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

In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and USO +133.3%.

Which is cheaper, NOBL or USO?

NOBL is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

NOBL vs USO: Differences, Returns & Fees

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NOBL is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +15.5%.

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Net assets on Oct 28, 2026: $11.6bn for ProShares S&P 500 Dividend Aristocrats ETF and $1.9bn for United States Oil Fund, LP.

NOBL on its own →USO on its own →

At a glance

+15.5%

NOBL total return, 1 year

+133.3%

USO total return, 1 year

0.35%

NOBL expense ratio

0.86%

USO expense ratio

Pair scorecard

NOBL costs 0.51 points a year less; their one-year returns differ by 117.8 points; NOBL is 6.1 times larger.

NOBL vs USO: Differences, Returns & Fees
Measure	NOBL	USO
Return
Measure	NOBL	USO
Total return, 1 year	+15.5%	+133.3%
Drawdown
Measure	NOBL	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	NOBL	USO
What it tracks	S&P 500 Dividend Aristocrats Index	Oil futures
Cost and size
Measure	NOBL	USO
Expense ratio	0.35%	0.86%
Net assets	$11.6bn	$1.9bn
Holdings
Measure	NOBL	USO
Holdings in common	not published
In the S&P 500, by weight	98%
Holdings dated	Oct 27, 2026
Top ten holdings, share of the fund	17.0%

Method

Side by side

NOBL ProShares S&P 500 Dividend Aristocrats ETF USO United States Oil Fund, LP

Where it sits Stock ETF Commodity ETF

Issuer ProShares USCF

What it is Tracks the S&P 500 Dividend Aristocrats Holds oil futures

Total return, 1 year +15.5% +133.3%

Expense ratio 0.35% 0.86%

Holdings 69 not counted

Net assets $11.6bn $1.9bn

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

Alert

About each fund

NOBL

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.

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, NOBL or USO?: In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and USO +133.3%.
Which is cheaper, NOBL or USO?: NOBL is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs NOBL NOBL vs SIVR NOBL vs SLV GLDM vs NOBL RSP vs USO COWZ vs USO SDY vs USO USO vs VOE

Where to next

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

Sources and dates

NOBL filings on SEC EDGAR ↗

NOBL prospectus with the expense ratio (SEC) ↗

ProShares page for NOBL ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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