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

In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and USO +133.3%.

Which is cheaper, EMXC or USO?

EMXC is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EMXC vs USO: Differences, Returns & Fees

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EMXC is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +33.8%.

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Net assets on Oct 28, 2026: $26.9bn for iShares MSCI Emerging Markets ex China ETF and $1.9bn for United States Oil Fund, LP.

EMXC on its own →USO on its own →

At a glance

+33.8%

EMXC total return, 1 year

+133.3%

USO total return, 1 year

0.25%

EMXC expense ratio

0.86%

USO expense ratio

Pair scorecard

EMXC costs 0.61 points a year less; their one-year returns differ by 99.5 points; EMXC is 14.2 times larger.

EMXC vs USO: Differences, Returns & Fees
Measure	EMXC	USO
Return
Measure	EMXC	USO
Total return, 1 year	+33.8%	+133.3%
Drawdown
Measure	EMXC	USO
Below its high	11.3%, high on Jun 22, 2026	82.3%, high on Jul 14, 2008
Benchmark
Measure	EMXC	USO
What it tracks	MSCI Emerging Markets ex China Index	Oil futures
Cost and size
Measure	EMXC	USO
Expense ratio	0.25%	0.86%
Net assets	$26.9bn	$1.9bn
Holdings
Measure	EMXC	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	42.2%

Method

Side by side

EMXC iShares MSCI Emerging Markets ex China ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer iShares USCF

What it is Tracks the MSCI Emerging Markets ex China Holds oil futures

Total return, 1 year +33.8% +133.3%

Its benchmark over the same days +37.0% (KEMX) not measured

Gap to its benchmark −3.2 pts vs KEMX not measured

Expense ratio 0.25% 0.86%

Holdings 696 not counted

Net assets $26.9bn $1.9bn

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

Alert

About each fund

EMXC

EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% 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 696 positions, with the top ten at 42.2%. It sat 11.3% 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, EMXC or USO?: In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and USO +133.3%.
Which is cheaper, EMXC or USO?: EMXC is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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Where to next

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

Sources and dates

EMXC filings on SEC EDGAR ↗

EMXC prospectus with the expense ratio (SEC) ↗

iShares page for EMXC ↗

USCF website ↗

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

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

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