NYSE Arca · Commodities Focused · USD · ETF

United States Oil Fund, LP (USO) ETF Analysis

USO

Expense ratio 0.86% Yield 0% Assets $1.69B Since April 10, 2006 Family USCF Investments

Last Updated: October 21, 2026

$159.80

−$0.81 (−0.50%)

October 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare USO with… →

USO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	$100 becomes	$300 becomes
1 year	+134.07%	+134.07%	$234.07	$702.21
3 years	+98.02%	+25.57%	$198.02	$594.05
5 years	+178.35%	+22.72%	$278.35	$835.05
10 years	+74.00%	+5.70%	$174.00	$521.99

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

USO Return by Calendar Year

2016 and 2026 are partial years

−67.79%+131.06%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+131.06%
2025	−8.46%
2024	+13.35%
2023	−4.94%
2022	+28.97%
2021	+64.68%
2020	−67.79%
2019	+32.61%
2018	−19.57%
2017	+2.47%
2016 (partial year)	+16.04%

USO Monthly Returns

−56%+56%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+15.0	+3.1	+55.3	+15.6	−12.2	−17.5	+21.4	+3.5	+8.9	+9.7	—	—
2025	+3.3	−3.6	+2.8	−17.8	+5.6	+8.9	+8.9	−6.0	−1.5	−1.6	−2.1	−2.7
2024	+6.4	+3.4	+7.3	−0.4	−4.5	+6.4	−2.3	−4.4	−5.9	+4.5	−2.0	+5.5
2023	−1.1	−3.0	−1.1	+1.6	−10.2	+4.8	+15.1	+2.6	+7.7	−7.2	−6.5	−5.0
2022	+14.9	+8.0	+9.8	+4.1	+10.8	−6.0	−2.9	−6.3	−10.7	+9.6	−1.8	−0.2
2021	+6.6	+17.4	−1.9	+6.8	+5.0	+9.8	+1.6	−5.2	+9.4	+8.7	−16.2	+13.5
2020	−15.4	−12.8	−55.4	−43.2	+35.4	+8.4	+3.6	+5.2	−7.5	−10.7	+22.7	+6.6
2019	+17.5	+5.3	+4.6	+6.3	−16.5	+8.5	+0.0	−4.8	−1.0	−0.4	+2.8	+10.2
2018	+8.1	−4.7	+5.8	+5.4	−1.8	+11.1	−5.2	+3.0	+5.5	−11.1	−22.2	−10.0
2017	−3.4	+1.1	−7.1	−3.8	−2.7	−4.6	+8.2	−6.3	+8.3	+4.8	+4.9	+4.7

Monthly total returns with dividends reinvested; each cell prints its signed value.

USO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 39.47%
Beta (3y): 2.18
Best year: +64.68%
Worst year: −67.79%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Analysis

Data-derived

Fund Overview

United States Oil Fund, LP trades as USO and is categorised as Commodities Focused. The fund is issued by USCF Investments. The inception date on file is April 10, 2006. The fund holds $1.69B in total net assets. Annual costs run at an expense ratio of 0.86%. On a $10,000 position that is $86.00 a year.

Performance Analysis

The most recent close on file for USO is $159.80, dated October 21, 2026. Over the trailing twelve months the total return is +134.07%. Measured over 10 years, that is +5.70% a year compounded.

2026 is still running; the total return is +131.06% year to date. The strongest complete calendar year on file is 2021 at +64.68%; the weakest is 2020 at −67.79%. Of the 9 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from $65.99 to $163.35. The latest close sits 142.16% above that 52-week low. Annualized volatility over the trailing 10 years is 39.47%. Beta against the wider market is reported at 2.18. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Commodities Focused ETFs

GLD

SPDR Gold Shares

$141.70B

IAU

iShares Gold Trust

$62.22B

GLDM

SPDR Gold MiniShares

$30.71B

SLV

iShares Silver Trust

$29.96B

View all Commodities Focused ETFs →