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

In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and USO +133.3%.

Which is cheaper, SHV or USO?

SHV is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SHV vs USO: Differences, Returns & Fees

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SHV is a bond index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +3.6%.

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Net assets: $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SHV on its own →USO on its own →

At a glance

+3.6%

SHV total return, 1 year

+133.3%

USO total return, 1 year

0.15%

SHV expense ratio

0.86%

USO expense ratio

Pair scorecard

SHV costs 0.71 points a year less; their one-year returns differ by 129.7 points; SHV is 11.4 times larger.

SHV vs USO: Differences, Returns & Fees
Measure	SHV	USO
Return
Measure	SHV	USO
Total return, 1 year	+3.6%	+133.3%
Drawdown
Measure	SHV	USO
Below its high		82.3%, high on Jul 14, 2008
Benchmark
Measure	SHV	USO
What it tracks	ICE Short US Treasury Securities Index	Oil futures
Cost and size
Measure	SHV	USO
Expense ratio	0.15%	0.86%
Net assets, as of Oct 27, 2026	$21.7bn	$1.9bn
Holdings
Measure	SHV	USO
Holdings in common	not published

Method

Side by side

SHV iShares 0-1 Year 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 0-1 Year Treasury Bond Holds oil futures

Total return, 1 year +3.6% +133.3%

Expense ratio 0.15% 0.86%

Holdings 66 not counted

Net assets, SHV as of Oct 27, 2026 and USO as of Oct 28, 2026 $21.7bn $1.9bn

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

Alert

About each fund

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% 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, SHV or USO?: In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and USO +133.3%.
Which is cheaper, SHV or USO?: SHV is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SHV vs SIVR BWET vs SHV SHV vs SLV GLD vs SHV BOXX vs USO USO vs VBIL USO vs VUSB BIL vs USO

Where to next

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

Sources and dates

SHV filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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