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

In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and USO +133.3%.

Which is cheaper, HDV or USO?

HDV 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.

Data as of Oct 28, 2026.

Across categories

HDV vs USO: Differences, Returns & Fees

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HDV is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +29.4%.

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Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

HDV on its own →USO on its own →

At a glance

+29.4%

HDV total return, 1 year

+133.3%

USO total return, 1 year

0.08%

HDV expense ratio

0.86%

USO expense ratio

Pair scorecard

HDV costs 0.78 points a year less; their one-year returns differ by 103.9 points; HDV is 8.4 times larger.

HDV vs USO: Differences, Returns & Fees
Measure	HDV	USO
Return
Measure	HDV	USO
Total return, 1 year	+29.4%	+133.3%
Drawdown
Measure	HDV	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	HDV	USO
What it tracks	Morningstar Dividend Yield Focus Index	Oil futures
Cost and size
Measure	HDV	USO
Expense ratio	0.08%	0.86%
Net assets, as of Oct 27, 2026	$15.9bn	$1.9bn
Holdings
Measure	HDV	USO
Holdings in common	not published
In the S&P 500, by weight	90%
Top ten holdings, share of the fund	55.6%

Method

Risk and return

Apr 8, 2011 to Oct 23, 2026 · 811 weekly returns

HDV USO

Return

Total return edge HDV +414.1% −53.1%

Annualized edge HDV +11.1% −4.7%

Price return edge HDV +197.8% −53.1%

Risk

Volatility edge HDV 13.9% 37.2%

Max drawdown edge HDV −33.4% −94.8%

Risk-adjusted

Sharpe edge HDV 0.71 0.02

Sortino edge HDV 1.00 0.02

Calmar edge HDV 0.33 −0.05

Reading

HDV returned more: +414.1% to −53.1%. HDV swung less: 13.9% to 37.2%. HDV fell less at its worst: −33.4% to −94.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HDV vs USO: Differences, Returns & Fees
Measure	HDV	USO	Edge	How it is measured
Return
Total return	+414.1%	−53.1%	HDV	Price change plus distributions, reinvested.
Annualized	+11.1%	−4.7%	HDV	Total return as a yearly rate.
Price return	+197.8%	−53.1%	HDV	Price change alone, distributions left out.
Risk
Volatility	13.9%	37.2%	HDV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.8%	26.7%	HDV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.4%	−94.8%	HDV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.71	0.02	HDV	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.02	HDV	Return above Treasury bills per unit of downside deviation.
Calmar	0.33	−0.05	HDV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 811 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

HDV iShares Core High Dividend ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer iShares USCF

What it is Tracks an index of High Dividend Holds oil futures

Total return, 1 year +29.4% +133.3%

Expense ratio 0.08% 0.86%

Holdings 77 not counted

Net assets, HDV as of Oct 27, 2026 and USO as of Oct 28, 2026 $15.9bn $1.9bn

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

Client brief · page 1 of 2 Report BR-0B61988D4E

HDV and USO do different jobs. What does each one do in a portfolio?

What each follows. HDV follows Morningstar Dividend Yield Focus Index and USO follows Oil futures.
One-year total return. Over 1 year to Oct 28, 2026 HDV returned +29.4% and USO +133.3% with distributions reinvested, a gap of 103.9 points.
Cost. HDV charges 0.08% of assets a year and USO 0.86%, a gap of 0.78 points.

Data as of Oct 28, 2026.

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About each fund

HDV

HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.

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, HDV or USO?: In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and USO +133.3%.
Which is cheaper, HDV or USO?: HDV 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

BWET vs HDV HDV vs SLV HDV vs SIVR GLDM vs HDV SPHD vs USO USO vs VTV PVAL vs USO AVLV vs USO

Where to next

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

Sources and dates

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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