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

In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and USO +133.3%.

Which is cheaper, SCHP or USO?

SCHP is cheaper, by 0.83 percentage points a year. That is about $83 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SCHP vs USO: Differences, Returns & Fees

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SCHP is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against −0.8%.

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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SCHP on its own →USO on its own →

At a glance

−0.8%

SCHP total return, 1 year

+133.3%

USO total return, 1 year

0.03%

SCHP expense ratio

0.86%

USO expense ratio

Pair scorecard

SCHP costs 0.83 points a year less; their one-year returns differ by 134.1 points.

SCHP vs USO: Differences, Returns & Fees
Measure	SCHP	USO
Return
Measure	SCHP	USO
Total return, 1 year	−0.8%	+133.3%
Drawdown
Measure	SCHP	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	SCHP	USO
What it tracks	US TIPS	Oil futures
Cost and size
Measure	SCHP	USO
Expense ratio	0.03%	0.86%
Net assets, SCHP as of Jun 30, 2026 and USO as of Oct 28, 2026	$16.5bn	$1.9bn
Holdings
Measure	SCHP	USO
Holdings in common	not published

Method

Side by side

SCHP Schwab U.S. TIPS ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer Schwab USCF

What it is Tracks an index of US TIPS Holds oil futures

Total return, 1 year −0.8% +133.3%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +0.6 pts vs AGG not measured

Expense ratio 0.03% 0.86%

Holdings 48 not counted

Net assets, SCHP as of Jun 30, 2026 and USO as of Oct 28, 2026 $16.5bn $1.9bn

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

Alert

About each fund

SCHP

SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

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, SCHP or USO?: In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and USO +133.3%.
Which is cheaper, SCHP or USO?: SCHP is cheaper, by 0.83 percentage points a year. That is about $83 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SCHP vs SIVR BWET vs SCHP SCHP vs SLV GLDM vs SCHP TIP vs USO USO vs VTIP BOND vs USO USO vs VGSH

Where to next

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

Sources and dates

SCHP filings on SEC EDGAR ↗

SCHP prospectus with the expense ratio (SEC) ↗

Schwab website ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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