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Data as of Oct 28, 2026.

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Across categories

EWY vs USO: Differences, Returns & Fees

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EWY is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +79.7%.

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Net assets on Oct 28, 2026: $24.4bn for iShares MSCI South Korea ETF and $1.9bn for United States Oil Fund, LP.

EWY on its own →USO on its own →
At a glance
+79.7%
EWY total return, 1 year
+133.3%
USO total return, 1 year
0.59%
EWY expense ratio
0.86%
USO expense ratio

Pair scorecard

EWY costs 0.27 points a year less; their one-year returns differ by 53.6 points; EWY is 12.8 times larger.

EWY vs USO: Differences, Returns & Fees
MeasureEWYUSO
Return
Total return, 1 year+79.7%+133.3%
Drawdown
Below its high24.3%, high on Jun 18, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksMSCI Korea 25/50 Daily 25 Capped IndexOil futures
Cost and size
Expense ratio0.59%0.86%
Net assets$24.4bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund60.9%

Method

Side by side

EWY iShares MSCI South Korea ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer iShares USCF
What it is Tracks the MSCI South Korea Holds oil futures
Total return, 1 year +79.7% +133.3%
Its benchmark over the same days +16.3% (EEM) not measured
Gap to its benchmark +63.4 pts vs EEM not measured
Expense ratio 0.59% 0.86%
Holdings 78 not counted
Net assets $24.4bn $1.9bn

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

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About each fund
EWY

EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% 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 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 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, EWY or USO?
In the year to Oct 28, 2026, with distributions reinvested, EWY returned +79.7% and USO +133.3%.
Which is cheaper, EWY or USO?
EWY is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BWET vs EWYEWY vs SLVEWY vs SIVREWY vs GLDMFLKR vs USOUSO vs VYMIUSO vs VGKIDEV vs USO
Where to next
EWY on its own →USO on its own →Hold both: look the portfolio through →Rankings →EWY dividend history →EWY holdings →Standards and sources →
Sources and dates
EWY filings on SEC EDGAR ↗
EWY prospectus with the expense ratio (SEC) ↗
iShares page for EWY ↗
USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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