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

In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and USO +133.3%.

Which is cheaper, IEF or USO?

IEF 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

IEF vs USO: Differences, Returns & Fees

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IEF is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against −3.2%.

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Net assets: $43.5bn on Oct 27, 2026 for iShares 7-10 Year Treasury Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

IEF on its own →USO on its own →

At a glance

−3.2%

IEF total return, 1 year

+133.3%

USO total return, 1 year

0.15%

IEF expense ratio

0.86%

USO expense ratio

Pair scorecard

IEF costs 0.71 points a year less; their one-year returns differ by 136.5 points; IEF is far larger, $43.5bn against $1.9bn.

IEF vs USO: Differences, Returns & Fees
Measure	IEF	USO
Return
Measure	IEF	USO
Total return, 1 year	−3.2%	+133.3%
Drawdown
Measure	IEF	USO
Below its high	13.1%, high on Aug 4, 2020	82.3%, high on Jul 14, 2008
Benchmark
Measure	IEF	USO
What it tracks	ICE U.S. Treasury 7-10 Year Bond Index	Oil futures
Cost and size
Measure	IEF	USO
Expense ratio	0.15%	0.86%
Net assets, as of Oct 27, 2026	$43.5bn	$1.9bn
Holdings
Measure	IEF	USO
Holdings in common	not published

Method

Side by side

IEF iShares 7-10 Year Treasury Bond ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer iShares USCF

What it is Tracks an index of 7-10 Year Treasury Bond Holds oil futures

Total return, 1 year −3.2% +133.3%

Expense ratio 0.15% 0.86%

Holdings 17 not counted

Net assets, IEF as of Oct 27, 2026 and USO as of Oct 28, 2026 $43.5bn $1.9bn

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

Alert

About each fund

IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 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, IEF or USO?: In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and USO +133.3%.
Which is cheaper, IEF or USO?: IEF 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

IEF vs SIVR BWET vs IEF IEF vs SLV GLDM vs IEF USO vs VGIT GOVT vs USO BIL vs USO BINC vs USO

Where to next

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

Sources and dates

IEF filings on SEC EDGAR ↗

IEF prospectus with the expense ratio (SEC) ↗

iShares page for IEF ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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