USO vs. CSIQ
USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil, while CSIQ (Canadian Solar Inc.) is a stock. Over the past 10 years, USO returned 4.47%/yr vs 0.63%/yr for CSIQ. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
USO vs. CSIQ - 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 CSIQ's -34.71% return. Over the past 10 years, USO has outperformed CSIQ with an annualized return of 4.47%, while CSIQ has yielded a comparatively lower 0.63% annualized 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%
CSIQ
- 1D
- 2.92%
- 1M
- 7.37%
- 6M
- -18.87%
- YTD
- -34.71%
- 1Y
- 37.10%
- 3Y*
- -23.45%
- 5Y*
- -17.82%
- 10Y*
- 0.63%
- ALL TIME*
- 0.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.05M | $33.14M | $47.83M | |
| $981.29M | $906.75M | $905.81M |
USO vs. CSIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 76.58% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
CSIQ Canadian Solar Inc. | -34.71% | 113.76% | -57.61% | -15.11% | -1.25% | -38.93% | 131.86% | 54.11% | -14.95% | 38.42% |
Correlation
The correlation between USO and CSIQ is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2006 | 0.21 |
The correlation between USO and CSIQ shifts across timeframes, from -0.05 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USO vs. CSIQ — Risk / Return Rank
USO
CSIQ
USO vs. CSIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and Canadian Solar Inc. (CSIQ). 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 | CSIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.58 | +1.20 |
| Martin ratioReturn relative to average drawdown | 5.23 | 0.94 | +4.29 |
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Drawdowns
USO vs. CSIQ - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, roughly equal to the maximum CSIQ drawdown of -96.02%. Use the drawdown chart below to compare losses from any high point for USO and CSIQ.
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Drawdown Indicators
| USO | CSIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.19% | -96.02% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -32.49% | -63.94% | +31.45% |
Max Drawdown (3Y)Largest decline over 3 years | -32.49% | -80.46% | +47.97% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | -85.62% | +49.39% |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | -89.46% | +2.71% |
Current DrawdownCurrent decline from peak | -87.01% | -75.81% | -11.20% |
Average DrawdownAverage peak-to-trough decline | -75.38% | -61.20% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | 39.50% | -28.26% |
Volatility
USO vs. CSIQ - Volatility Comparison
United States Oil Fund LP (USO) and Canadian Solar Inc. (CSIQ) have volatilities of 18.95% and 18.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USO | CSIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.95% | 18.89% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 43.21% | 63.27% | -20.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.21% | 96.66% | -49.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.13% | 72.36% | -35.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.32% | 64.04% | -24.72% |
Dividends
USO vs. CSIQ - Dividend Comparison
Neither USO nor CSIQ has paid dividends to shareholders.
Frequently Asked Questions
USO and CSIQ have a correlation of -0.05, 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 CSIQ (18.89%). In terms of maximum drawdown, USO dropped -98.19% vs CSIQ's -96.02%.
USO currently has the higher Sharpe Ratio (1.23 vs 0.39), 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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