USO vs. CRK
USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil, while CRK (Comstock Resources, Inc.) is a stock. Over the past 10 years, USO returned 3.17%/yr vs 11.69%/yr for CRK. At a 0.43 correlation, their price movements are largely independent.
Performance
USO vs. CRK - Performance Comparison
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Returns By Period
In the year-to-date period, USO achieves a 73.76% return, which is significantly higher than CRK's -44.00% return. Over the past 10 years, USO has underperformed CRK with an annualized return of 3.17%, while CRK has yielded a comparatively higher 11.69% annualized return.
USO
- 1D
- 2.02%
- 1M
- -4.19%
- 6M
- 63.54%
- YTD
- 73.76%
- 1Y
- 58.91%
- 3Y*
- 21.22%
- 5Y*
- 19.63%
- 10Y*
- 3.17%
CRK
- 1D
- -1.96%
- 1M
- -3.99%
- 6M
- -41.95%
- YTD
- -44.00%
- 1Y
- -45.60%
- 3Y*
- 5.19%
- 5Y*
- 18.50%
- 10Y*
- 11.69%
USO vs. CRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 73.76% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
CRK Comstock Resources, Inc. | -44.00% | 27.22% | 105.88% | -32.37% | 70.63% | 85.13% | -46.90% | 81.68% | -46.45% | -14.11% |
Correlation
The correlation between USO and CRK is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2006 | 0.43 |
The correlation between USO and CRK shifts across timeframes, from 0.27 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USO vs. CRK — Risk / Return Rank
USO
CRK
USO vs. CRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and Comstock Resources, Inc. (CRK). 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 | CRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.88 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.85 | +2.67 |
| Martin ratioReturn relative to average drawdown | 4.88 | -1.50 | +6.38 |
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Drawdowns
USO vs. CRK - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, roughly equal to the maximum CRK drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for USO and CRK.
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Drawdown Indicators
| USO | CRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.19% | -99.32% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -32.49% | -53.71% | +21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -32.49% | -58.78% | +26.29% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | -64.25% | +28.02% |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | -68.63% | -18.12% |
Current DrawdownCurrent decline from peak | -87.21% | -96.66% | +9.45% |
Average DrawdownAverage peak-to-trough decline | -75.35% | -62.71% | -12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 30.72% | -18.61% |
Volatility
USO vs. CRK - Volatility Comparison
United States Oil Fund LP (USO) has a higher volatility of 14.67% compared to Comstock Resources, Inc. (CRK) at 12.25%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than CRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USO | CRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.67% | 12.25% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 40.75% | 41.00% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.93% | 57.23% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 58.22% | -21.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.08% | 68.04% | -28.96% |
Dividends
USO vs. CRK - Dividend Comparison
Neither USO nor CRK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CRK Comstock Resources, Inc. | 0.00% | 0.00% | 0.00% | 5.65% | 0.91% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USO and CRK have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.67%) compared to CRK (12.25%). In terms of maximum drawdown, USO dropped -98.19% vs CRK's -99.32%.
USO currently has the higher Sharpe Ratio (1.32 vs -0.80), 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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