United States Oil Fund (USO): Rolling Returns
When holding the United States Oil Fund (USO) ETF, how long should you stay invested to have high probability to achieve a positive return?
Over the selected period (~43 years), the longest duration with a negative return was 519 months (from April 1983 to June 2026). This negative serie is not closed yet.
Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.
Previous vs subsequent Returns
Is there a correlation between past and future returns over all 10-year rolling periods?
The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).
Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.
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As of Jun 30, 2026, the annualized return of the previous 10 years has been 1.41%.
Rolling Returns
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
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Rolling Period Analysis
By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.
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| Worst | Median | Best | Negative Periods |
|---|---|---|---|
|
-82.02%
May 2019 - Apr 2020 |
+0.45% |
+148.00%
Mar 1999 - Feb 2000 |
49.41%
251 out of 508 |
|
-82.08%
May 2019 - Apr 2020 |
-2.21% |
+140.27%
Mar 1999 - Feb 2000 |
53.54%
272 out of 508 |
|
-58.38%
May 2018 - Apr 2020 |
-0.05% |
+100.89%
May 2020 - Apr 2022 |
50.00%
248 out of 496 |
|
-58.87%
May 2018 - Apr 2020 |
-2.97% |
+89.19%
May 2020 - Apr 2022 |
56.65%
281 out of 496 |
|
-38.43%
May 2017 - Apr 2020 |
-0.91% |
+52.27%
May 2020 - Apr 2023 |
52.48%
254 out of 484 |
|
-39.40%
May 2017 - Apr 2020 |
-3.54% |
+43.97%
May 2020 - Apr 2023 |
60.74%
294 out of 484 |
|
-32.18%
May 2016 - Apr 2020 |
-1.70% |
+42.29%
May 2020 - Apr 2024 |
53.18%
251 out of 472 |
|
-33.35%
May 2016 - Apr 2020 |
-4.39% |
+35.31%
May 2020 - Apr 2024 |
62.29%
294 out of 472 |
|
-34.94%
May 2015 - Apr 2020 |
-1.98% |
+34.82%
Jul 2003 - Jun 2008 |
57.83%
266 out of 460 |
|
-35.99%
May 2015 - Apr 2020 |
-5.05% |
+30.26%
Jul 2003 - Jun 2008 |
68.26%
314 out of 460 |
|
-36.46%
May 2014 - Apr 2020 |
-2.33% |
+40.50%
May 2020 - Apr 2026 |
60.49%
271 out of 448 |
|
-37.30%
May 2014 - Apr 2020 |
-5.47% |
+34.52%
May 2020 - Apr 2026 |
68.75%
308 out of 448 |
|
-31.32%
May 2013 - Apr 2020 |
-1.46% |
+26.99%
Feb 1999 - Jan 2006 |
55.96%
244 out of 436 |
|
-32.29%
May 2013 - Apr 2020 |
-4.75% |
+23.58%
Feb 1999 - Jan 2006 |
66.97%
292 out of 436 |
|
-29.62%
May 2012 - Apr 2020 |
-1.35% |
+24.10%
Dec 1998 - Nov 2006 |
54.72%
232 out of 424 |
|
-30.59%
May 2012 - Apr 2020 |
-4.28% |
+20.92%
Dec 1998 - Nov 2006 |
62.97%
267 out of 424 |
|
-27.86%
