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Data as of Oct 28, 2026.

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SCHG vs USO: Differences, Returns & Fees

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SCHG is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +6.8%.

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Net assets: $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SCHG on its own →USO on its own →
At a glance
+6.8%
SCHG total return, 1 year
+133.3%
USO total return, 1 year
0.04%
SCHG expense ratio
0.86%
USO expense ratio

Pair scorecard

SCHG costs 0.82 points a year less; their one-year returns differ by 126.5 points.

SCHG vs USO: Differences, Returns & Fees
MeasureSCHGUSO
Return
Total return, 1 year+6.8%+133.3%
Drawdown
Below its high3.5%, high on Oct 6, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksDow Jones U.S. Large-Cap Growth Total Stock Market IndexOil futures
Cost and size
Expense ratio0.04%0.86%
Net assets, SCHG as of Aug 31, 2026 and USO as of Oct 28, 2026$63.0bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight95%
Top ten holdings, share of the fund51.0%

Method

Side by side

SCHG Schwab U.S. Large-Cap Growth ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer Schwab USCF
What it is Tracks an index of U.S. Large-Cap Growth Holds oil futures
Total return, 1 year +6.8% +133.3%
Its benchmark over the same days +13.7% (IVV) not measured
Gap to its benchmark −6.9 pts vs IVV not measured
Expense ratio 0.04% 0.86%
Holdings 192 not counted
Net assets, SCHG as of Aug 31, 2026 and USO as of Oct 28, 2026 $63.0bn $1.9bn

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

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About each fund
SCHG

SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 28, 2026 it returned +6.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.04% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 192 positions, with the top ten at 51.0%. It sat 3.5% below its high of Oct 6, 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, SCHG or USO?
In the year to Oct 28, 2026, with distributions reinvested, SCHG returned +6.8% and USO +133.3%.
Which is cheaper, SCHG or USO?
SCHG is cheaper, by 0.82 percentage points a year. That is about $82 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
SCHG vs SIVRBWET vs SCHGSCHG vs SLVGLD vs SCHGUSO vs VONGMGK vs USOUSO vs VOOGQQQ vs USO
Where to next
SCHG on its own →USO on its own →Hold both: look the portfolio through →Rankings →SCHG dividend history →SCHG holdings →Standards and sources →
Sources and dates
SCHG filings on SEC EDGAR ↗
SCHG prospectus with the expense ratio (SEC) ↗
Schwab website ↗
USCF website ↗

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

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

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