USO vs. CGDV

Last updated Jun 13, 2026

USO (United States Oil Fund LP) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. USO is passively managed, while CGDV is actively managed. Over the past 3 years, USO returned 26.38%/yr vs 24.15%/yr for CGDV. At a 0.09 correlation, their price movements are largely independent. USO charges 0.86%/yr vs 0.33%/yr for CGDV.

Performance

USO vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Oil Fund LP (USO) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USO achieves a 81.36% return, which is significantly higher than CGDV's 11.55% return.

USO

• 1D: -2.64%
• 1M: -12.29%
• YTD: 81.36%
• 6M: 82.28%
• 1Y: 56.36%
• 3Y*: 26.38%
• 5Y*: 21.14%
• 10Y*: 2.94%

CGDV

• 1D: 0.66%
• 1M: 0.35%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

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

USO vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USO United States Oil Fund LP	81.36%	-8.46%	13.35%	-4.94%	5.84%
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between USO and CGDV is -0.29, 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	-0.29
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.09

The correlation between USO and CGDV shifts across timeframes, from -0.29 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USO vs. CGDV — Risk / Return Rank

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

USO

USO Risk / Return Rank: 53
USO Sharpe Ratio Rank: 50
USO Sortino Ratio Rank: 49
USO Omega Ratio Rank: 50
USO Calmar Ratio Rank: 74
USO Martin Ratio Rank: 43

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

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. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and Capital Group Dividend Value ETF (CGDV). 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	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.27	-0.76
Sortino ratio: Return per unit of downside risk	2.15	3.11	-0.95
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	3.31	2.83	+0.48
Martin ratio: Return relative to average drawdown	6.09	13.19	-7.10

USO vs. CGDV - Sharpe Ratio Comparison

The current USO Sharpe Ratio is 1.51, which is lower than the CGDV Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of USO and CGDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USO vs. CGDV - Drawdown Comparison

The maximum USO drawdown since its inception was -98.19%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for USO and CGDV.

Drawdown Indicators

	USO	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-98.19%	-21.82%	-76.37%
Max Drawdown (1Y) Largest decline over 1 year	-20.39%	-9.75%	-10.64%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	-14.28%	-11.77%
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	-86.65%	-0.98%	-85.67%
Average Drawdown Average peak-to-trough decline	-75.30%	-3.60%	-71.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.06%	2.09%	+8.97%

Volatility

USO vs. CGDV - Volatility Comparison

United States Oil Fund LP (USO) has a higher volatility of 13.27% compared to Capital Group Dividend Value ETF (CGDV) at 4.52%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USO	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.27%	4.52%	+8.75%
Volatility (6M) Calculated over the trailing 6-month period	38.99%	9.80%	+29.19%
Volatility (1Y) Calculated over the trailing 1-year period	44.64%	12.13%	+32.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.20%	15.57%	+20.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	15.57%	+23.46%

USO vs. CGDV - Expense Ratio Comparison

USO has a 0.86% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

USO vs. CGDV - Dividend Comparison

USO has not paid dividends to shareholders, while CGDV's dividend yield for the trailing twelve months is around 1.17%.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
USO United States Oil Fund LP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USO and CGDV in my portfolio?

USO and CGDV have a correlation of -0.29, 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 CGDV?

USO has higher volatility (13.27%) compared to CGDV (4.52%). In terms of maximum drawdown, USO dropped -98.19% vs CGDV's -21.82%.

Which ETF is better, USO or CGDV?

On 3-year performance, USO leads with 26.38% vs 24.15% for CGDV. On fees, CGDV is cheaper at 0.33% per year. On volatility, CGDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USO or CGDV?

Over the 3-year period, USO has performed better with a 26.38% return vs 24.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USO or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.86% for USO.

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

CGDV has the higher dividend yield at 1.17%, compared with 0.00% for USO.

What is the main difference between USO and CGDV?

USO is categorized as Oil & Gas, while CGDV is Large Cap Value Equities. They also come from different issuers: USCF and Capital Group. Their fees differ too: 0.86% for USO and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 1.51), 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.