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Data as of Oct 28, 2026.

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SPHD vs USO: Differences, Returns & Fees

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SPHD is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +11.0%.

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Net assets: $3.3bn on Oct 27, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SPHD on its own →USO on its own →
At a glance
+11.0%
SPHD total return, 1 year
+133.3%
USO total return, 1 year
0.30%
SPHD expense ratio
0.86%
USO expense ratio

Pair scorecard

SPHD costs 0.56 points a year less; their one-year returns differ by 122.3 points; SPHD is 1.7 times larger.

SPHD vs USO: Differences, Returns & Fees
MeasureSPHDUSO
Return
Total return, 1 year+11.0%+133.3%
Drawdown
Below its high4.2%, high on Aug 24, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksS&P 500 Low Volatility High Dividend IndexOil futures
Cost and size
Expense ratio0.30%0.86%
Net assets, as of Oct 27, 2026$3.3bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight95%
Top ten holdings, share of the fund28.2%

Method

Side by side

SPHD Invesco S&P 500 High Dividend Low Volatility 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 High Dividend Low Volatility Holds oil futures
Total return, 1 year +11.0% +133.3%
Expense ratio 0.30% 0.86%
Holdings 59 not counted
Net assets, SPHD as of Oct 27, 2026 and USO as of Oct 28, 2026 $3.3bn $1.9bn

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

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About each fund
SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 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, SPHD or USO?
In the year to Oct 28, 2026, with distributions reinvested, SPHD returned +11.0% and USO +133.3%.
Which is cheaper, SPHD or USO?
SPHD is cheaper, by 0.56 percentage points a year. That is about $56 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BWET vs SPHDGLDM vs SPHDIAU vs SPHDGLD vs SPHDFDVV vs USOHDV vs USOAVLV vs USOFNDX vs USO
Where to next
SPHD on its own →USO on its own →Hold both: look the portfolio through →Rankings →SPHD dividend history →SPHD holdings →Standards and sources →
Sources and dates
SPHD filings on SEC EDGAR ↗
SPHD prospectus with the expense ratio (SEC) ↗
Invesco page for SPHD ↗
USCF website ↗

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

Cite this pageCitation, APA and Markdown

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

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