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Data as of Oct 28, 2026.

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SPYG vs USO: Differences, Returns & Fees

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SPYG is an equity index fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +12.2%.

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Net assets: $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

SPYG on its own →USO on its own →
At a glance
+12.2%
SPYG total return, 1 year
+133.3%
USO total return, 1 year
0.04%
SPYG expense ratio
0.86%
USO expense ratio

Pair scorecard

SPYG costs 0.82 points a year less; their one-year returns differ by 121.1 points; SPYG is far larger, $55.9bn against $1.9bn.

SPYG vs USO: Differences, Returns & Fees
MeasureSPYGUSO
Return
Total return, 1 year+12.2%+133.3%
Drawdown
Below its high4.1%, high on Oct 6, 202682.3%, high on Jul 14, 2008
Benchmark
What it tracksS&P 500 Growth IndexOil futures
Cost and size
Expense ratio0.04%0.86%
Net assets, as of Oct 27, 2026$55.9bn$1.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund59.6%

Method

Side by side

SPYG State Street SPDR Portfolio S&P 500 Growth ETF USO United States Oil Fund, LP
Where it sits Stock ETF Commodity ETF
Issuer State Street USCF
What it is Tracks the S&P 500 Growth Holds oil futures
Total return, 1 year +12.2% +133.3%
Its benchmark over the same days +12.1% (IVW) not measured
Gap to its benchmark +0.1 pts vs IVW not measured
Expense ratio 0.04% 0.86%
Holdings 152 not counted
Net assets, SPYG as of Oct 27, 2026 and USO as of Oct 28, 2026 $55.9bn $1.9bn

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

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About each fund
SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 152 positions, with the top ten at 59.6%. It sat 4.1% 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, SPYG or USO?
In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and USO +133.3%.
Which is cheaper, SPYG or USO?
SPYG 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
BWET vs SPYGGLD vs SPYGGLDM vs SPYGIAU vs SPYGFBCG vs USOGARP vs USOSCHG vs USOUSO vs VONG
Where to next
SPYG on its own →USO on its own →Hold both: look the portfolio through →Rankings →SPYG dividend history →SPYG holdings →Standards and sources →
Sources and dates
SPYG filings on SEC EDGAR ↗
SPYG prospectus with the expense ratio (SEC) ↗
State Street website ↗
USCF website ↗

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

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

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