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

In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and XLG +6.4%.

Which is cheaper, USO or XLG?

XLG is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

USO vs XLG: Differences, Returns & Fees

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USO is a commodity futures fund and XLG an equity index fund, and over the year to Oct 28, 2026, USO returned +133.3% against +6.4%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.

USO on its own →XLG on its own →

At a glance

+133.3%

USO total return, 1 year

+6.4%

XLG total return, 1 year

0.86%

USO expense ratio

0.20%

XLG expense ratio

Pair scorecard

XLG costs 0.66 points a year less; their one-year returns differ by 126.9 points; XLG is 6.3 times larger.

USO vs XLG: Differences, Returns & Fees
Measure	USO	XLG
Return
Measure	USO	XLG
Total return, 1 year	+133.3%	+6.4%
Drawdown
Measure	USO	XLG
Below its high	82.3%, high on Jul 14, 2008
Benchmark
Measure	USO	XLG
What it tracks	Oil futures	S&P 500 Top 50 Index
Cost and size
Measure	USO	XLG
Expense ratio	0.86%	0.20%
Net assets, as of Oct 27, 2026	$1.9bn	$11.9bn
Holdings
Measure	USO	XLG
Holdings in common	not published
In the S&P 500, by weight		98%
Top ten holdings, share of the fund		60.3%

Method

Side by side

USO United States Oil Fund, LP XLG Invesco S&P 500 Top 50 ETF

Where it sits Commodity ETF Stock ETF

Issuer USCF Invesco

What it is Holds oil futures Tracks the S&P 500 top 50

Total return, 1 year +133.3% +6.4%

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

Gap to its benchmark not measured −7.3 pts vs IVV

Expense ratio 0.86% 0.20%

Holdings not counted 53

Net assets, USO as of Oct 28, 2026 and XLG as of Oct 27, 2026 $1.9bn $11.9bn

USO and XLG 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.

XLG

XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.

Questions people ask

Which returned more over the last year, USO or XLG?: In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and XLG +6.4%.
Which is cheaper, USO or XLG?: XLG is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AVUS vs USO DGRW vs USO MTUM vs USO SPHQ vs USO BWET vs XLG GLDM vs XLG IAU vs XLG GLD vs XLG

Where to next

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

Sources and dates

USCF website ↗

XLG filings on SEC EDGAR ↗

XLG prospectus with the expense ratio (SEC) ↗

Invesco page for XLG ↗

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

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.