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

In the year to Oct 28, 2026, with distributions reinvested, HGER returned +46.9% and USO +133.3%.

Which is cheaper, HGER or USO?

HGER is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

HGER vs USO: Differences, Returns & Fees

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HGER is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +46.9%.

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Net assets on Oct 28, 2026: $5.0bn for Harbor Commodity All-Weather Strategy ETF and $1.9bn for United States Oil Fund, LP.

HGER on its own →USO on its own →

At a glance

+46.9%

HGER total return, 1 year

+133.3%

USO total return, 1 year

0.68%

HGER expense ratio

0.86%

USO expense ratio

Pair scorecard

HGER costs 0.18 points a year less; their one-year returns differ by 86.4 points; HGER is 2.6 times larger.

HGER vs USO: Differences, Returns & Fees
Measure	HGER	USO
Return
Measure	HGER	USO
Total return, 1 year	+46.9%	+133.3%
Drawdown
Measure	HGER	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	HGER	USO
What it tracks	Quantix Commodity Index	Oil futures
Cost and size
Measure	HGER	USO
Expense ratio	0.68%	0.86%
Net assets	$5.0bn	$1.9bn
Holdings
Measure	HGER	USO
Holdings in common	not published
In the S&P 500, by weight	0%
Holdings dated	Jul 31, 2026

Method

Side by side

HGER Harbor Commodity All-Weather Strategy ETF USO United States Oil Fund, LP

Where it sits Commodity ETF Commodity ETF

Issuer Harbor USCF

What it is Tracks an index of Harbor Commodity All-Weather Strategy Holds oil futures

Total return, 1 year +46.9% +133.3%

Expense ratio 0.68% 0.86%

Holdings 0 not counted

Net assets $5.0bn $1.9bn

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

Alert

About each fund

HGER

HGER tracks an index of Harbor Commodity All-Weather Strategy. Over the year to Oct 28, 2026 it returned +46.9% with distributions reinvested. The prospectus expense ratio is 0.68% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 0 positions, with the top ten at not published.

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, HGER or USO?: In the year to Oct 28, 2026, with distributions reinvested, HGER returned +46.9% and USO +133.3%.
Which is cheaper, HGER or USO?: HGER is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HGER vs SIVR BWET vs HGER HGER vs SLV GLDM vs HGER PDBC vs USO DBO vs USO OILK vs USO BWET vs USO

Where to next

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

Sources and dates

HGER filings on SEC EDGAR ↗

HGER prospectus with the expense ratio (SEC) ↗

Harbor page for HGER ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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