Data Source: from April 1983 to July 2022
Consolidated Returns as of 31 Jul 2022
Live Update: Aug 15 2022
Category: Commodities
ETF: United States Oil Fund (USO)
ETF • LIVE PERFORMANCE (USD currency)
2.80%
1 Day
Aug 15 2022
6.62%
Current Month
August 2022

In the last 30 Years, the United States Oil Fund (USO) ETF obtained a -2.11% compound annual return, with a 34.38% standard deviation.

The ETF is related to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Crude Oil

Historical Returns as of Jul 31, 2022

Historical returns and stats of United States Oil Fund (USO) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

UNITED STATES OIL FUND (USO) ETF
Consolidated returns as of 31 Jul 2022
Data Source: from April 1983 to July 2022
Swipe left to see all data
Period Return (%)
as of Jul 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Jul 2022
-2.86
-2.85
-2.86
Jul 2022 - Jul 2022
0 - 1
3M
1.15
-1.29
-8.68
Jun 2022 - Jul 2022
1 - 2
6M
24.92
18.54
-8.68
Jun 2022 - Jul 2022
4 - 2
YTD
43.58
35.11
-8.68
Jun 2022 - Jul 2022
5 - 2
1Y
54.07
41.96
31.54
-16.17
Nov 2021 - Nov 2021
8 - 4
67% pos
3Y(*)
-6.77
-11.14
55.52
-81.34
Jan 2020 - Apr 2020
22 - 14
61% pos
5Y(*)
-1.04
-4.75
47.32
-84.60
Oct 2018 - Apr 2020
38 - 22
63% pos
10Y(*)
-11.39
-13.64
39.27
-93.85
Jul 2014 - Apr 2020
63 - 57
53% pos
15Y(*)
-11.26
-13.32
38.37
-97.90
Jul 2008 - Apr 2020
94 - 86
52% pos
20Y(*)
-4.16
-6.52
36.31
-97.90
Jul 2008 - Apr 2020
130 - 110
54% pos
25Y(*)
-2.20
-4.57
36.49
-97.90
Jul 2008 - Apr 2020
161 - 139
54% pos
30Y(*)
-2.11
-4.51
34.38
-97.90
Jul 2008 - Apr 2020
193 - 167
54% pos
MAX(*)
01 Apr 1983
-2.34
-5.05
35.14
-97.90
Jul 2008 - Apr 2020
251 - 221
53% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Jul 2022. Current inflation (annualized) is 1Y: 8.52% , 5Y: 3.89% , 10Y: 2.60% , 30Y: 2.52%

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

Correlations as of Jul 31, 2022

Monthly correlations of United States Oil Fund (USO) ETF vs the main Asset Classes, over different timeframes.

Columns are sortable (click on table header to sort).

UNITED STATES OIL FUND (USO) ETF
Monthly correlations as of 31 Jul 2022
Swipe left to see all data
Correlation vs USO
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.01
0.38
0.34
0.26
0.26
US Large Cap
SPY
0.02
0.36
0.33
0.25
0.25
US Small Cap
IJR
0.06
0.48
0.41
0.32
0.32
US REITs
VNQ
0.05
0.36
0.18
0.16
0.16
US Technology
QQQ
-0.19
0.22
0.21
0.19
0.19
Preferred Stocks
PFF
0.10
0.29
0.21
0.15
0.15
EAFE Stocks
EFA
0.28
0.54
0.46
0.35
0.34
World All Countries
VT
0.11
0.45
0.41
0.32
0.32
Emerging Markets
EEM
0.30
0.42
0.36
0.30
0.30
Europe
VGK
0.27
0.54
0.47
0.32
0.32
Pacific
VPL
0.25
0.47
0.38
0.33
0.32
Latin America
FLLA
0.42
0.51
0.44
0.34
0.34
US Total Bond Market
BND
-0.27
-0.17
-0.20
-0.10
-0.10
Long Term Treasuries
TLT
-0.48
-0.40
-0.41
-0.26
-0.26
US Cash
BIL
-0.03
-0.28
-0.12
0.03
0.03
TIPS
TIP
-0.22
-0.06
-0.05
0.07
0.07
Investment Grade Bonds
LQD
-0.15
0.12
0.04
0.00
0.00
High Yield Bonds
HYG
0.09
0.40
0.40
0.23
0.23
International Bond Market
BNDX
-0.44
-0.11
-0.19
0.00
0.00
Emerging Market Bonds
EMB
0.04
0.40
0.31
0.15
0.16
Gold
GLD
0.20
-0.14
-0.03
0.10
0.10
Commodities
DBC
0.94
0.85
0.86
0.82
0.82

