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

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and USO +133.3%.

Which is cheaper, JAAA or USO?

JAAA is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs USO: Differences, Returns & Fees

Share on X Download as PDF

JAAA is an actively managed bond fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +4.7%.

askIQ about this page

askIQ about JAAA and USO

Net assets on Oct 28, 2026: $32.5bn for Janus Henderson AAA CLO ETF and $1.9bn for United States Oil Fund, LP.

JAAA on its own →USO on its own →

At a glance

+4.7%

JAAA total return, 1 year

+133.3%

USO total return, 1 year

0.20%

JAAA expense ratio

0.86%

USO expense ratio

Pair scorecard

JAAA costs 0.66 points a year less; their one-year returns differ by 128.6 points; JAAA is 17.1 times larger.

JAAA vs USO: Differences, Returns & Fees
Measure	JAAA	USO
Return
Measure	JAAA	USO
Total return, 1 year	+4.7%	+133.3%
Drawdown
Measure	JAAA	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	JAAA	USO
What it tracks	No index, actively managed	Oil futures
Cost and size
Measure	JAAA	USO
Expense ratio	0.20%	0.86%
Net assets	$32.5bn	$1.9bn
Holdings
Measure	JAAA	USO
Holdings in common	not published

Method

Side by side

JAAA Janus Henderson AAA CLO ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer Janus Henderson USCF

What it is Actively managed Holds oil futures

Total return, 1 year +4.7% +133.3%

Expense ratio 0.20% 0.86%

Holdings 598 not counted

Net assets $32.5bn $1.9bn

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

Alert

About each fund

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

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, JAAA or USO?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and USO +133.3%.
Which is cheaper, JAAA or USO?: JAAA is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs JAAA JAAA vs SIVR JAAA vs SLV GLDM vs JAAA SCHP vs USO TIP vs USO BOXX vs USO EMB vs USO

Where to next

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

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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