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

In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VXF +10.6%.

Which is cheaper, USO or VXF?

VXF 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.

Data as of Oct 28, 2026.

Across categories

USO vs VXF: Differences, Returns & Fees

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USO is a commodity futures fund and VXF an equity index fund, and over the year to Oct 28, 2026, USO returned +133.3% against +10.6%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $30.2bn on Sep 30, 2026 for Vanguard Extended Market ETF.

USO on its own →VXF on its own →

At a glance

+133.3%

USO total return, 1 year

+10.6%

VXF total return, 1 year

0.86%

USO expense ratio

0.05%

VXF expense ratio

Pair scorecard

VXF costs 0.81 points a year less; their one-year returns differ by 122.7 points.

USO vs VXF: Differences, Returns & Fees
Measure	USO	VXF
Return
Measure	USO	VXF
Total return, 1 year	+133.3%	+10.6%
Drawdown
Measure	USO	VXF
Below its high	82.3%, high on Jul 14, 2008	6.6%, high on Aug 14, 2026
Benchmark
Measure	USO	VXF
What it tracks	Oil futures	S&P Completion Index
Cost and size
Measure	USO	VXF
Expense ratio	0.86%	0.05%
Net assets, USO as of Oct 28, 2026 and VXF as of Sep 30, 2026	$1.9bn	$30.2bn
Holdings
Measure	USO	VXF
Holdings in common	not published
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		11.3%

Method

Risk and return

Apr 21, 2006 to Oct 23, 2026 · 1,070 weekly returns

USO VXF

Return

Total return edge VXF −70.9% +500.0%

Annualized edge VXF −5.8% +9.1%

Price return edge VXF −70.9% +357.3%

Risk

Volatility edge VXF 37.1% 22.2%

Max drawdown edge VXF −98.0% −57.4%

Risk-adjusted

Sharpe edge VXF −0.02 0.43

Sortino edge VXF −0.03 0.61

Calmar edge VXF −0.06 0.16

Reading

VXF returned more: +500.0% to −70.9%. VXF swung less: 22.2% to 37.1%. VXF fell less at its worst: −57.4% to −98.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: USO vs VXF: Differences, Returns & Fees
Measure	USO	VXF	Edge	How it is measured
Return
Total return	−70.9%	+500.0%	VXF	Price change plus distributions, reinvested.
Annualized	−5.8%	+9.1%	VXF	Total return as a yearly rate.
Price return	−70.9%	+357.3%	VXF	Price change alone, distributions left out.
Risk
Volatility	37.1%	22.2%	VXF	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	26.9%	15.6%	VXF	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−98.0%	−57.4%	VXF	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.02	0.43	VXF	Return above Treasury bills per unit of volatility.
Sortino	−0.03	0.61	VXF	Return above Treasury bills per unit of downside deviation.
Calmar	−0.06	0.16	VXF	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,070 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

USO United States Oil Fund, LP VXF Vanguard Extended Market ETF

Where it sits Commodity ETF Stock ETF

Issuer USCF Vanguard

What it is Holds oil futures Tracks an index of Extended Market

Total return, 1 year +133.3% +10.6%

Expense ratio 0.86% 0.05%

Holdings not counted 3361

Net assets, USO as of Oct 28, 2026 and VXF as of Sep 30, 2026 $1.9bn $30.2bn

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

Client brief · page 1 of 2 Report BR-1A98418843

USO and VXF do different jobs. What does each one do in a portfolio?

What each follows. USO follows Oil futures and VXF follows S&P Completion Index.
One-year total return. Over 1 year to Oct 28, 2026 USO returned +133.3% and VXF +10.6% with distributions reinvested, a gap of 122.7 points.
Cost. USO charges 0.86% of assets a year and VXF 0.05%, a gap of 0.81 points.

Data as of Oct 28, 2026.

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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.

VXF

VXF tracks an index of Extended Market. Over the year to Oct 28, 2026 it returned +10.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,361 positions, with the top ten at 11.3%. It sat 6.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USO or VXF?: In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and VXF +10.6%.
Which is cheaper, USO or VXF?: VXF 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.

Other comparisons

USO vs VO MOAT vs USO MDY vs USO IJH vs USO BWET vs VXF GLDM vs VXF IAU vs VXF GLD vs VXF

Where to next

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

Sources and dates

USCF website ↗

VXF filings on SEC EDGAR ↗

VXF prospectus with the expense ratio (SEC) ↗

Vanguard page for VXF ↗

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

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

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