Data as of Oct 28, 2026.

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USO vs VBK: Differences, Returns & Fees

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USO is a commodity futures fund and VBK an equity index fund, and over the year to Oct 28, 2026, USO returned +133.3% against +10.3%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Growth ETF.

At a glance
+133.3%
USO total return, 1 year
+10.3%
VBK total return, 1 year
0.86%
USO expense ratio
0.05%
VBK expense ratio

Pair scorecard

VBK costs 0.81 points a year less; their one-year returns differ by 123.0 points.

USO vs VBK: Differences, Returns & Fees
MeasureUSOVBK
Return
Total return, 1 year+133.3%+10.3%
Drawdown
Below its high82.3%, high on Jul 14, 20088.0%, high on Aug 17, 2026
Benchmark
What it tracksOil futuresMorningstar US Small Cap Growth Index
Cost and size
Expense ratio0.86%0.05%
Net assets, USO as of Oct 28, 2026 and VBK as of Sep 30, 2026$1.9bn$22.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight10%
Top ten holdings, share of the fund12.2%

Method

Side by side

USO United States Oil Fund, LP VBK Vanguard Morningstar Small-Cap Growth ETF
Where it sits Commodity ETF Stock ETF
Issuer USCF Vanguard
What it is Holds oil futures Tracks an index of Small-Cap Growth
Total return, 1 year +133.3% +10.3%
Expense ratio 0.86% 0.05%
Holdings not counted 554
Net assets, USO as of Oct 28, 2026 and VBK as of Sep 30, 2026 $1.9bn $22.8bn

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

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About each fund
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.

VBK

VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USO or VBK?
In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VBK +10.3%.
Which is cheaper, USO or VBK?
VBK is cheaper, by 0.81 percentage points a year. That is about $81 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, USO against VBK, data as of Oct 28, 2026. https://etfiq.com/compare/any/uso-vs-vbk

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