USO vs. DBO
Compare and contrast key facts about United States Oil Fund LP (USO) and Invesco DB Oil Fund (DBO).
USO and DBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007. Both USO and DBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USO or DBO.
Correlation
The correlation between USO and DBO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
USO vs. DBO - Performance Comparison
Key characteristics
USO:
-0.46
DBO:
-0.46
USO:
-0.47
DBO:
-0.48
USO:
0.94
DBO:
0.94
USO:
-0.15
DBO:
-0.19
USO:
-1.33
DBO:
-1.37
USO:
10.29%
DBO:
10.13%
USO:
29.87%
DBO:
30.10%
USO:
-98.19%
DBO:
-90.18%
USO:
-92.66%
DBO:
-73.07%
Returns By Period
In the year-to-date period, USO achieves a -8.63% return, which is significantly higher than DBO's -9.64% return. Over the past 10 years, USO has underperformed DBO with an annualized return of -7.89%, while DBO has yielded a comparatively higher -0.10% annualized return.
USO
-8.63%
-8.47%
-7.01%
-14.18%
27.48%
-7.89%
DBO
-9.64%
-8.36%
-8.22%
-14.48%
21.77%
-0.10%
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USO vs. DBO - Expense Ratio Comparison
USO has a 0.79% expense ratio, which is higher than DBO's 0.78% expense ratio.
Risk-Adjusted Performance
USO vs. DBO — Risk-Adjusted Performance Rank
USO
DBO
USO vs. DBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) and Invesco DB Oil Fund (DBO). 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.
Dividends
USO vs. DBO - Dividend Comparison
USO has not paid dividends to shareholders, while DBO's dividend yield for the trailing twelve months is around 5.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBO Invesco DB Oil Fund | 5.18% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
Drawdowns
USO vs. DBO - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, which is greater than DBO's maximum drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for USO and DBO. For additional features, visit the drawdowns tool.
Volatility
USO vs. DBO - Volatility Comparison
The current volatility for United States Oil Fund LP (USO) is 14.50%, while Invesco DB Oil Fund (DBO) has a volatility of 17.90%. This indicates that USO experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.