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

In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and USO +133.3%.

Which is cheaper, EMB or USO?

EMB is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EMB vs USO: Differences, Returns & Fees

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EMB is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against −0.4%.

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Net assets on Oct 28, 2026: $13.2bn for iShares J.P. Morgan USD Emerging Markets Bond ETF and $1.9bn for United States Oil Fund, LP.

EMB on its own →USO on its own →

At a glance

−0.4%

EMB total return, 1 year

+133.3%

USO total return, 1 year

0.39%

EMB expense ratio

0.86%

USO expense ratio

Pair scorecard

EMB costs 0.47 points a year less; their one-year returns differ by 133.7 points; EMB is 6.9 times larger.

EMB vs USO: Differences, Returns & Fees
Measure	EMB	USO
Return
Measure	EMB	USO
Total return, 1 year	−0.4%	+133.3%
Drawdown
Measure	EMB	USO
Below its high	3.5%, high on Jun 29, 2026	82.3%, high on Jul 14, 2008
Benchmark
Measure	EMB	USO
What it tracks	J.P. Morgan EMBI Global Core Index	Oil futures
Cost and size
Measure	EMB	USO
Expense ratio	0.39%	0.86%
Net assets	$13.2bn	$1.9bn
Holdings
Measure	EMB	USO
Holdings in common	not published

Method

Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer iShares USCF

What it is Tracks the J.P. Morgan USD Emerging Markets Bond Holds oil futures

Total return, 1 year −0.4% +133.3%

Expense ratio 0.39% 0.86%

Holdings 622 not counted

Net assets $13.2bn $1.9bn

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

Alert

About each fund

EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 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, EMB or USO?: In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and USO +133.3%.
Which is cheaper, EMB or USO?: EMB is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs EMB EMB vs SIVR EMB vs SLV EMB vs GLDM IGIB vs USO USO vs VTIP USHY vs USO SHY vs USO

Where to next

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

Sources and dates

EMB filings on SEC EDGAR ↗

EMB prospectus with the expense ratio (SEC) ↗

iShares page for EMB ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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