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Data as of Oct 28, 2026.

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RSP vs USO: Differences, Returns & Fees

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RSP is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +16.0%.

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Net assets: $99.8bn on Oct 27, 2026 for Invesco S&P 500 Equal Weight ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

RSP on its own →USO on its own →
At a glance
+16.0%
RSP total return, 1 year
+133.3%
USO total return, 1 year
0.20%
RSP expense ratio
0.86%
USO expense ratio

Pair scorecard

RSP costs 0.66 points a year less; their one-year returns differ by 117.3 points; RSP is far larger, $99.8bn against $1.9bn.

RSP vs USO: Differences, Returns & Fees
MeasureRSPUSO
Return
Total return, 1 year+16.0%+133.3%
Drawdown
Below its high82.3%, high on Jul 14, 2008
Benchmark
What it tracksS&P 500 Equal Weight IndexOil futures
Cost and size
Expense ratio0.20%0.86%
Net assets, as of Oct 27, 2026$99.8bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund2.7%

Method

Side by side

RSP Invesco S&P 500 Equal Weight ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer Invesco USCF
What it is Tracks the S&P 500 equal weight Holds oil futures
Total return, 1 year +16.0% +133.3%
Its benchmark over the same days +13.7% (IVV) not measured
Gap to its benchmark +2.3 pts vs IVV not measured
Expense ratio 0.20% 0.86%
Holdings 508 not counted
Net assets, RSP as of Oct 27, 2026 and USO as of Oct 28, 2026 $99.8bn $1.9bn

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

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About each fund
RSP

RSP tracks the S&P 500 equal weight. Over the year to Oct 28, 2026 it returned +16.0% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 2.7%.

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, RSP or USO?
In the year to Oct 28, 2026, with distributions reinvested, RSP returned +16.0% and USO +133.3%.
Which is cheaper, RSP or USO?
RSP is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BWET vs RSPRSP vs SLVGLD vs RSPRSP vs SIVRDVY vs USOUSO vs VOESDY vs USOCOWZ vs USO
Where to next
RSP on its own →USO on its own →Hold both: look the portfolio through →Rankings →RSP dividend history →RSP holdings →Standards and sources →
Sources and dates
RSP filings on SEC EDGAR ↗
RSP prospectus with the expense ratio (SEC) ↗
Invesco website ↗
USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.