Data as of Oct 28, 2026.
MAGS vs USO: Differences, Returns & Fees
MAGS is an actively managed equity fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +5.8%.
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Net assets on Oct 28, 2026: $5.5bn for Roundhill Magnificent Seven ETF and $1.9bn for United States Oil Fund, LP.
Pair scorecard
MAGS costs 0.56 points a year less; their one-year returns differ by 127.5 points; MAGS is 2.9 times larger.
| Measure | MAGS | USO |
|---|---|---|
| Return | ||
| Total return, 1 year | +5.8% | +133.3% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 13, 2026 | 82.3%, high on Jul 14, 2008 |
| Benchmark | ||
| What it tracks | No index, actively managed | Oil futures |
| Cost and size | ||
| Expense ratio | 0.30% | 0.86% |
| Net assets | $5.5bn | $1.9bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 22% | |
| Holdings dated | Jun 30, 2026 | |
| Top ten holdings, share of the fund | 29.3% | |
Risk and return
Apr 21, 2023 to Oct 23, 2026 · 183 weekly returnsMAGS returned more: +189.1% to +148.5%. MAGS swung less: 24.0% to 38.0%. MAGS fell less at its worst: −26.6% to −29.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MAGS | USO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +189.1% | +148.5% | MAGS | Price change plus distributions, reinvested. |
| Annualized | +35.2% | +29.5% | MAGS | Total return as a yearly rate. |
| Price return | +181.4% | +148.5% | MAGS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.0% | 38.0% | MAGS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.5% | 21.7% | MAGS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.6% | −29.9% | MAGS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.19 | 0.74 | MAGS | Return above Treasury bills per unit of volatility. |
| Sortino | 1.97 | 1.30 | MAGS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.33 | 0.99 | MAGS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 183 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
MAGS and USO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MAGS and USO do different jobs. What does each one do in a portfolio?
- What each follows. MAGS follows No index, actively managed and USO follows Oil futures.
- One-year total return. Over 1 year to Oct 28, 2026 MAGS returned +5.8% and USO +133.3% with distributions reinvested, a gap of 127.5 points.
- Cost. MAGS charges 0.30% of assets a year and USO 0.86%, a gap of 0.56 points.
Data as of Oct 28, 2026.
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MAGS
MAGS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +5.8% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 29.3%. It sat 4.1% below its high of Oct 13, 2026 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, MAGS or USO?
- In the year to Oct 28, 2026, with distributions reinvested, MAGS returned +5.8% and USO +133.3%.
- Which is cheaper, MAGS or USO?
- MAGS is cheaper, by 0.56 percentage points a year. That is about $56 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MAGS against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/mags-vs-uso
ETFIQ. (Oct 28, 2026). MAGS against USO. Retrieved from https://etfiq.com/compare/any/mags-vs-uso
[MAGS against USO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mags-vs-uso)
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