May 2011 - Apr 2020 |
-0.25% |
+25.56%
Mar 1999 - Feb 2008 |
50.49%
208 out of 412 |
|
-28.92%
May 2011 - Apr 2020 |
-3.11% |
+22.04%
Mar 1999 - Feb 2008 |
62.62%
258 out of 412 |
|
-24.80%
May 2010 - Apr 2020 |
+0.34% |
+25.23%
Jul 1998 - Jun 2008 |
48.75%
195 out of 400 |
|
-26.02%
May 2010 - Apr 2020 |
-2.70% |
+21.65%
Jul 1998 - Jun 2008 |
61.50%
246 out of 400 |
|
-20.49%
Nov 2009 - Oct 2020 |
-0.15% |
+19.02%
Jul 1997 - Jun 2008 |
50.77%
197 out of 388 |
|
-21.81%
Nov 2009 - Oct 2020 |
-3.37% |
+15.76%
Jul 1997 - Jun 2008 |
58.76%
228 out of 388 |
|
-26.26%
May 2008 - Apr 2020 |
-0.33% |
+16.77%
Jul 1996 - Jun 2008 |
50.80%
191 out of 376 |
|
-27.36%
May 2008 - Apr 2020 |
-3.20% |
+13.63%
Jul 1996 - Jun 2008 |
59.31%
223 out of 376 |
|
-21.49%
Nov 2007 - Oct 2020 |
+1.22% |
+17.03%
Jul 1995 - Jun 2008 |
48.08%
175 out of 364 |
|
-22.79%
Nov 2007 - Oct 2020 |
-1.48% |
+13.88%
Jul 1995 - Jun 2008 |
57.14%
208 out of 364 |
|
-20.63%
May 2006 - Apr 2020 |
+0.42% |
+14.84%
Jul 1994 - Jun 2008 |
49.43%
174 out of 352 |
|
-22.01%
May 2006 - Apr 2020 |
-2.64% |
+11.72%
Jul 1994 - Jun 2008 |
56.53%
199 out of 352 |
|
-17.40%
May 2005 - Apr 2020 |
+0.49% |
+14.00%
Jul 1993 - Jun 2008 |
47.94%
163 out of 340 |
|
-18.92%
May 2005 - Apr 2020 |
-2.52% |
+10.92%
Jul 1993 - Jun 2008 |
56.18%
191 out of 340 |
|
-15.15%
Nov 2004 - Oct 2020 |
+0.55% |
+12.11%
Jul 1992 - Jun 2008 |
47.56%
156 out of 328 |
|
-16.78%
Nov 2004 - Oct 2020 |
-2.58% |
+9.07%
Jul 1992 - Jun 2008 |
54.27%
178 out of 328 |
|
-13.78%
Jul 2008 - Jun 2025 |
+0.43% |
+11.68%
Jul 1991 - Jun 2008 |
48.10%
152 out of 316 |
|
-15.74%
Jul 2008 - Jun 2025 |
-2.72% |
+8.64%
Jul 1991 - Jun 2008 |
53.80%
170 out of 316 |
|
-11.83%
May 2002 - Apr 2020 |
-0.09% |
+12.15%
Jul 1990 - Jun 2008 |
50.33%
153 out of 304 |
|
-13.56%
May 2002 - Apr 2020 |
-2.58% |
+8.99%
Jul 1990 - Jun 2008 |
57.57%
175 out of 304 |
|
-11.44%
May 2001 - Apr 2020 |
+0.41% |
+10.47%
Jul 1989 - Jun 2008 |
47.95%
140 out of 292 |
|
-13.16%
May 2001 - Apr 2020 |
-2.44% |
+7.26%
Jul 1989 - Jun 2008 |
61.30%
179 out of 292 |
|
-10.46%
May 2000 - Apr 2020 |
+0.62% |
+11.53%
Jul 1988 - Jun 2008 |
45.36%
127 out of 280 |
|
-12.25%
May 2000 - Apr 2020 |
-1.88% |
+8.17%
Jul 1988 - Jun 2008 |
60.36%
169 out of 280 |
|
-7.60%
May 1995 - Apr 2020 |
-1.07% |
+6.51%
Apr 1986 - Mar 2011 |
61.36%
135 out of 220 |
|
-9.51%
May 1995 - Apr 2020 |
-3.27% |
+3.50%
Apr 1986 - Mar 2011 |
77.73%
171 out of 220 |
|
-7.21%
Oct 1990 - Sep 2020 |
-1.36% |
+1.49%
Aug 1984 - Jul 2014 |
80.63%
129 out of 160 |
|
-9.27%
Oct 1990 - Sep 2020 |
-3.85% |
-1.27%
Aug 1984 - Jul 2014 |
100.00%
160 out of 160 |