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 +73.32% over the past year and +91.34% YTD, with dividends reinvested. Since Apr. 10, 2006, USO is down −84.96% in real purchasing-power return, or −8.92%/yr, and is currently −90.47% below its real total-return high on Jul. 14, 2008.

Data ending Fri Jul. 24, 2026

Growth of $10,000

Mon 2006-04-10💬 to Fri 2026-07-24 Overall
Return
Exponential
Trendline
USO
×
−84.96%
−8.92%/yr
−13.50%/yr
R2=0.827
United States Oil Fund LP Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2006-04-10💬 to Fri 2026-07-24 Start
Value
End
Value
USO
×
$10,000.00
2006-04-10
$1,503.64
2026-07-24

This Year’s Performance

through 2026-07-24

  YTD YoY
USO
×
+91.34% +73.32%

Drawdowns

  Current
Drawdown
Worst
Drawdown
USO
×
−90.47%
on 2026-07-24
from 2008-07-14 peak
−98.45%
on 2020-04-28
from 2008-07-14 peak

Rolling Returns

Period ending Fri 2026-07-24 1 yr 2 yr 3 yr 5 yr 10 yr
USO
×
+73.32% +67.18%
+29.30%/yr
+76.52%
+20.85%/yr
+125.08%
+17.62%/yr
+17.94%
+1.66%/yr

Annual Returns

Year USO
2026 (YTD) +91.34%
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%