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Data as of Oct 28, 2026.

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AIRR vs USO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AIRR returned −0.2% to USO's +133.3%, and AIRR charges 0.69% to USO's 0.86%.

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Net assets: $8.4bn on Oct 27, 2026 for First Trust RBA American Industrial Renaissance ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

AIRR on its own →USO on its own →
At a glance
−0.2%
AIRR total return, 1 year
+133.3%
USO total return, 1 year
0.69%
AIRR expense ratio
0.86%
USO expense ratio

Pair scorecard

AIRR costs 0.17 points a year less; their one-year returns differ by 133.5 points; AIRR is 4.4 times larger.

AIRR vs USO: Differences, Returns & Fees
MeasureAIRRUSO
Return
Total return, 1 year−0.2%+133.3%
Drawdown
Below its all-time high25.5%, high on Jun 22, 2026
Below its high82.3%, high on Jul 14, 2008
Against its benchmark
What it tracksReshoring and manufacturingOil futures
Against the S&P 500, 1 yearbehind by 13.9 pts
Against its benchmark, 1 yearbehind by 13.9 pts
Cost and size
Expense ratio0.69%0.86%
Net assets, as of Oct 27, 2026$8.4bn$1.9bn
Active share vs the S&P 500100%
Holdings
Holdings in commonnot published
In the S&P 500, by weight15%
Top ten holdings, share of the fund33%

Method

Side by side

AIRR First Trust RBA American Industrial Renaissance ETF USO United States Oil Fund, LP
Where it sits Thematic ETF Commodity ETF
Issuer First Trust USCF
What it is Reshoring and manufacturing Holds oil futures
Total return, 1 year −0.2% +133.3%
Its benchmark over the same days +13.7% (VOO) not measured
Gap to its benchmark −13.9 pts vs VOO not measured
Expense ratio 0.69% 0.86%
Holdings 55 not counted
Net assets, AIRR as of Oct 27, 2026 and USO as of Oct 28, 2026 $8.4bn $1.9bn

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

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About each fund
AIRR

By weight, 15% of AIRR's portfolio is stocks that are also in the S&P 500, from its filing for Jun 30, 2026; its active share against the S&P 500 is 100%.

The top ten holdings are 33% of the fund across 55 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 25.5% below its all-time high of Jun 22, 2026.

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

Are AIRR and USO in the same category?
AIRR is a thematic ETF and USO is a commodity ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AIRR or USO?
In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and USO +133.3%.
Which is cheaper, AIRR or USO?
AIRR is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
AIRR vs BWETAIRR vs SLVAIRR vs IAUAIRR vs GLDUSO vs XBIIBB vs USOGDX vs USOREMX vs USO
Where to next
AIRR on its own →USO on its own →Hold both: look the portfolio through →Rankings →AIRR dividend history →AIRR holdings →Standards and sources →
Sources and dates
AIRR filings on SEC EDGAR ↗
AIRR prospectus with the expense ratio (SEC) ↗
First Trust page for AIRR ↗
USCF website ↗

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

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

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