USO

United States Oil Fund LP
B

100
  • Overview
  • Efficiency
  • Tradability
  • Fit

USO Fund Description

The United States Oil Fund holds near-month NYMEX futures contracts on WTI crude oil.

USO Factset Analytics Insight

USO, among the largest and most liquid oil ETPs available, delivers its exposure to oil using near-month futures. USO's huge asset base waves away any hint of closure risk, and its massive liquidity makes trading a snap. USO gets exposure to oil using derivatives, like all oil ETPs. Derivative returns can vary greatly from spot oil prices, but spot oil is uninvestable. USO holds front-month futures contracts on WTI, rolling into the next contract every month, just like our segment benchmark. This method is particularly sensitive to short-term changes in spot prices, but can also result in heavy roll costs. That makes USO a great vehicle for riding short-term moves in crude prices, but long-term holders may want to look at other options.
USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn’t sell shares. Alternatively, investors could also consider OIL, which follows the same strategy in an ETN wrapper. In all, USO does a great job of capturing the performance of the near-term oil futures market at a low all-in cost, earning it our Analyst Pick designation.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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USO Top 10 Contracts View All

USO Summary Data

04/10/06
Commodities Pool
0.76%
$2.04B
$153.31M
0.09%

USO Portfolio Data

Futures
Front Month
N/A
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USO Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to USO

OIL, BNO, OILB, OILX, DBO
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

USO Portfolio Management

0.76%
--
--
--

USO Tax Exposures

27.84%
--
Yes

USO Fund Structure

Commodities Pool
No
N/A
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5912.761,499
15:59:5912.76100
15:59:5912.762,000
15:59:5612.76495
15:59:5612.761,451
15:59:5612.761,460
15:59:4512.7640
15:59:4412.76100
15:59:4312.76100
15:59:3012.76200
Bats BZX Real-time Quote - 17:29:46
Daily Spread
Premium/Discount
Volume

USO Factset Analytics Block Liquidity

As of 01/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of USO. USO is rated a 5 out of 5.

USO Tradability

13,090,486
$153.31M
11,649,042
$136.72M
0.09%
$0.01
-0.01%
0.66% / -0.81%
None
100.00%
100,000
116.49
0.09%
--
3,011,256
$12.86
5

USO Tenor Strategy

USO invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.

USO Performance Statistics

1.00
1.00
1.00
1.00
0.00%

USO Rolling Strategy

USO is rolled over the course of four days.