Data as of Oct 28, 2026.

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FDVV vs USO: Differences, Returns & Fees

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FDVV is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +13.5%.

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Net assets: $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

At a glance
+13.5%
FDVV total return, 1 year
+133.3%
USO total return, 1 year
0.15%
FDVV expense ratio
0.86%
USO expense ratio

Pair scorecard

FDVV costs 0.71 points a year less; their one-year returns differ by 119.8 points.

FDVV vs USO: Differences, Returns & Fees
MeasureFDVVUSO
Return
Total return, 1 year+13.5%+133.3%
Drawdown
Below its high82.3%, high on Jul 14, 2008
Benchmark
What it tracksFidelity High Dividend IndexOil futures
Cost and size
Expense ratio0.15%0.86%
Net assets, FDVV as of Sep 30, 2026 and USO as of Oct 28, 2026$10.2bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight87%
Holdings datedJul 31, 2026
Top ten holdings, share of the fund33.8%

Method

Side by side

FDVV Fidelity High Dividend ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer Fidelity USCF
What it is Tracks an index of High Dividend Holds oil futures
Total return, 1 year +13.5% +133.3%
Expense ratio 0.15% 0.86%
Holdings 95 not counted
Net assets, FDVV as of Sep 30, 2026 and USO as of Oct 28, 2026 $10.2bn $1.9bn

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

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About each fund
FDVV

FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.

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, FDVV or USO?
In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and USO +133.3%.
Which is cheaper, FDVV or USO?
FDVV is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, FDVV against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-uso

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