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

In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VGLT −6.7%.

Which is cheaper, USO or VGLT?

VGLT is cheaper, by 0.83 percentage points a year. That is about $83 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

USO vs VGLT: Differences, Returns & Fees

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USO is a commodity futures fund and VGLT a bond index fund, and over the year to Oct 28, 2026, USO returned +133.3% against −6.7%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $10.4bn on Sep 30, 2026 for Vanguard Long-Term Treasury ETF.

USO on its own →VGLT on its own →

At a glance

+133.3%

USO total return, 1 year

−6.7%

VGLT total return, 1 year

0.86%

USO expense ratio

0.03%

VGLT expense ratio

Pair scorecard

VGLT costs 0.83 points a year less; their one-year returns differ by 140.0 points.

USO vs VGLT: Differences, Returns & Fees
Measure	USO	VGLT
Return
Measure	USO	VGLT
Total return, 1 year	+133.3%	−6.7%
Drawdown
Measure	USO	VGLT
Below its high	82.3%, high on Jul 14, 2008	38.8%, high on Aug 4, 2020
Benchmark
Measure	USO	VGLT
What it tracks	Oil futures	Bloomberg U.S. Long Treasury Index
Cost and size
Measure	USO	VGLT
Expense ratio	0.86%	0.03%
Net assets, USO as of Oct 28, 2026 and VGLT as of Sep 30, 2026	$1.9bn	$10.4bn
Holdings
Measure	USO	VGLT
Holdings in common	not published

Method

Side by side

USO United States Oil Fund, LP VGLT Vanguard Long-Term Treasury ETF

Where it sits Commodity ETF Bond ETF

Issuer USCF Vanguard

What it is Holds oil futures Tracks an index of Long-term Treasury

Total return, 1 year +133.3% −6.7%

Its benchmark over the same days not measured −6.7% (SCHQ)

Gap to its benchmark not measured 0.0 pts vs SCHQ

Expense ratio 0.86% 0.03%

Holdings not counted 102

Net assets, USO as of Oct 28, 2026 and VGLT as of Sep 30, 2026 $1.9bn $10.4bn

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

Alert

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.

VGLT

VGLT tracks an index of Long-term Treasury. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −6.7% for its benchmark, the Bloomberg U.S. Long Treasury Index. The prospectus expense ratio is 0.03% a year. It sat 38.8% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USO or VGLT?: In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VGLT −6.7%.
Which is cheaper, USO or VGLT?: VGLT is cheaper, by 0.83 percentage points a year. That is about $83 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EDV vs USO TLT vs USO BOND vs USO EMB vs USO BWET vs VGLT GLDM vs VGLT IAU vs VGLT GLD vs VGLT

Where to next

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

Sources and dates

USCF website ↗

VGLT filings on SEC EDGAR ↗

VGLT prospectus with the expense ratio (SEC) ↗

Vanguard page for VGLT ↗

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

Cite this pageCitation, APA and Markdown

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

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