- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$34.41
- Net Assets:$641.1 Million
- Peer Rank:83 of 120
- Investment Rating:D-
We rate United States Oil Fund at D-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The United States Oil Fund has returned an annual rate of -7.78% since inception. More recently, the fund has generated a total return of -1.90% in the last five years, 1.77% in the last three years, and -9.49% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 11% of them. It has also outpaced 21% of its competitors on a three year basis and 10% of them over the last year for the period ending 9/30/2014. On a year to date basis, USO has returned -4.39%.
Downside risk has been below average. USO has a draw down risk of -22.34%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 9/30/2014, the fund was trading at a price of $34.41, which is 3.8% below its 52-week high of $35.76 and 1.5% above its 52-week low of $33.91.
High expense ratio hinders performance. On total assets of $641.10 million, USO maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 0.76% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As USO is an exchange traded fund, it has no front end or back end load.
The United States Oil Fund is managed by John T. Hyland at United States Commodity Funds LLC. This fund is one of 12 United States Commodity Funds LLC exchange-traded funds launched since 4/10/2006 that we track.
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