IQ

Data as of Oct 28, 2026.

vsCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Across categories

EEM vs USO: Differences, Returns & Fees

Share
Share on XDownload as PDF

EEM is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +16.3%.

askIQ about this page

askIQ about EEM and USO

Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

EEM on its own →USO on its own →
At a glance
+16.3%
EEM total return, 1 year
+133.3%
USO total return, 1 year
0.72%
EEM expense ratio
0.86%
USO expense ratio

Pair scorecard

EEM costs 0.14 points a year less; their one-year returns differ by 117.0 points; EEM is 15.3 times larger.

EEM vs USO: Differences, Returns & Fees
MeasureEEMUSO
Return
Total return, 1 year+16.3%+133.3%
Drawdown
Below its high10.8%, high on Jun 22, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksMSCI Emerging Markets IndexOil futures
Cost and size
Expense ratio0.72%0.86%
Net assets, as of Oct 27, 2026$29.1bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund37.2%

Method

Side by side

EEM iShares MSCI Emerging Markets ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer iShares USCF
What it is Tracks an index of Emerging markets Holds oil futures
Total return, 1 year +16.3% +133.3%
Expense ratio 0.72% 0.86%
Holdings 1186 not counted
Net assets, EEM as of Oct 27, 2026 and USO as of Oct 28, 2026 $29.1bn $1.9bn

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

Alert

EEM and USO flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% 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 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 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

Which returned more over the last year, EEM or USO?
In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and USO +133.3%.
Which is cheaper, EEM or USO?
EEM is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BWET vs EEMEEM vs SIVREEM vs SLVEEM vs GLDMUSO vs VWOIEMG vs USOEMXC vs USOAVEM vs USO
Where to next
EEM on its own →USO on its own →Hold both: look the portfolio through →Rankings →EEM dividend history →EEM holdings →Standards and sources →
Sources and dates
EEM filings on SEC EDGAR ↗
EEM prospectus with the expense ratio (SEC) ↗
iShares page for EEM ↗
USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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