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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and USO +133.3%.

Which is cheaper, GARP or USO?

GARP 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.

Data as of Oct 28, 2026.

Across categories

GARP vs USO: Differences, Returns & Fees

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GARP is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +18.0%.

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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

GARP on its own →USO on its own →

At a glance

+18.0%

GARP total return, 1 year

+133.3%

USO total return, 1 year

0.15%

GARP expense ratio

0.86%

USO expense ratio

Pair scorecard

GARP costs 0.71 points a year less; their one-year returns differ by 115.3 points; GARP is 1.9 times larger.

GARP vs USO: Differences, Returns & Fees
Measure	GARP	USO
Return
Measure	GARP	USO
Total return, 1 year	+18.0%	+133.3%
Drawdown
Measure	GARP	USO
Below its high	7.0%, high on Oct 6, 2026	82.3%, high on Jul 14, 2008
Benchmark
Measure	GARP	USO
What it tracks	MSCI USA Quality GARP Select Index	Oil futures
Cost and size
Measure	GARP	USO
Expense ratio	0.15%	0.86%
Net assets, as of Oct 27, 2026	$3.6bn	$1.9bn
Holdings
Measure	GARP	USO
Holdings in common	not published
In the S&P 500, by weight	94%
Top ten holdings, share of the fund	43.5%

Method

Side by side

GARP iShares MSCI USA Quality GARP ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer iShares USCF

What it is Tracks the MSCI USA Quality GARP Holds oil futures

Total return, 1 year +18.0% +133.3%

Its benchmark over the same days +13.3% (PBUS) not measured

Gap to its benchmark +4.7 pts vs PBUS not measured

Expense ratio 0.15% 0.86%

Holdings 131 not counted

Net assets, GARP as of Oct 27, 2026 and USO as of Oct 28, 2026 $3.6bn $1.9bn

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

Alert

About each fund

GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% 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, GARP or USO?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and USO +133.3%.
Which is cheaper, GARP or USO?: GARP 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.

Other comparisons

BWET vs GARP GARP vs SIVR GARP vs SLV GARP vs GLDM USO vs VOOG USO vs VONG SPYG vs USO SCHG vs USO

Where to next

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

Sources and dates

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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