XES vs. USO
Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and United States Oil Fund LP (USO).
XES and USO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. 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. Both XES and USO 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: XES or USO.
Key characteristics
| XES | USO | |
|---|---|---|
| YTD Return | -0.20% | 6.12% |
| 1Y Return | -3.11% | -2.70% |
| 3Y Return (Ann) | 15.01% | 8.13% |
| 5Y Return (Ann) | 5.31% | -6.07% |
| 10Y Return (Ann) | -12.13% | -11.17% |
| Sharpe Ratio | -0.03 | -0.11 |
| Sortino Ratio | 0.17 | 0.05 |
| Omega Ratio | 1.02 | 1.01 |
| Calmar Ratio | -0.01 | -0.03 |
| Martin Ratio | -0.09 | -0.38 |
| Ulcer Index | 10.20% | 7.82% |
| Daily Std Dev | 29.82% | 28.26% |
| Max Drawdown | -95.65% | -98.19% |
| Current Drawdown | -80.75% | -92.47% |
Correlation
The correlation between XES and USO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XES vs. USO - Performance Comparison
In the year-to-date period, XES achieves a -0.20% return, which is significantly lower than USO's 6.12% return. Over the past 10 years, XES has underperformed USO with an annualized return of -12.13%, while USO has yielded a comparatively higher -11.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XES vs. USO - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is lower than USO's 0.79% expense ratio.
Risk-Adjusted Performance
XES vs. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and United States Oil Fund LP (USO). 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
XES vs. USO - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.14%, while USO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.14% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XES vs. USO - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for XES and USO. For additional features, visit the drawdowns tool.
Volatility
XES vs. USO - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 10.86% compared to United States Oil Fund LP (USO) at 9.13%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.