USO
United States Oil Fund
7월 28일 10:41 AM ET (한국 7/28 23:41)
$124.76
-11.93 ▼ -8.73%
USO ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.6%
Annual operating cost
Net Assets (AUM)
$2.3B
약 3조원
Holdings
8 items
Dividend Yield
-
Management Style
Passive
| Category | Commodities & Metals - Energy | Asset Type | Commodities & Metals | Return% 1Y | 81.58% | Total Holdings | 8 | Perf Week | -0.6% |
| ETF Type | Global Commodities & Metals | Active/Passive | Passive | Return% 3Y | 26.4% | AUM | $2.3B | Perf Month | 14.13% |
| Expense | 0.6% | NAV | $135.96 | Return% 5Y | 22.7% | 52W High | -19.03% | Perf Quarter | -5.77% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | 4.63% | 52W Low | 89.07% | Perf Half Y | 68.71% |
| Flows% 1M | -1.28% | Flows% YTD | 9.03% | Return% SI | -6.58% | Volatility(W/M) | 2.41% 2.8% | Perf YTD | 80.39% |
| SMA20 | 6.02% | SMA50 | -0.22% | SMA200 | 25.89% | RSI (14) | 52.46 | Beta | -0.05 |
| IPO | 2006/4/10 | Prev Close | $136.69 | Perf Year | 66.68% | Avg Volume | 7.61M | Price | $124.76 |
United States Oil Fund (USO) Investment Analysis
ETF Overview
United States Oil Fund · Commodities & Metals - Energy
원자재형 — 금·원유·농산물 등 실물 자산 노출
2006년 상장, 20년 운영 중.
United States Oil Fund는 수수료 및 비용 차감 전 기준으로 쿠싱 인도분 경질 스위트 원유의 현물 가격 성과를 추종하고자 하는 상품형 펀드입니다. 주로 원유 선물 계약에 투자하며, 담보 자산에서 발생하는 이자 수익을 포함하고 제반 비용을 차감한 투자 결과를 제공합니다.
📘 USO ETF 자세히 알아보기 →commodityfuturesoil
- 규모
- $2.3B 약 3조원
- 운용사
- United
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2006년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Average expense ratio — 0.6% annually
Mid-range within the Commodities & Metals - Energy category.
Effective Annual Expense Ratio (Net Expense Ratio)
평균권0.6%
My positionMid-range
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$600K
Pay $50K more per year vs. category average
Category Median Annual Cost
$550K
Based on expense ratio of 0.55%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$10.8M
11.1% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Top-tier returns in its category
상위 5% vs. 전체 ETF.+63.8%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
🪙 Commodity ETFs — Price moves, not dividends
These products are exposed to spot (or futures) commodity prices, pay no dividends, and returns come purely from price changes. Benchmarking against the commodity itself (rather than an index like SPY) may be more meaningful.
If you had invested 10 year(s) ago
$100.0M
Today's value
$157.2M
→
Total gain
+$57.2M
Annualized +4.6%
1 Year
2025.07 ~ 2026.07
Annualized +81.58%
상위 5%Outperformed the benchmark by 63.8%p annually
My positionTop 5%
Low range Average High range
3 Years
2023.07 ~ 2026.07
Annualized +26.40% Cumulative +101.9%
상위 25%Outperformed the benchmark by 7.4%p annually
My positionTop 25%
Low range Average High range
5 Years
2021.07 ~ 2026.07
Annualized +22.70% Cumulative +178.1%
상위 5%Outperformed the benchmark by 9.8%p annually
My positionTop 5%
Low range Average High range
10Y
2016.07 ~ 2026.07
Annualized +4.63% Cumulative +57.2%
평균권Trailed the benchmark by 10.3%p annually
My positionMid-range
Low range Average High range
10Y Cumulative Total Return Curve
2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
USO · Price Only USO · Price + Cumulative Dividends USO · Dividend Reinvested S&P 500 (SPY)
0
150
300
450
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
USO S&P 500 (SPY)
+90%
0%
−90%
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 YTD
💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
2 / 9Y
Lags behind benchmark (22%)
+ 2026 YTD: Ahead (80.9% vs 8.5%)
2017 ✗
2018 ✗
2019 ✗
2020 ✗
2021 ✓
2022 ✓
2023 ✗
2024 ✗
2025 ✗
2026 ✓ YTD
💡 Win rates against SPY are for reference only, since the asset class differs.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
-62%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
Commodity Benchmark
Commodities move on a different rhythm than the stock market, and volatility varies widely by type — gold tends to be stable while crude oil can swing sharply.
