What is USO?

USO holds predominantly short-term NYMEX futures contracts on WTI crude oil.

PERFORMANCE [as of 03/24/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
USO -9.15% -12.06% -13.05% -23.56% 15.21% -10.51% -13.79%
USO (NAV) -8.79% -11.86% -12.92% -24.12% 15.28% -10.50% -13.75%
Front Month Light Sweet Crude Oil -- -- -- -- -- -- --
S&P GSCI Crude Oil -9.06% -12.60% -13.44% -29.97% 22.24% -7.19% -11.88%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

USO Factset Analytics Insight

USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. 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.

USO Summary Data

Marygold
04/10/06
0.81%
$1.54B
Front Month Light Sweet Crude Oil
S&P GSCI Crude Oil
Commodities Pool

Peers

S&P GSCI Crude Oil

Fund Flows

+$0.03B 5 Days
-$0.08B 30 Days
-$0.44B 90 Days

USO Portfolio Data

Futures
Laddered
Monthly
--

USO Index Data

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

USO Portfolio Management

0.81%
--
--
--

USO Tax Exposures

27.84% / 27.84%
--
Yes

USO Fund Structure

Commodities Pool
Yes
No
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/27/23

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

3,328,896
$216.92M
2,516,200
$175.19M
0.03%
$0.02
-0.04%
0.96% / -2.35%
None
100.00%
100,000
25.16
0.02%
--
584,508
$61.00
5

USO Top 10 Targeted Commodity Weights

56.72%
44.11%
-0.83%
100.00%

USO Performance Statistics

0.99
0.92
1.00
1.00
0.00%

USO Tenor Strategy

USO invests 80% of its portfolio in front month contracts and 20% in second month contract, except when the front month expires in two weeks, then USO will roll into the second and third month contract.

USO Rolling Strategy

USO is rolled over the course of four days.

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.