Capital Growth as of Jul 31, 2022

An investment of 1000$, since August 1992, now would be worth 527.80$, with a total return of -47.22% (-2.11% annualized).

The Inflation Adjusted Capital now would be 250.29$, with a net total return of -74.97% (-4.51% annualized).
An investment of 1000$, since April 1983, now would be worth 394.36$, with a total return of -60.56% (-2.34% annualized).

The Inflation Adjusted Capital now would be 130.31$, with a net total return of -86.97% (-5.05% annualized).

Drawdowns

Worst drawdowns since August 1992.

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Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-97.90% Jul 2008 Apr 2020 142 in progress 27 169
-56.71% Jan 1997 Nov 1998 23 Jan 2000 14 37
-42.52% Dec 2000 Nov 2001 12 Feb 2003 15 27
-35.21% Aug 1992 Dec 1993 17 Aug 1996 32 49
-29.51% Mar 2003 Apr 2003 2 Apr 2004 12 14
-23.29% Aug 2006 Jan 2007 6 Oct 2007 9 15
-16.86% Sep 2005 Nov 2005 3 Apr 2006 5 8
-16.05% Nov 2004 Dec 2004 2 Mar 2005 3 5
-15.60% Jul 2000 Jul 2000 1 Aug 2000 1 2
-15.41% Mar 2000 Apr 2000 2 Jun 2000 2 4
-10.25% Apr 2005 Apr 2005 1 Jun 2005 2 3
-7.10% Jun 2004 Jun 2004 1 Jul 2004 1 2
-6.88% Sep 2000 Sep 2000 1 Nov 2000 2 3
-4.59% Nov 2007 Nov 2007 1 Dec 2007 1 2
-4.50% Jan 2008 Jan 2008 1 Feb 2008 1 2
-4.22% Oct 1996 Oct 1996 1 Dec 1996 2 3
-3.84% Aug 2004 Aug 2004 1 Sep 2004 1 2
-0.82% May 2006 May 2006 1 Jun 2006 1 2

Worst drawdowns since April 1983.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-97.90% Jul 2008 Apr 2020 142 in progress 27 169
-71.60% Oct 1990 Nov 1998 98 May 2004 66 164
-67.44% Aug 1983 Mar 1986 32 Sep 1990 54 86
-23.29% Aug 2006 Jan 2007 6 Oct 2007 9 15
-16.86% Sep 2005 Nov 2005 3 Apr 2006 5 8
-16.05% Nov 2004 Dec 2004 2 Mar 2005 3 5
-10.25% Apr 2005 Apr 2005 1 Jun 2005 2 3
-7.10% Jun 2004 Jun 2004 1 Jul 2004 1 2
-4.59% Nov 2007 Nov 2007 1 Dec 2007 1 2
-4.50% Jan 2008 Jan 2008 1 Feb 2008 1 2
-3.84% Aug 2004 Aug 2004 1 Sep 2004 1 2
-1.24% May 1983 May 1983 1 Jun 1983 1 2
-0.82% May 2006 May 2006 1 Jun 2006 1 2

Rolling Returns ( more details)

