XOVR vs. USO
XOVR (ERShares Entrepreneur Private-Public Crossover ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - XOVR is a Large Cap Growth Equities fund tracking the ER30TR Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 5 years, XOVR returned 6.56%/yr vs 23.67%/yr for USO. At a 0.14 correlation, their price movements are largely independent. XOVR charges 0.75%/yr vs 0.86%/yr for USO.
Performance
XOVR vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, XOVR achieves a 1.54% return, which is significantly lower than USO's 97.72% return.
XOVR
- 1D
- 1.89%
- 1M
- 9.07%
- YTD
- 1.54%
- 6M
- 0.64%
- 1Y
- 12.49%
- 3Y*
- 19.65%
- 5Y*
- 6.56%
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
XOVR vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XOVR ERShares Entrepreneur Private-Public Crossover ETF | 1.54% | 11.83% | 33.21% | 51.89% | -41.09% | -7.24% | 50.39% | 31.72% | -5.02% | 1.68% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 5.26% |
Correlation
The correlation between XOVR and USO is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.14 |
The correlation between XOVR and USO shifts across timeframes, from -0.21 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XOVR vs. USO — Risk / Return Rank
XOVR
USO
XOVR vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ERShares Entrepreneur Private-Public Crossover ETF (XOVR) 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.
| XOVR | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 4.79 | -4.28 |
| Martin ratioReturn relative to average drawdown | 1.14 | 9.00 | -7.85 |
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
| XOVR | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.21 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.66 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | -0.18 | +0.58 |
Drawdowns
XOVR vs. USO - Drawdown Comparison
The maximum XOVR drawdown since its inception was -56.28%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for XOVR and USO.
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Drawdown Indicators
| XOVR | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.28% | -98.19% | +41.91% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | -20.39% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -26.05% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -49.35% | -36.23% | -13.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -5.80% | -85.45% | +79.65% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -75.30% | +56.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 10.84% | +0.11% |
Volatility
XOVR vs. USO - Volatility Comparison
The current volatility for ERShares Entrepreneur Private-Public Crossover ETF (XOVR) is 4.45%, while United States Oil Fund LP (USO) has a volatility of 14.97%. This indicates that XOVR 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
| XOVR | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 14.97% | -10.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 38.35% | -23.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 44.32% | -24.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.16% | 36.09% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 39.00% | -12.12% |
XOVR vs. USO - Expense Ratio Comparison
XOVR has a 0.75% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
XOVR vs. USO - Dividend Comparison
Neither XOVR nor USO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XOVR ERShares Entrepreneur Private-Public Crossover ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 57.75% | 6.31% | 0.08% | 3.71% | 0.08% |
Frequently Asked Questions
XOVR and USO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.97%) compared to XOVR (4.45%). In terms of maximum drawdown, XOVR dropped -56.28% vs USO's -98.19%.
On 5-year performance, USO leads with 23.67% vs 6.56% for XOVR. On fees, XOVR is cheaper at 0.75% per year. On volatility, XOVR has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USO has performed better with a 23.67% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XOVR is cheaper with a 0.75% expense ratio, compared with 0.86% for USO.
XOVR and USO have nearly identical dividend yields, around 0.00%.
XOVR is categorized as Large Cap Growth Equities, while USO is Oil & Gas. XOVR tracks ER30TR Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: EntrepreneurShares and USCF. Their fees differ too: 0.75% for XOVR and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.21 vs 0.62), 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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