Which returned more over the last year, EEM or USO?

In the year to Sep 12, 2026, with distributions reinvested, EEM returned +32.3% and USO returned +112.2%, so USO returned more. One year is one year; the longer windows are in the table.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

EEM vs USO: how they differ

EEM is an equity index fund and USO a commodity fund, and over the year USO returned more, +112.2% against +32.3%.

iShares MSCI Emerging Markets ETF and United States Oil Fund, LP.

EEM and USO on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	EEM iShares MSCI Emerging Markets ETF	USO United States Oil Fund, LP
Where it sits	Core index fund	Core index fund
Issuer	iShares	United
What it is	Emerging markets	Oil
Total return, 1 year	+32.3%	+112.2%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	+14.8 pts	+94.7 pts
Expense ratio	0.72%	not published
Holdings	1245	not filed

EEM in plain words

EEM is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +32.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.72% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1245 positions, with the top ten at 38.9%. It sat 4.7% below its high of Jun 22, 2026 on Sep 11, 2026.

USO in plain words

USO is a commodity fund tracking the Oil. Over the year to Sep 11, 2026 it returned +112.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. It sat 57.1% below its high of Apr 8, 2011 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, EEM or USO?: In the year to Sep 12, 2026, with distributions reinvested, EEM returned +32.3% and USO returned +112.2%, so USO returned more. One year is one year; the longer windows are in the table.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

EEM against USO, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, EEM against USO, data as of Sep 12, 2026. https://etfiq.com/compare/any/EEM-USO Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources