Fund Overview
The United States Oil Fund, LP is categorized as a Commodities Focused fund and is managed by the USCF Investments fund family. With total assets under management reaching $1.14 billion, this substantial figure indicates a significant scale of operation and suggests the fund attracts a considerable level of investor interest in the energy sector. While specific holdings count is not available for this instrument, the absence of a disclosed breakdown limits the ability to assess diversification through individual security positions within the fund structure. The fund carries an expense ratio of 0.70%, which classifies it as a higher-cost investment vehicle relative to many low-cost index funds or exchange-traded funds in other asset classes.
Performance Analysis
The fund reports a yield of 0.0%, a metric that signifies the absence of direct income distributions to shareholders, thereby making the fund unsuitable for income-seeking investors who rely on dividend or distribution income. Year-to-date, the fund has achieved a return of 18.2%, reflecting the performance of the underlying commodity prices during the current fiscal year. Historical consistency is demonstrated by a 3-year average return of 24.6% and a 5-year average return of 24.5%, figures that suggest the fund has maintained a robust positive trend over multi-year periods despite market fluctuations. Comparing the short-term YTD return of 18.2% against the long-term averages reveals that recent performance has slightly underperformed the historical 5-year average, which may suggest current market conditions are diverging from the long-term trend established over the last half-decade. The expense ratio of 0.70% acts as a recurring cost that is deducted from the fund's assets, meaning that over extended holding periods, these fees can significantly erode the net returns an investor realizes compared to a zero-fee alternative.
Price & Risk Profile
The price metrics for the United States Oil Fund, LP show a 52-week high of $125.30 and a 52-week low of $60.67, illustrating a trading range that encompasses a wide spectrum of price action and indicates substantial volatility within the energy market. Based on the 52-week range, the current price sits approximately 51% above the low and 49% below the high, positioning the asset roughly in the middle of its recent trading band rather than at an extreme peak or trough. A beta value is not available for this fund, which prevents a direct quantitative comparison of its volatility relative to the broader stock market index. Consequently, the overall risk profile is characterized primarily by the inherent volatility of the oil commodity itself, as evidenced by the wide 52-week price spread, while the lack of a beta metric means the fund's specific sensitivity to general market movements remains unquantified in standard beta terms.