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

In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VOO +13.7%.

Which is cheaper, USO or VOO?

VOO 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 VOO: Differences, Returns & Fees

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USO is a commodity futures fund and VOO an equity index fund, and over the year to Oct 28, 2026, USO returned +133.3% against +13.7%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

USO on its own →VOO on its own →

At a glance

+133.3%

USO total return, 1 year

+13.7%

VOO total return, 1 year

0.86%

USO expense ratio

0.03%

VOO expense ratio

Pair scorecard

VOO costs 0.83 points a year less; their one-year returns differ by 119.6 points.

USO vs VOO: Differences, Returns & Fees
Measure	USO	VOO
Return
Measure	USO	VOO
Total return, 1 year	+133.3%	+13.7%
Drawdown
Measure	USO	VOO
Below its high	82.3%, high on Jul 14, 2008
Benchmark
Measure	USO	VOO
What it tracks	Oil futures	S&P 500 Index
Cost and size
Measure	USO	VOO
Expense ratio	0.86%	0.03%
Net assets, USO as of Oct 28, 2026 and VOO as of Sep 30, 2026	$1.9bn	$1.0tn
Holdings
Measure	USO	VOO
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		39.1%

Method

Side by side

USO United States Oil Fund, LP VOO Vanguard S&P 500 ETF

Where it sits Commodity ETF Stock ETF

Issuer USCF Vanguard

What it is Holds oil futures Tracks the S&P 500

Total return, 1 year +133.3% +13.7%

Its benchmark over the same days not measured +13.7% (IVV)

Gap to its benchmark not measured 0.0 pts vs IVV

Expense ratio 0.86% 0.03%

Holdings not counted 507

Net assets, USO as of Oct 28, 2026 and VOO as of Sep 30, 2026 $1.9bn $1.0tn

USO and VOO 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.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, USO or VOO?: In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VOO +13.7%.
Which is cheaper, USO or VOO?: VOO 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

SPY vs USO AVUS vs USO USO vs XLG GRNY vs USO BWET vs VOO GLDM vs VOO GLD vs VOO IAU vs VOO

Where to next

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

Sources and dates

USCF website ↗

VOO filings on SEC EDGAR ↗

VOO prospectus with the expense ratio (SEC) ↗

Vanguard page for VOO ↗

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

Cite this pageCitation, APA and Markdown

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

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