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Data as of Oct 28, 2026.

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IWD vs USO: Differences, Returns & Fees

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IWD is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +27.5%.

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Net assets: $83.0bn on Oct 27, 2026 for iShares Russell 1000 Value ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

IWD on its own →USO on its own →
At a glance
+27.5%
IWD total return, 1 year
+133.3%
USO total return, 1 year
0.18%
IWD expense ratio
0.86%
USO expense ratio

Pair scorecard

IWD costs 0.68 points a year less; their one-year returns differ by 105.8 points; IWD is far larger, $83.0bn against $1.9bn.

IWD vs USO: Differences, Returns & Fees
MeasureIWDUSO
Return
Total return, 1 year+27.5%+133.3%
Drawdown
Below its high82.3%, high on Jul 14, 2008
Benchmark
What it tracksRussell 1000 Value IndexOil futures
Cost and size
Expense ratio0.18%0.86%
Net assets, as of Oct 27, 2026$83.0bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight90%
Top ten holdings, share of the fund29.6%

Method

Side by side

IWD iShares Russell 1000 Value ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer iShares USCF
What it is Tracks the Russell 1000 value Holds oil futures
Total return, 1 year +27.5% +133.3%
Its benchmark over the same days +27.7% (VONV) not measured
Gap to its benchmark −0.2 pts vs VONV not measured
Expense ratio 0.18% 0.86%
Holdings 871 not counted
Net assets, IWD as of Oct 27, 2026 and USO as of Oct 28, 2026 $83.0bn $1.9bn

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

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About each fund
IWD

IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% 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 871 positions, with the top ten at 29.6%.

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, IWD or USO?
In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and USO +133.3%.
Which is cheaper, IWD or USO?
IWD is cheaper, by 0.68 percentage points a year. That is about $68 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
IWD vs SIVRBWET vs IWDIWD vs SLVGLD vs IWDAVLV vs USOUSO vs VYMSCHD vs USODGRO vs USO
Where to next
IWD on its own →USO on its own →Hold both: look the portfolio through →Rankings →IWD dividend history →IWD holdings →Standards and sources →
Sources and dates
IWD filings on SEC EDGAR ↗
IWD prospectus with the expense ratio (SEC) ↗
iShares page for IWD ↗
USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.