🪙 Commodity ETFs — Independent volatility patterns
Commodities move on a different cycle than equities. Beta (vs. stocks) carries little meaning, and volatility varies widely by asset (low for gold, high for crude oil).
Beta (market sensitivity)
상위 5%-0.05
If the market rises +10% -0.5%
If the market falls -10% +0.5%
My positionTop 5%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
하위 25%±2.80%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-86.8%
2015-07-31 Worst -85% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
-0.08
Poor — Underperforms the risk-free rate
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-17.9%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Overall attractive Key metrics look solid, and the strengths outweigh the weak spots.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
낮음
매우 낮음
낮음
매우 적합
이런 분에게 어울려요
Investors seeking asset diversification
✅ 강점
- 📈Top 5% long-term returns in 전체 ETF
- 🎯Outperforms benchmark by +9.8%p annually
⚠️ 약점·주의사항
- ⚠️Volatility is above average
Category Peers
Category: Commodities & Metals - Energy
같은 카테고리 6종 중 AUM 1/6위 · 보수율 1/6위
카테고리: Commodities & Metals - Energy
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 USO보다 유리, ▼ 표시는 USO보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| USO | United States Oil Fund | 0.6% | $2.3B | 8 | - | +80.39% | +66.68% |
| United States Brent Oil Fund LP | 1.15% ▼ | $696M ▼ | 6 | - | - | +62.24% ▼ | |
| United States Natural Gas Fund | 1.24% ▼ | $477M ▼ | 8 | - | - | -26.90% ▼ | |
| Invesco DB Oil Fund | 0.77% ▼ | $275M ▼ | 6 | - | - | +57.59% ▼ | |
| ProShares K-1 Free Crude Oil ETF | 0.69% ▼ | $215M ▼ | 6 | 8.65% | - | +27.73% ▼ | |
| United States 12 Month Oil Fund LP | 1.01% ▼ | $47M ▼ | 17 | - | - | +38.00% ▼ |
AUM 내림차순 정렬 · ▲ USO보다 유리 · ▼ USO보다 불리
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
21 ETFs tracking the same theme as USO using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)
Not direct derivatives of USO, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with USO, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)
AGQ
ProShares Ultra Silver 2x Shares
+1.14%
$1.2B
UGL
ProShares Ultra Gold 2x Shares
+1.37%
$663M
UCO
ProShares Ultra Bloomberg Crude Oil 2x Shares
-9.42%
$450M
BOIL
ProShares Ultra Bloomberg Natural Gas 2x Shares
-8.19%
$374M
DGP
DB Gold Double Long ETN
+0.90%
$225M
SOLT
2x Solana ETF
+5.78%
$112M
GLDW
Roundhill Gold WeeklyPay ETF
+0.55%
$16M
CPXR
USCF Daily Target 2X Copper Index ETF
+2.30%
$13M
Inverse 6 ETFs that bet on declines in the same theme
SCO
ProShares UltraShort Bloomberg Crude Oil -2x Shares
+9.66%
$683M
GLL
ProShares UltraShort Gold -2x Shares
-1.40%
$126M
KOLD
ProShares UltraShort Bloomberg Natural Gas -2x Shares
+8.56%
$109M
ZSL
ProShares UltraShort Silver -2x Shares
-1.10%
$67M
DGZ
DB Gold Short ETN
+6.62%
$2M
DZZ
DB Gold Double Short ETN
+0.92%
$1M
Covered Call & Options 7 ETFs that add a monthly dividend via covered calls on the same theme
IAUI
NEOS Gold High Income ETF
+1.13%
$492M
SLVO
UBS AG ETRACS Silver Shares Covered Call ETNs
+0.69%
$392M
USOI
UBS AG ETRACS Crude Oil Shares Covered Call ETNs
-0.90%
$254M
GLDI
UBS AG ETRACS Gold Shares Covered Call ETNs
+0.01%
$167M
KSLV
Kurv Silver Enhanced Income ETF
+0.79%
$88M
KCOP
Kurv Copper & Mining Enhanced Income ETF
+0.54%
$32M
USG
USCF Gold Strategy Plus Income Fund
+0.75%
$9M
FAQ
What kind of ETF is USO?
USO is an ETF in the Commodities & Metals - Energy category, managed by United.
How many holdings does USO have?
USO holds a total of 8 securities, with an AUM of approximately $2.3B.
What is the 52-week high and low for USO?
USO has recorded a 52-week high of $154.08 and a low of $65.99.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.