http://apiprod.etf.internal.com/private/fund/USO/fundreport
USO

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%
$2.27B
$170.53M
0.1%

USO Portfolio Data

Futures
Front Month
N/A
--

USO Index Data

Front Month Light Sweet Crude Oil
Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to USO

OIL, BNO, OILB, OIIL, OILX
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
16:50:0410.41200
16:50:0110.41200
16:50:0110.413,000
15:59:5910.421,778
15:59:5810.42158
15:59:5310.42200
15:59:5310.42100
15:59:5310.42100
15:59:5310.42100
15:59:5310.42100
Bats BZX Real-time Quote - 17:03:48
Daily Spread
Premium/Discount
Volume

USO Factset Analytics Block Liquidity

As of 10/23/17
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

16,994,871
$170.53M
15,071,952
$150.84M
0.1%
$0.01
-0.02%
0.96% / -1.48%
None
100%
100,000
150.72
0.1%
--
3,011,256
$10.41
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
1
1
1
0%

USO Rolling Strategy

USO is rolled over the course of four days.