What is USO's expense ratio?

United States Oil Fund, LP charges a net expense ratio of 0.860%.

How large is United States Oil Fund, LP?

USO holds $1.89B in assets under management.

What index does USO track?

United States Oil Fund, LP tracks USCF Oil Fund Futures as its primary benchmark.

United States Oil Fund, LP launched on April 10, 2006.

What currency does USO trade in?

USO trades in USD on NYSE Arca.

United States Oil Fund, LP

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USO USExchange-Traded Fund

$133.38

Energy & Other Commodities Oil

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About this fund

United States Oil Fund, LP (USO) is a Commodities ETF managed by United States Commodity Funds LLC, listed on NYSE Arca, quoted in USD. It charges a 0.86% net expense ratio and holds $1.89B in assets as of Sep 27, 2026. The fund launched on Apr 10, 2006.

Benchmark: USCF Oil Fund FuturesPrice return, USD
Distribution: Annually

AUM: $1.89B
Expense Ratio: 0.86%
Yield (12-mo): —
Morningstar Rating
Benchmark: USCF Oil Fund Futures
52-Week Range
Avg Daily Vol: 6.01M
Inception: Apr 10, 2006

NAV & premium/discount

as of Sep 25, 2026

NAV

$148.62

Premium / Discount

-0.20%

Median Prem/Disc (1Y)

+0.04%

52-Wk NAV High

$161.91

52-Wk NAV Low

$66.27

Premium/discount is how far the market price trades above (+) or below (−) the fund's net asset value (reported in USD).

Risk metrics

vs benchmark USCF Oil Fund Futures · Price return, USD

3-year risk statistics are not currently available for this fund.

Risk statistics are 3-year, month-end-based.

Trailing returns

As of Sep 27, 2026

-3.11%

-3.57%

+17.58%

+35.70%

+30.81%

YTD

+114.47%

+92.66%

3Y ann.

+22.65%

5Y ann.

+23.41%

10Y ann.

+6.17%

Calendar-year returns

Morningstar daily closes

Trading & liquidity

as of Sep 25, 2026

Avg Vol (1W)

7.33M

Avg Vol (1M)

5.80M

Avg Vol (3M)

6.01M

Avg Vol (1Y)

13.13M

Avg Spread

0.027%

Average daily share volume over each trailing window. Spread is the average bid-ask spread as a percentage of price — lower means cheaper to trade.

Top 10 holdings

Source: Morningstar

Fees & expenses

Net expense

0.86%

Gross expense

0.86%

Management fee

0.45%

Classification

Category: Commodities Energy & Other Commodities
Asset class: Commodity
Strategy: Passive
Commodity: Oil
Issuer: United States Commodity Funds LLC
Branding: USCF

Browse all Energy & Other Commodities ETFs Compare in screener

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Frequently asked questions

What is USO's expense ratio?: United States Oil Fund, LP charges a net expense ratio of 0.860%.
How large is United States Oil Fund, LP?: USO holds $1.89B in assets under management.
What index does USO track?: United States Oil Fund, LP tracks USCF Oil Fund Futures as its primary benchmark.
When did USO launch?: United States Oil Fund, LP launched on April 10, 2006.
What currency does USO trade in?: USO trades in USD on NYSE Arca.

News & analysis on USO

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