United States Oil Fund (USO) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
4.09 148.00
Mar 1999 - Feb 2000
-82.02
May 2019 - Apr 2020
50.54%
2 Years
-0.77 100.89
May 2020 - Apr 2022
-58.38
May 2018 - Apr 2020
53.67%
3 Years
-2.02 40.71
May 2003 - Apr 2006
-38.43
May 2017 - Apr 2020
55.61%
5 Years
-1.55 34.82
Jul 2003 - Jun 2008
-34.94
May 2015 - Apr 2020
56.90%
7 Years
-1.38 26.99
Feb 1999 - Jan 2006
-31.32
May 2013 - Apr 2020
51.93%
10 Years
-0.61 25.23
Jul 1998 - Jun 2008
-24.80
May 2010 - Apr 2020
43.63%
15 Years
0.72 14.00
Jul 1993 - Jun 2008
-17.40
May 2005 - Apr 2020
39.59%
20 Years
1.46 11.53
Jul 1988 - Jun 2008
-10.46
May 2000 - Apr 2020
34.33%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the United States Oil Fund (USO) ETF: Rolling Returns page.

Seasonality

United States Oil Fund (USO) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
-0.60
51%
-0.15
56%
1.48
67%
2.20
60%
1.16
48%
0.84
50%
0.10
68%
2.35
54%
1.73
51%
-2.35
41%
-2.95
36%
0.24
56%
Best
Year
17.5
2019
17.4
2021
36.6
1999
28.0
1986
35.4
2020
14.5
1999
21.2
1990
42.6
1986
44.6
1990
17.2
2011
22.7
2020
19.6
1986
Worst
Year
-28.4
1986
-29.6
1986
-55.4
2020
-43.2
2020
-17.8
2012
-13.4
1988
-21.6
2015
-11.2
1994
-13.9
2001
-32.2
2008
-24.3
2008
-21.4
2008
Statistics calculated for the period Apr 1983 - Jul 2022

