Snapshot*
Top 10 Holdings
What is USO?
The investment objective of USO is for the changes in percentage terms of its units net asset value (NAV) to reflect the changes in percentage terms of the spot price of light sweet crude oil delivered to Cushing Oklahoma as measured by the changes in the price of the futures contract for light sweet crude oil traded on the New York Mercantile Exchange (the NYMEX) less USOs expenses.
ETFs related toUSO
ETFs correlated to USO include UCO, OILK, BNO
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toUSO
Stoic Finance Presents: Inflation Spiral Hedge
Ride the Oil Trend
Create your own algorithmic trading strategy with USO using Composer
News Related to USO
Asia Mixed, Europe Markets Gain, Dollar Index Slips Amid Credit Rating Downgrade - Global Markets Today While US Slept
May 20, 2025 • by Akanksha Bakshi
Asia And Europe Markets Dip, Dollar Slips After US Credit Downgrade - Global Markets Today While US Slept
May 19, 2025 • by Akanksha Bakshi
'OpenAI To Help UAE Develop One Of World's Biggest Data Centers' - Bloomberg News
May 16, 2025 • by Benzinga NewsdeskU.S. Baker Hughes Oil Rig Count -1 To 473; U.S. Baker Hughes NatGas Rig Count -1 To 100; U.S. Baker Hughes Total Rig Count 576 Vs 578 Prior
May 16, 2025 • by Benzinga NewsdeskFAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.