.29% |
BINC iShares Flexible Income Active ETF | 1.28% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between USO and BINC is -0.44, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.44 |
Correlation (3Y) Balances recent behavior with more history. | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | -0.17 |
Over the past year, the inverse relationship between USO and BINC has strengthened: their correlation has moved from -0.17 to -0.44, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
USO vs. BINC — Risk / Return Rank
USO
BINC
USO vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and iShares Flexible Income Active ETF (BINC). 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.
| USO | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.61 | +0.17 |
| Martin ratioReturn relative to average drawdown | 5.23 | 6.20 | -0.97 |
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Drawdowns
USO vs. BINC - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for USO and BINC.
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Drawdown Indicators
| USO | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.19% | -2.69% | -95.50% |
Max Drawdown (1Y)Largest decline over 1 year | -32.49% | -2.69% | -29.80% |
Max Drawdown (3Y)Largest decline over 3 years | -32.49% | -2.69% | -29.80% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | — | — |
Current DrawdownCurrent decline from peak | -87.01% | -0.32% | -86.69% |
Average DrawdownAverage peak-to-trough decline | -75.38% | -0.36% | -75.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | 0.70% | +10.54% |
Volatility
USO vs. BINC - Volatility Comparison
United States Oil Fund LP (USO) has a higher volatility of 18.95% compared to iShares Flexible Income Active ETF (BINC) at 0.80%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USO | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.95% | 0.80% | +18.15% |
Volatility (6M)Calculated over the trailing 6-month period | 43.21% | 2.00% | +41.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.21% | 2.35% | +44.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.13% | 2.97% | +34.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.32% | 2.97% | +36.35% |
USO vs. BINC - Expense Ratio Comparison
USO has a 0.86% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
USO vs. BINC - Dividend Comparison
USO has not paid dividends to shareholders, while BINC's dividend yield for the trailing twelve months is around 5.88%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.88% | 5.86% | 6.14% | 3.13% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USO and BINC have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (18.95%) compared to BINC (0.80%). In terms of maximum drawdown, USO dropped -98.19% vs BINC's -2.69%.
On 3-year performance, USO leads with 18.29% vs 6.74% for BINC. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 18.29% return vs 6.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 0.86% for USO.
BINC has the higher dividend yield at 5.88%, compared with 0.00% for USO.
USO is categorized as Oil & Gas, while BINC is Multisector Bonds. They also come from different issuers: USCF and iShares. Their fees differ too: 0.86% for USO and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (1.85 vs 1.23), 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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