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

In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and USO +133.3%.

Which is cheaper, AOR or USO?

AOR is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

AOR vs USO: Differences, Returns & Fees

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AOR is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +7.8%.

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Net assets on Oct 28, 2026: $3.9bn for iShares Core 60/40 Balanced Allocation ETF and $1.9bn for United States Oil Fund, LP.

AOR on its own →USO on its own →

At a glance

+7.8%

AOR total return, 1 year

+133.3%

USO total return, 1 year

0.15%

AOR expense ratio

0.86%

USO expense ratio

Pair scorecard

AOR costs 0.71 points a year less; their one-year returns differ by 125.5 points; AOR is 2.1 times larger.

AOR vs USO: Differences, Returns & Fees
Measure	AOR	USO
Return
Measure	AOR	USO
Total return, 1 year	+7.8%	+133.3%
Drawdown
Measure	AOR	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	AOR	USO
What it tracks	60/40 Balanced Allocation	Oil futures
Cost and size
Measure	AOR	USO
Expense ratio	0.15%	0.86%
Net assets	$3.9bn	$1.9bn
Holdings
Measure	AOR	USO
Holdings in common	not published
In the S&P 500, by weight	0%
Holdings dated	Oct 27, 2026
Top ten holdings, share of the fund	99.9%

Method

Risk and return

Nov 21, 2008 to Oct 23, 2026 · 935 weekly returns

AOR USO

Return

Total return edge AOR +374.6% −48.3%

Annualized edge AOR +9.0% −3.6%

Price return edge AOR +209.7% −48.3%

Risk

Volatility edge AOR 12.6% 37.8%

Max drawdown edge AOR −24.1% −94.8%

Risk-adjusted

Sharpe edge AOR 0.63 0.06

Sortino edge AOR 1.01 0.08

Calmar edge AOR 0.38 −0.04

Reading

AOR returned more: +374.6% to −48.3%. AOR swung less: 12.6% to 37.8%. AOR fell less at its worst: −24.1% to −94.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AOR vs USO: Differences, Returns & Fees
Measure	AOR	USO	Edge	How it is measured
Return
Total return	+374.6%	−48.3%	AOR	Price change plus distributions, reinvested.
Annualized	+9.0%	−3.6%	AOR	Total return as a yearly rate.
Price return	+209.7%	−48.3%	AOR	Price change alone, distributions left out.
Risk
Volatility	12.6%	37.8%	AOR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.9%	26.9%	AOR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.1%	−94.8%	AOR	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.63	0.06	AOR	Return above Treasury bills per unit of volatility.
Sortino	1.01	0.08	AOR	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	−0.04	AOR	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 935 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF USO United States Oil Fund, LP

Where it sits Allocation ETF Commodity ETF

Issuer iShares USCF

What it is Tracks an index of 60/40 Balanced Allocation Holds oil futures

Total return, 1 year +7.8% +133.3%

Its benchmark over the same days +13.4% (ACWI) not measured

Gap to its benchmark −5.6 pts vs ACWI not measured

Expense ratio 0.15% 0.86%

Holdings 7 not counted

Net assets $3.9bn $1.9bn

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

Client brief · page 1 of 2 Report BR-27D6466283

AOR and USO do different jobs. What does each one do in a portfolio?

What each follows. AOR follows 60/40 Balanced Allocation and USO follows Oil futures.
One-year total return. Over 1 year to Oct 28, 2026 AOR returned +7.8% and USO +133.3% with distributions reinvested, a gap of 125.5 points.
Cost. AOR charges 0.15% of assets a year and USO 0.86%, a gap of 0.71 points.

Data as of Oct 28, 2026.

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About each fund

AOR

AOR tracks an index of 60/40 Balanced Allocation. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.4% for its benchmark, the MSCI All Country World Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 7 positions, with the top ten at 99.9%.

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, AOR or USO?: In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and USO +133.3%.
Which is cheaper, AOR or USO?: AOR is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AOR vs SIVR AOR vs BWET AOR vs SLV AOR vs GLD CGBL vs USO IYR vs USO HYMB vs USO FXI vs USO

Where to next

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

Sources and dates

AOR filings on SEC EDGAR ↗

AOR prospectus with the expense ratio (SEC) ↗

iShares page for AOR ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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