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

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and USO +133.3%.

Which is cheaper, ACWI or USO?

ACWI is cheaper, by 0.54 percentage points a year. That is about $54 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

ACWI vs USO: Differences, Returns & Fees

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ACWI is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +13.4%.

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Net assets on Oct 28, 2026: $33.0bn for iShares MSCI ACWI ETF and $1.9bn for United States Oil Fund, LP.

ACWI on its own →USO on its own →

At a glance

+13.4%

ACWI total return, 1 year

+133.3%

USO total return, 1 year

0.32%

ACWI expense ratio

0.86%

USO expense ratio

Pair scorecard

ACWI costs 0.54 points a year less; their one-year returns differ by 119.9 points; ACWI is 17.4 times larger.

ACWI vs USO: Differences, Returns & Fees
Measure	ACWI	USO
Return
Measure	ACWI	USO
Total return, 1 year	+13.4%	+133.3%
Drawdown
Measure	ACWI	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	ACWI	USO
What it tracks	MSCI ACWI	Oil futures
Cost and size
Measure	ACWI	USO
Expense ratio	0.32%	0.86%
Net assets	$33.0bn	$1.9bn
Holdings
Measure	ACWI	USO
Holdings in common	not published
In the S&P 500, by weight	61%
Holdings dated	Oct 27, 2026
Top ten holdings, share of the fund	24.9%

Method

Side by side

ACWI iShares MSCI ACWI ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer iShares USCF

What it is Tracks the MSCI ACWI Holds oil futures

Total return, 1 year +13.4% +133.3%

Expense ratio 0.32% 0.86%

Holdings 2197 not counted

Net assets $33.0bn $1.9bn

ACWI and USO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

ACWI

ACWI tracks the MSCI ACWI. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2,197 positions, with the top ten at 24.9%.

USO

USO holds oil futures. Over the year to Oct 28, 2026 it returned +133.3% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 82.3% below its high of Jul 14, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or USO?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and USO +133.3%.
Which is cheaper, ACWI or USO?: ACWI is cheaper, by 0.54 percentage points a year. That is about $54 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

ACWI vs SIVR ACWI vs BWET ACWI vs SLV ACWI vs GLD USO vs VT URTH vs USO IDEV vs USO USO vs VGK

Where to next

ACWI on its own →USO on its own →Hold both: look the portfolio through →Rankings →ACWI dividend history →ACWI holdings →Standards and sources →

Sources and dates

ACWI filings on SEC EDGAR ↗

ACWI prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

USCF website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, ACWI against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-uso

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