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

In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and USO +133.3%.

Which is cheaper, SGOV or USO?

SGOV is cheaper, by 0.77 percentage points a year. That is about $77 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SGOV vs USO: Differences, Returns & Fees

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SGOV is a short-term Treasury fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +3.7%.

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Net assets: $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SGOV on its own →USO on its own →

At a glance

+3.7%

SGOV total return, 1 year

+133.3%

USO total return, 1 year

0.09%

SGOV expense ratio

0.86%

USO expense ratio

Pair scorecard

SGOV costs 0.77 points a year less; their one-year returns differ by 129.6 points; SGOV is far larger, $117.0bn against $1.9bn.

SGOV vs USO: Differences, Returns & Fees
Measure	SGOV	USO
Return
Measure	SGOV	USO
Total return, 1 year	+3.7%	+133.3%
Drawdown
Measure	SGOV	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	SGOV	USO
What it tracks	ICE 0-3 Month US Treasury Securities Index	Oil futures
Cost and size
Measure	SGOV	USO
Expense ratio	0.09%	0.86%
Net assets, as of Oct 27, 2026	$117.0bn	$1.9bn
Holdings
Measure	SGOV	USO
Holdings in common	not published

Method

Side by side

SGOV iShares 0-3 Month Treasury Bond ETF USO United States Oil Fund, LP

Where it sits Bond ETF Commodity ETF

Issuer iShares USCF

What it is Tracks an index of 0-3 month T-bills Holds oil futures

Total return, 1 year +3.7% +133.3%

Expense ratio 0.09% 0.86%

Holdings 22 not counted

Net assets, SGOV as of Oct 27, 2026 and USO as of Oct 28, 2026 $117.0bn $1.9bn

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

Alert

About each fund

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% 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, SGOV or USO?: In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and USO +133.3%.
Which is cheaper, SGOV or USO?: SGOV is cheaper, by 0.77 percentage points a year. That is about $77 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BWET vs SGOV SGOV vs SLV GLD vs SGOV SGOV vs SIVR BIL vs USO SHV vs USO PULS vs USO USFR vs USO

Where to next

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

Sources and dates

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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