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

In the year to Sep 13, 2026, with distributions reinvested, MTUM returned +21.8% and USO returned +112.2%, so USO returned more. One year is one year; the longer windows are in the table.

Which is cheaper, MTUM or USO?

MTUM charges 0.15% a year and USO charges 0.45%, so MTUM is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

MTUM vs USO: how they differ

MTUM is an equity index fund and USO a commodity fund, and over the year USO returned more, +112.2% against +21.8%.

iShares MSCI USA Momentum Factor ETF and United States Oil Fund, LP.

MTUM and USO on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	MTUM iShares MSCI USA Momentum Factor ETF	USO United States Oil Fund, LP
Where it sits	Core index fund	Core index fund
Issuer	iShares	USCF
What it is	MSCI USA Momentum Factor	Oil
Total return, 1 year	+21.8%	+112.2%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	+4.3 pts	+94.7 pts
Expense ratio	0.15%	0.45%
Holdings	128	not filed

MTUM in plain words

MTUM is an index equity fund tracking the MSCI USA Momentum Factor. Over the year to Sep 11, 2026 it returned +21.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 128 positions, with the top ten at 35.3%. It sat 11.1% below its high of Jun 22, 2026 on Sep 11, 2026.

USO in plain words

USO is a commodity fund tracking the Oil. Over the year to Sep 11, 2026 it returned +112.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.45% a year. It sat 57.1% below its high of Apr 8, 2011 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, MTUM or USO?: In the year to Sep 13, 2026, with distributions reinvested, MTUM returned +21.8% and USO returned +112.2%, so USO returned more. One year is one year; the longer windows are in the table.
Which is cheaper, MTUM or USO?: MTUM charges 0.15% a year and USO charges 0.45%, so MTUM is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

MTUM against USO, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, MTUM against USO, data as of Sep 13, 2026. https://etfiq.com/compare/any/mtum-vs-uso Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources