Data as of Oct 28, 2026.
BITO vs USO: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to USO's +133.3%, and USO charges 0.86% to BITO's 0.95%.
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Net assets on Oct 28, 2026: $1.6bn for ProShares Bitcoin ETF and $1.9bn for United States Oil Fund, LP.
Pair scorecard
USO costs 0.09 points a year less; their one-year returns differ by 163.8 points; USO is 1.2 times larger.
| Measure | BITO | USO |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +133.3% |
| Drawdown | ||
| Below its high | 82.3%, high on Jul 14, 2008 | |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Oil futures |
| Cost and size | ||
| Expense ratio | 0.95% | 0.86% |
| Net assets | $1.6bn | $1.9bn |
| Holdings | ||
| Holdings in common | not published | |
Side by side
BITO and USO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BITO is a registered fund that reaches Bitcoin through what its N-PORT for Aug 31, 2026 lists: Bitcoin futures and swaps on Bitcoin. Over the year to Oct 28, 2026, Bitcoin moved −28.3% and BITO returned −30.5%. That leaves it 2.2 percentage points behind. BITO is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Aug 31, 2026 puts 67.9% of its net assets in ProShares GENIUS Money Market ETF.
A holder gets exposure to Bitcoin without the fund holding the coin itself. That difference is the fee, the cost of rolling the futures from one month to the next, what the futures traded at against Bitcoin, and what the market paid for the shares, all of it together. It is the only number on this page the sponsor does not publish itself.
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 BITO and USO in the same category?
- BITO is a crypto futures 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, BITO or USO?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and USO +133.3%.
- Which is cheaper, BITO or USO?
- USO is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, BITO against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-uso
ETFIQ. (Oct 28, 2026). BITO against USO. Retrieved from https://etfiq.com/compare/any/bito-vs-uso
[BITO against USO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-uso)
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