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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and USO +133.3%.

Which is cheaper, BIL or USO?

BIL is cheaper, by 0.72 percentage points a year. That is about $72 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs USO: Differences, Returns & Fees

Share on X Download as PDF

BIL is a short-term Treasury fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +3.7%.

askIQ about this page

askIQ about BIL and USO

Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

BIL on its own →USO on its own →

At a glance

+3.7%

BIL total return, 1 year

+133.3%

USO total return, 1 year

0.14%

BIL expense ratio

0.86%

USO expense ratio

Pair scorecard

BIL costs 0.72 points a year less; their one-year returns differ by 129.6 points; BIL is far larger, $48.7bn against $1.9bn.

BIL vs USO: Differences, Returns & Fees
Measure	BIL	USO
Return
Measure	BIL	USO
Total return, 1 year	+3.7%	+133.3%
Drawdown
Measure	BIL	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	BIL	USO
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Oil futures
Cost and size
Measure	BIL	USO
Expense ratio	0.14%	0.86%
Net assets, as of Oct 27, 2026	$48.7bn	$1.9bn
Holdings
Measure	BIL	USO
Holdings in common	not published

Method

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer State Street USCF

What it is Tracks an index of 1-3 month T-bills Holds oil futures

Total return, 1 year +3.7% +133.3%

Expense ratio 0.14% 0.86%

Holdings 26 not counted

Net assets, BIL as of Oct 27, 2026 and USO as of Oct 28, 2026 $48.7bn $1.9bn

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

Alert

About each fund

BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

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, BIL or USO?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and USO +133.3%.
Which is cheaper, BIL or USO?: BIL is cheaper, by 0.72 percentage points a year. That is about $72 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs SIVR BIL vs BWET BIL vs SLV BIL vs GLD SHV vs USO PULS vs USO USFR vs USO MINT vs USO

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.