USO ETF — United States Oil Fund LP

United States Oil Fund LP (USO)

USO is an ETF that tracks the WTI Crude Oil Futures. As of August 28, 2026, its expense ratio is 0.86%. Fund total return is -76.2% over the past 20.4 years, 836.4 points behind SPY at 760.2%.

United States Oil Fund LP is an ETF that seeks to track the daily percentage changes in the spot price of West Texas Intermediate light sweet crude oil by investing primarily in crude oil futures contracts and related petroleum products. The fund does not currently distribute income to shareholders and carries an annual expense ratio of 0.86%. It appeals to investors seeking direct commodity price exposure to crude oil rather than traditional income-generating investments.

USO performance versus SPY

Data as of August 28, 2026.

Fund total return is -76.2% over the past 20.4 years, 836.4 points behind SPY at 760.2%. Its deepest 1-year drawdown was 32.5%.

USO key facts

Data as of August 28, 2026.

Issuer

USCF Investments

Asset type

ETF

Asset class

Commodity

Inception date

04/10/2006

Expense ratio

0.86%

Distribution frequency

None

Last close

$129.70

AUM

$1,731,484,138

Average volume

2062922.0

Beta

2.28

P/E ratio

39.2284

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: USCF Investments fund page; Index: WTI Crude Oil Futures; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

USO risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 32.5%.

Who may consider USO — and who may not

It is a weaker fit for investors who need monthly cash flow (USO does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from USCF Investments.