All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

USO: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

USO real return snapshot: after CPI-U inflation, USO returned +85.17% over the past year and +98.59% YTD, with dividends reinvested. Since Apr. 10, 2006, USO is down −84.39% in real purchasing-power return, or −8.70%/yr, and is currently −90.11% below its real total-return high on Jul. 14, 2008.

Data ending Fri Sep. 4, 2026

Growth of $10,000

Mon 2006-04-10💬 to Fri 2026-09-04 Overall
Return 		Exponential
Trendline
USO × 		−84.39%
−8.70%/yr 		−13.34%/yr
R2=0.819
United States Oil Fund LP Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2006-04-10💬 to Fri 2026-09-04 Start
Value 		End
Value
USO × 		$10,000.00
2006-04-10 		$1,560.61
2026-09-04

This Year’s Performance

through 2026-09-04

  YTD YoY
USO × 		+98.59% +85.17%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
USO × 		−90.11%
on 2026-09-04
from 2008-07-14 peak 		−98.45%
on 2020-04-28
from 2008-07-14 peak

Rolling Returns

Period ending Fri 2026-09-04 1 yr 2 yr 3 yr 5 yr 10 yr
USO × 		+85.17% +91.71%
+38.46%/yr 		+69.19%
+19.16%/yr 		+138.35%
+18.97%/yr 		+24.63%
+2.23%/yr

Annual Returns

Year USO
2026 (YTD) +98.59%
2025 −10.84%
2024 +10.18%
2023 −8.02%
2022 +21.14%
2021 +53.85%
2020 −68.22%
2019 +29.65%
2018 −21.07%
2017 +0.35%
2016 +4.38%
2015 −46.37%
2014 −42.79%
2013 +4.28%
2012 −13.93%
2011 −5.10%
2010 −2.18%
2009 +15.53%
2008 −56.35%
2007 +41.05%
2006 −24.67%