XLEP.L vs. USO
Compare and contrast key facts about Invesco US Energy Sector UCITS ETF (XLEP.L) and United States Oil Fund LP (USO).
XLEP.L and USO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLEP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on Dec 16, 2009. 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 XLEP.L 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.
Performance
XLEP.L vs. USO - Performance Comparison
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XLEP.L vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLEP.L Invesco US Energy Sector UCITS ETF | 41.99% | 1.41% | 4.85% | -5.07% | 81.43% | 53.83% | -35.01% | 5.84% | -13.66% | -9.87% |
USO United States Oil Fund LP | 87.49% | -14.98% | 15.33% | -9.69% | 44.31% | 66.24% | -68.74% | 27.56% | -14.80% | -6.39% |
Different Trading Currencies
XLEP.L is traded in GBp, while USO is traded in USD. To make them comparable, the USO values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLEP.L achieves a 41.99% return, which is significantly lower than USO's 87.49% return. Over the past 10 years, XLEP.L has outperformed USO with an annualized return of 11.98%, while USO has yielded a comparatively lower 6.26% annualized return.
XLEP.L
- 1D
- -0.68%
- 1M
- 16.29%
- YTD
- 41.99%
- 6M
- 44.30%
- 1Y
- 33.45%
- 3Y*
- 15.42%
- 5Y*
- 25.56%
- 10Y*
- 11.98%
USO
- 1D
- -2.27%
- 1M
- 58.33%
- YTD
- 87.49%
- 6M
- 75.49%
- 1Y
- 60.77%
- 3Y*
- 21.34%
- 5Y*
- 26.04%
- 10Y*
- 6.26%
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XLEP.L vs. USO - Expense Ratio Comparison
XLEP.L has a 0.14% expense ratio, which is lower than USO's 0.79% expense ratio.
Return for Risk
XLEP.L vs. USO — Risk / Return Rank
XLEP.L
USO
XLEP.L vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Energy Sector UCITS ETF (XLEP.L) 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.
| XLEP.L | USO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.49 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.15 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.07 | -1.34 |
Martin ratioReturn relative to average drawdown | 3.59 | 5.47 | -1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLEP.L | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.49 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.76 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.16 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | -0.10 | +0.38 |
Correlation
The correlation between XLEP.L and USO is 0.50, 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.
Dividends
XLEP.L vs. USO - Dividend Comparison
Neither XLEP.L nor USO has paid dividends to shareholders.
Drawdowns
XLEP.L vs. USO - Drawdown Comparison
The maximum XLEP.L drawdown since its inception was -63.35%, smaller than the maximum USO drawdown of -97.09%. Use the drawdown chart below to compare losses from any high point for XLEP.L and USO.
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Drawdown Indicators
| XLEP.L | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.35% | -98.19% | +34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -20.39% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -36.23% | +12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -63.35% | -86.75% | +23.40% |
Current DrawdownCurrent decline from peak | -0.68% | -86.46% | +85.78% |
Average DrawdownAverage peak-to-trough decline | -17.06% | -75.21% | +58.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 11.77% | -2.36% |
Volatility
XLEP.L vs. USO - Volatility Comparison
The current volatility for Invesco US Energy Sector UCITS ETF (XLEP.L) is 6.58%, while United States Oil Fund LP (USO) has a volatility of 23.20%. This indicates that XLEP.L experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLEP.L | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 23.20% | -16.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 30.85% | -16.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 40.99% | -18.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.92% | 34.65% | -8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 38.58% | -10.73% |