ATLASUnited States Oil Fund, LP (USO): outlook, holdings and fees
United States Oil Fund, LP (USO) is an exchange-traded fund and is managed by USCF Investments. The expense ratio is 0.60% and the yield is 0.00%. The ten largest holdings are 44% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on USO
| Last price | $157.91 (-6.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 50% |
| Likely 1-month range (50%) | $148.76 – $167.86 |
| Normal 1-day range (±1σ) | ±2.1% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
USO fund facts
| Issuer | USCF Investments |
|---|---|
| Theme | Oil |
| Assets under management | $1.8B |
| Expense ratio | 0.60% |
| Number of holdings | 6 |
| Portfolio turnover | 0% |
| Inception | Apr 10, 2006 |
| Exchange | NYSE |
USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
USO top holdings
| Holding | Sector | Weight |
|---|---|---|
| CLX3 CLX3 | – | 15.96% |
| CLZ3 CLZ3 | – | 6.87% |
| WTI CRUDE JAN 24 CLF4 | – | 7.01% |
| Crude Oil May24 CLM4 | – | 6.91% |
| WTI CRUDE FEB 24 CLG4 | – | 4.63% |
| WTI CRUDE MAR 24 CLH4 | – | 2.29% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
USO returns and risk
| Year to date | +118.4% |
|---|---|
| 1 year | +103.8% |
| 3 years (annualised) | +23.7% |
| 5 years (annualised) | +22.4% |
| 10 years (annualised) | +5.2% |
| Volatility (3 years) | 41.5% |
| Sharpe ratio (3 years) | 0.53 |
Past returns do not guarantee future results.
USO: frequently asked questions
What does USO invest in?
United States Oil Fund, LP invests in a portfolio of securities. Its largest holdings are CLX3 (16.0%), CLZ3 (6.9%), WTI CRUDE JAN 24 (7.0%), Crude Oil May24 (6.9%), WTI CRUDE FEB 24 (4.6%).
What is the USO expense ratio?
0.60% a year: about $60.00 for every $10,000 invested.
What is the USO dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will USO go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 50%, with a likely range (50%) of $148.76 to $167.86 from $157.91 today. It is a probability, not a prediction.
How has USO performed?
Year to date +118.4%, one year +103.8%, three years +23.7% a year, five years +22.4% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer