Data as of Oct 28, 2026.

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FTEC vs USO: Differences, Returns & Fees

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FTEC is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +25.0%.

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Net assets: $22.1bn on Sep 30, 2026 for Fidelity MSCI Information Technology Index ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

At a glance
+25.0%
FTEC total return, 1 year
+133.3%
USO total return, 1 year
0.08%
FTEC expense ratio
0.86%
USO expense ratio

Pair scorecard

FTEC costs 0.78 points a year less; their one-year returns differ by 108.3 points.

FTEC vs USO: Differences, Returns & Fees
MeasureFTECUSO
Return
Total return, 1 year+25.0%+133.3%
Drawdown
Below its high4.9%, high on Oct 6, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksMSCI USA IMI Information Technology 25/50 IndexOil futures
Cost and size
Expense ratio0.08%0.86%
Net assets, FTEC as of Sep 30, 2026 and USO as of Oct 28, 2026$22.1bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight88%
Holdings datedJul 31, 2026
Top ten holdings, share of the fund62.2%

Method

Side by side

FTEC Fidelity MSCI Information Technology Index ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer Fidelity USCF
What it is Tracks the MSCI Information Technology Holds oil futures
Total return, 1 year +25.0% +133.3%
Its benchmark over the same days +24.7% (VGT) not measured
Gap to its benchmark +0.3 pts vs VGT not measured
Expense ratio 0.08% 0.86%
Holdings 281 not counted
Net assets, FTEC as of Sep 30, 2026 and USO as of Oct 28, 2026 $22.1bn $1.9bn

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

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About each fund
FTEC

FTEC tracks the MSCI Information Technology. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +24.7% for its benchmark, the MSCI USA IMI Information Technology 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 281 positions, with the top ten at 62.2%. It sat 4.9% below its high of Oct 6, 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, FTEC or USO?
In the year to Oct 28, 2026, with distributions reinvested, FTEC returned +25.0% and USO +133.3%.
Which is cheaper, FTEC or USO?
FTEC is cheaper, by 0.78 percentage points a year. That is about $78 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, FTEC against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ftec-vs-uso

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