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USO ETF — United States Oil Fund LP
United States Oil Fund LP (USO)
Updated October 16, 2026.
USO is an ETF linked to WTI Crude Oil Futures. its expense ratio is 0.86%. Total return is -70.3% over the past 20.5 years, 825.8 points behind SPY at 755.5%.
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 holdings and sector exposure
Holdings are not available for this snapshot.
USO performance versus SPY
Price and return data through 2026-10-16.
Total return is -70.3% over the past 20.5 years, 825.8 points behind SPY at 755.5%. Over the past year its total return — price change plus distributions reinvested — is 138.6%. Its deepest 1-year drawdown was 32.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 3.6% | — |
| 3M | 35.6% | — |
| 6M | 28.5% | — |
| YTD | 133.9% | — |
| 1Y | 138.6% | — |
| 2Y CAGR | — | 49.50% |
| 3Y CAGR | — | 27.30% |
| 5Y CAGR | — | 23.10% |
| 10Y CAGR | — | 5.90% |
| Since inception (20.5 years) | -70.3% | -5.70% |
USO key facts
- Issuer
- USCF Investments
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 04/10/2006
- Expense ratio
- 0.86%
- Distribution frequency
- None
- Last close
- $161.76 (as of 2026-10-16)
- AUM
- $1,660,930,185
- Average volume
- 6698089.0
- Beta
- 2.18
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: USCF Investments or company 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 whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on USO
Frequently asked questions
Does USO pay monthly?
No. USO does not currently distribute.
What is USO linked to?
USO is linked to WTI Crude Oil Futures, not a broad market index.
What is USO's expense ratio?
USO's expense ratio is 0.86%.
When does USO pay a dividend?
USO does not currently distribute.
How has USO performed?
Total return is -70.3% over the past 20.5 years, 825.8 points behind SPY at 755.5%. Over the past year its total return — price change plus distributions reinvested — is 138.6%. Its deepest 1-year drawdown was 32.5%.
More securities from USCF Investments.
Tickers
Holdings as-of date unavailable.
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