Monthly/Yearly Returns

United States Oil Fund (USO) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
251 Positive Months (53%) - 221 Negative Months (47%)
Apr 1983 - Jul 2022
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Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
+43.58 +35.11 14.9 8.0 9.8 4.1 10.8 -6.0 -2.9
2021
+64.68 +53.85 6.6 17.4 -1.9 6.8 5.0 9.8 1.6 -5.2 9.4 8.7 -16.2 13.5
2020
-67.79 -68.22 -15.4 -12.8 -55.4 -43.2 35.4 8.4 3.6 5.2 -7.5 -10.7 22.7 6.6
2019
+32.61 +29.65 17.5 5.3 4.6 6.3 -16.5 8.5 0.0 -4.8 -1.0 -0.4 2.8 10.2
2018
-19.57 -21.07 8.1 -4.7 5.8 5.4 -1.8 11.1 -5.2 3.0 5.5 -11.1 -22.2 -10.0
2017
+2.47 +0.36 -3.4 1.1 -7.1 -3.8 -2.7 -4.6 8.2 -6.3 8.3 4.8 4.9 4.7
2016
+6.55 +4.38 -12.3 -6.7 7.8 16.5 5.0 -2.5 -15.6 6.1 5.5 -3.7 3.8 7.2
2015
-45.97 -46.36 -12.5 1.6 -7.0 21.8 -1.0 -2.1 -21.6 1.9 -7.6 0.9 -12.7 -14.9
2014
-42.36 -42.79 -1.5 5.6 -0.4 -0.7 3.7 3.2 -6.6 -1.5 -3.8 -11.0 -16.5 -20.4
2013
+5.84 +4.28 5.7 -6.3 5.1 -4.6 -1.7 4.8 9.3 3.0 -4.2 -5.9 -3.5 5.6
2012
-12.44 -13.94 -0.8 8.2 -4.1 1.1 -17.8 -2.4 2.7 9.8 -4.9 -6.9 2.5 2.5
2011
-2.28 -5.09 -1.0 1.5 8.7 6.0 -10.3 -8.0 0.5 -7.8 -11.6 17.2 8.5 -1.7
2010
-0.71 -2.18 -9.3 8.9 3.8 2.6 -17.6 -0.2 4.1 -9.7 9.1 0.9 2.5 8.2
2009
+18.67 +15.53 -11.7 -7.4 7.4 -1.4 27.1 4.2 -3.0 -2.1 0.4 8.6 -0.4 0.3
2008
-56.31 -56.35 -4.5 11.2 1.2 13.7 11.4 10.3 -12.0 -7.1 -11.7 -32.2 -24.3 -21.4
2007
+46.82 +41.06 -6.5 6.1 4.2 -4.0 -4.4 8.3 10.4 -4.7 12.1 17.1 -4.6 8.4
2006
+0.02 -2.46 11.3 -9.6 8.5 7.9 -0.8 3.7 0.6 -5.6 -10.5 -6.6 7.5 -3.3
2005
+40.48 +35.84 10.9 7.4 7.1 -10.3 4.5 8.7 7.2 13.8 -3.9 -9.8 -4.1 6.5
2004
+33.61 +29.40 1.6 9.4 -1.1 4.5 6.7 -7.1 18.2 -3.8 17.9 4.3 -5.1 -11.6
2003
+4.23 +2.31 7.4 9.2 -15.2 -16.9 14.6 2.1 1.2 3.4 -7.5 -0.3 4.5 6.9
2002
+57.26 +53.61 -1.8 11.6 21.0 3.7 -7.3 6.1 0.6 7.3 5.1 -10.6 -1.2 16.0
2001
-25.97 -27.10 6.9 -4.4 -4.0 8.3 -0.3 -7.5 0.4 3.2 -13.9 -9.6 -8.2 2.1
2000
+4.69 +1.26 8.0 10.1 -11.6 -4.3 12.7 12.0 -15.6 20.7 -6.9 6.0 3.4 -20.8
1999
+112.45 +106.89 5.8 -3.8 36.6 11.3 -9.8 14.5 6.4 7.7 10.9 -11.3 13.1 4.1
1998
-31.69 -32.77 -2.4 -10.3 1.1 -1.4 -1.2 -6.7 0.2 -6.1 21.0 -10.7 -22.2 7.4
1997
-31.94 -33.08 -6.8 -15.9 0.5 -1.0 3.3 -5.2 1.7 -2.6 8.0 -0.5 -9.2 -7.9
1996
+32.58 +28.32 -9.3 10.1 9.9 -1.3 -6.8 5.9 -2.4 9.0 9.6 -4.2 1.7 9.1
1995
+10.08 +7.35 3.5 0.5 3.7 6.3 -7.3 -7.9 0.9 1.6 -1.7 0.6 3.1 7.5
1994
+25.34 +22.07 7.2 -4.7 2.1 14.3 8.3 5.8 2.1 -11.2 4.7 -1.1 -0.8 -1.6
1993
-27.33 -29.28 3.9 1.7 -0.8 0.4 -2.5 -5.8 -5.1 2.3 2.7 -10.0 -8.8 -8.2
1992
+1.99 -0.89 -1.2 -1.2 4.1 7.3 6.0 -2.3 1.3 -1.8 1.1 -5.0 -3.5 -2.0
1991
-32.77 -34.77 -24.3 -11.0 2.5 6.8 0.8 -2.7 5.4 2.7 -0.1 5.1 -8.1 -11.0
1990
+30.34 +22.84 3.9 -5.0 -5.8 -8.6 -6.1 -1.9 21.2 32.0 44.6 -10.8 -18.1 -1.4
1989
+26.57 +20.95 -1.2 6.6 11.2 1.1 -2.5 1.9 -9.7 2.8 6.9 -0.9 -0.3 9.7
1988
+3.23 -1.14 1.4 -5.5 6.7 5.3 -2.7 -13.4 7.6 -6.9 -11.9 1.6 12.8 12.5
1987
-6.91 -10.86 4.5 -11.5 13.4 -0.5 3.5 4.7 5.3 -7.7 -0.7 1.9 -7.3 -9.8
1986
-31.79 -32.53 -28.4 -29.6 -21.4 28.0 7.2 -10.6 -12.8 42.6 -7.1 3.4 -1.8 19.6
1985
-0.42 -4.06 0.0 1.2 5.8 -2.3 0.8 -3.5 0.9 3.5 3.6 4.5 -2.1 -11.6
1984
-10.78 -14.17 1.3 1.9 1.0 -1.9 1.9 -3.5 -7.2 5.9 1.5 -4.0 -4.0 -3.3
1983
- - 4.6 -1.2 3.7 2.0 -1.3 -3.9 0.0 -3.8 1.3

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

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