USO correlations (United States Oil Fund)
Every correlation that matters for USO: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Commodities
Volatility (ann.)
39.4%
3y weekly
Beta vs S&P 500
-0.20
3y weekly
1-year return
+74.1%
price, adjusted
5-year return
+168.6%
price, adjusted
Max drawdown
-32.5%
3y, daily closes
USO over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with USO
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| DJP | iPath Bloomberg Commodity Index Total Return ETN | 0.72 | |
| CHRD | Chord Energy Corporation | 0.70 | |
| EQNR | Equinor ASA | 0.68 | |
| OXY | Occidental Petroleum | 0.65 | |
| OBE | Obsidian Energy Ltd. | 0.65 | |
| SM | SM Energy Company | 0.64 | |
| VET | Vermilion Energy Inc. Common (Canada) | 0.64 | |
| WTI | W&T Offshore, Inc. | 0.64 | |
| FANG | Diamondback Energy | 0.63 | |
| CF | CF Industries | 0.62 | |
| EOG | EOG Resources | 0.62 | |
| BP | BP p.l.c. | 0.62 | |
| CNQ | Canadian Natural Resources Limited | 0.62 | |
| CVE | Cenovus Energy Inc | 0.60 | |
| COP | ConocoPhillips | 0.60 |
Best diversifiers for USO
If the goal is offsetting USO, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| PPG | PPG Industries | -0.45 | |
| AXTA | Axalta Coating Systems Ltd. | -0.43 | |
| SHW | Sherwin-Williams | -0.43 | |
| TPB | Turning Point Brands, Inc. | -0.41 | |
| JETS | US Global Jets ETF | -0.40 | |
| RPM | RPM International Inc. | -0.40 | |
| ALK | Alaska Air Group, Inc. | -0.38 | |
| AAL | American Airlines Group, Inc. | -0.37 | |
| KEP | Korea Electric Power Corporation | -0.36 | |
| NVR | NVR, Inc. | -0.36 |
USO vs benchmarks
USO vs its peers
Get USO data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/uso.jsonCorrelations, diversifiers, beta and volatility for USO, plus one endpoint per pair. API documentation.
