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United States Oil Fund, LP

USO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 10 2006
Expense Ratio
0.81%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$292,431,948
AUM
$1,556,211,459
Associated Index
Crude Oil - NYMEX traded near month light sweet crude oil futures
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
US DOLLARS
58.96%
n/a
BNY CASH RESERVE
17.70%
n/a
MORGAN STANLEY LIQ GOVT INST 8302
10.26%
n/a
Derivatives offset
-68.58%
Invest with USO

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, USL, OILK

USO
United States Commodity Funds LLC - United States Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
USL
United States Commodity Funds LLC - United States 12 Month Oil Fund LP
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
OIL
Barclays Bank PLC - iPath Pure Beta Crude Oil ETN
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund

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

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with USO using Composer

FAQ

USO is a Global Commodities & Metals ETF. 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.

USO tracks the Crude Oil - NYMEX traded near month light sweet crude oil futures.

No, USO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USO is -0.0864%. This is the percent change in the value of USO over the most recent 1-month period. The 3-month return on USO is -0.0565%. This is the percent change in the value of USO over the most recent 3-month period.

The standard deviation of USO for the past year is 0.3928%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USO include RENW, UNG, and DBE.

ETFs correlated to USO include UCO, USL, and OILK.

ETFs that are inversely correlated to USO include SCO, ERY, and DUG.

Disclaimers

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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.