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

In the year to Oct 28, 2026, with distributions reinvested, JNK returned +1.7% and USO +133.3%.

Which is cheaper, JNK or USO?

JNK is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JNK vs USO: Differences, Returns & Fees

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JNK is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +1.7%.

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Net assets: $5.9bn on Oct 27, 2026 for State Street SPDR Bloomberg High Yield Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

JNK on its own →USO on its own →

At a glance

+1.7%

JNK total return, 1 year

+133.3%

USO total return, 1 year

0.40%

JNK expense ratio

0.86%

USO expense ratio

Pair scorecard

JNK costs 0.46 points a year less; their one-year returns differ by 131.6 points; JNK is 3.1 times larger.

JNK vs USO: Differences, Returns & Fees
Measure	JNK	USO
Return
Measure	JNK	USO
Total return, 1 year	+1.7%	+133.3%
Drawdown
Measure	JNK	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	JNK	USO
What it tracks	Bloomberg High Yield Very Liquid Index	Oil futures
Cost and size
Measure	JNK	USO
Expense ratio	0.40%	0.86%
Net assets, as of Oct 27, 2026	$5.9bn	$1.9bn
Holdings
Measure	JNK	USO
Holdings in common	not published

Method

Risk and return

Dec 14, 2007 to Oct 23, 2026 · 984 weekly returns

JNK USO

Return

Total return edge JNK +141.3% −70.7%

Annualized edge JNK +4.8% −6.3%

Price return edge JNK −35.6% −70.7%

Risk

Volatility edge JNK 12.7% 38.0%

Max drawdown edge JNK −38.4% −98.0%

Risk-adjusted

Sharpe edge JNK 0.32 −0.02

Sortino edge JNK 0.43 −0.02

Calmar edge JNK 0.12 −0.06

Reading

JNK returned more: +141.3% to −70.7%. JNK swung less: 12.7% to 38.0%. JNK fell less at its worst: −38.4% to −98.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: JNK vs USO: Differences, Returns & Fees
Measure	JNK	USO	Edge	How it is measured
Return
Total return	+141.3%	−70.7%	JNK	Price change plus distributions, reinvested.
Annualized	+4.8%	−6.3%	JNK	Total return as a yearly rate.
Price return	−35.6%	−70.7%	JNK	Price change alone, distributions left out.
Risk
Volatility	12.7%	38.0%	JNK	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.4%	27.5%	JNK	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−38.4%	−98.0%	JNK	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.32	−0.02	JNK	Return above Treasury bills per unit of volatility.
Sortino	0.43	−0.02	JNK	Return above Treasury bills per unit of downside deviation.
Calmar	0.12	−0.06	JNK	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 984 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

JNK State Street SPDR Bloomberg High Yield Bond ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer State Street USCF

What it is Tracks the Bloomberg High Yield Bond Holds oil futures

Total return, 1 year +1.7% +133.3%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +3.1 pts vs AGG not measured

Expense ratio 0.40% 0.86%

Holdings 1142 not counted

Net assets, JNK as of Oct 27, 2026 and USO as of Oct 28, 2026 $5.9bn $1.9bn

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

Client brief · page 1 of 2 Report BR-AE3D37E89F

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

What each follows. JNK follows Bloomberg High Yield Very Liquid Index and USO follows Oil futures.
One-year total return. Over 1 year to Oct 28, 2026 JNK returned +1.7% and USO +133.3% with distributions reinvested, a gap of 131.6 points.
Cost. JNK charges 0.40% of assets a year and USO 0.86%, a gap of 0.46 points.

Data as of Oct 28, 2026.

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About each fund

JNK

JNK tracks the Bloomberg High Yield Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.40% 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, JNK or USO?: In the year to Oct 28, 2026, with distributions reinvested, JNK returned +1.7% and USO +133.3%.
Which is cheaper, JNK or USO?: JNK is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs JNK JNK vs SLV GLD vs JNK JNK vs SIVR USHY vs USO HYG vs USO EDV vs USO USO vs VUSB

Where to next

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

Sources and dates

JNK filings on SEC EDGAR ↗

JNK prospectus with the expense ratio (SEC) ↗

State Street website ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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