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Data as of Oct 28, 2026.

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USO vs XLK: Differences, Returns & Fees

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USO is a commodity futures fund and XLK an equity index fund, and over the year to Oct 28, 2026, USO returned +133.3% against +27.1%.

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Net assets: $1.9bn on Oct 28, 2026 for United States Oil Fund, LP, and $125.0bn on Oct 27, 2026 for State Street Technology Select Sector SPDR ETF.

USO on its own →XLK on its own →
At a glance
+133.3%
USO total return, 1 year
+27.1%
XLK total return, 1 year
0.86%
USO expense ratio
0.08%
XLK expense ratio

Pair scorecard

XLK costs 0.78 points a year less; their one-year returns differ by 106.2 points; XLK is far larger, $125.0bn against $1.9bn.

USO vs XLK: Differences, Returns & Fees
MeasureUSOXLK
Return
Total return, 1 year+133.3%+27.1%
Drawdown
Below its high82.3%, high on Jul 14, 20085.4%, high on Oct 6, 2026
Benchmark
What it tracksOil futuresTechnology Select Sector Index
Cost and size
Expense ratio0.86%0.08%
Net assets, as of Oct 27, 2026$1.9bn$125.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund64.6%

Method

Side by side

USO United States Oil Fund, LP XLK State Street Technology Select Sector SPDR ETF
Where it sits Commodity ETF Stock ETF
Issuer USCF State Street
What it is Holds oil futures Tracks an index of Technology
Total return, 1 year +133.3% +27.1%
Its benchmark over the same days not measured +13.6% (SPY)
Gap to its benchmark not measured +13.5 pts vs SPY
Expense ratio 0.86% 0.08%
Holdings not counted 76
Net assets, USO as of Oct 28, 2026 and XLK as of Oct 27, 2026 $1.9bn $125.0bn

USO and XLK 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.

XLK

XLK tracks an index of Technology. Over the year to Oct 28, 2026 it returned +27.1% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 64.6%. It sat 5.4% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USO or XLK?
In the year to Oct 28, 2026, with distributions reinvested, USO returned +133.3% and XLK +27.1%.
Which is cheaper, USO or XLK?
XLK is cheaper, by 0.78 percentage points a year. That is about $78 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
USO vs VGTIYW vs USOFTEC vs USOIGM vs USOBWET vs XLKGLDM vs XLKIAU vs XLKGLD vs XLK
Where to next
USO on its own →XLK on its own →Hold both: look the portfolio through →Rankings →XLK dividend history →XLK holdings →Standards and sources →
Sources and dates
USCF website ↗
XLK filings on SEC EDGAR ↗
XLK prospectus with the expense ratio (SEC) ↗
State Street website ↗

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

Cite this pageCitation, APA and Markdown

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

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