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

In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and USO +133.3%.

Which is cheaper, LQD or USO?

LQD is cheaper, by 0.72 percentage points a year. That is about $72 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

LQD vs USO: Differences, Returns & Fees

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LQD is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against −3.4%.

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Net assets: $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

LQD on its own →USO on its own →

At a glance

−3.4%

LQD total return, 1 year

+133.3%

USO total return, 1 year

0.14%

LQD expense ratio

0.86%

USO expense ratio

Pair scorecard

LQD costs 0.72 points a year less; their one-year returns differ by 136.7 points; LQD is 16.1 times larger.

LQD vs USO: Differences, Returns & Fees
Measure	LQD	USO
Return
Measure	LQD	USO
Total return, 1 year	−3.4%	+133.3%
Drawdown
Measure	LQD	USO
Below its high	6.3%, high on Sep 22, 2021	82.3%, high on Jul 14, 2008
Benchmark
Measure	LQD	USO
What it tracks	Markit iBoxx USD Liquid Investment Grade Index	Oil futures
Cost and size
Measure	LQD	USO
Expense ratio	0.14%	0.86%
Net assets, as of Oct 27, 2026	$30.6bn	$1.9bn
Holdings
Measure	LQD	USO
Holdings in common	not published

Method

Side by side

LQD iShares iBoxx $ Investment Grade Corporate 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 US investment grade bonds Holds oil futures

Total return, 1 year −3.4% +133.3%

Its benchmark over the same days −1.2% (IUSB) not measured

Gap to its benchmark −2.2 pts vs IUSB not measured

Expense ratio 0.14% 0.86%

Holdings 3191 not counted

Net assets, LQD as of Oct 27, 2026 and USO as of Oct 28, 2026 $30.6bn $1.9bn

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

Alert

About each fund

LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 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, LQD or USO?: In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and USO +133.3%.
Which is cheaper, LQD or USO?: LQD is cheaper, by 0.72 percentage points a year. That is about $72 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

LQD vs SIVR BWET vs LQD LQD vs SLV IAU vs LQD USO vs VCIT IGIB vs USO USO vs VBIL PFF vs USO

Where to next

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

Sources and dates

LQD filings on SEC EDGAR ↗

LQD prospectus with the expense ratio (SEC) ↗

iShares page for LQD ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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