Skip to content
etf.net

MWHS vs USO

Skylar Electricity Futures ETF

MWHSDNYSE Arca

United States Oil Fund, LP

USOBNYSE Arca

Overlap

Expense ratio

USO −0.09pt a year

MWHS0.95%USO0.86%

Avg volume · 30D

USO 3418.7×the volume

MWHS1.68KUSO5.73M

MWHS vs USO Performance

Jul 31, 2026 – Oct 30, 2026

+10.2%MWHS+30.7%USO

Jul 31, 2026 to Oct 30, 2026. MWHS +10.2%. USO +30.7%. Use the arrow keys to read each point.−10%0%20%Jul 2026Sep 2026Oct 2026
Expense ratio
MWHS 0.95%
USO 0.86%, better
Fund size
MWHS $1M
USO $1.95B
1Y total return
MWHS No data
USO +132.7%
Holdings
MWHS 29
USO 17
Avg volume (30D)
MWHS 1.68K sh
USO 5.73M sh, better
NAV per share
MWHS $19.15
USO $170.39
52W range

ETF.net Grade

MWHS: Cost 56, Risk 34, Mission not scored, Tradability 4, Holdings not scored, Durability 22. USO: Cost 65, Risk 43, Mission not scored, Tradability 70, Holdings 100, Durability 71.
Pillar letters and Scores for MWHS, USO, with each pillar’s weight
PillarMWHSUSO
Cost30% weightB56B65Higher
Mission25% weightNot scoredNot scored
Risk15% weightD34C43Higher
Tradability15% weightF4A70Higher
Holdings10% weightNot scoredA100
Durability5% weightF22A71Higher

Rank among Energy Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MWHS and USO are both graded against the same 11 Energy Futures funds, so their Grades compare head to head.

Energy Futures⁠

Category · 11 funds
See all 11 ›

USO ranks 4th and MWHS 8th of 11 funds in the Energy Futures Category.

  1. Rank 1AOILKProShares K-1 Free Crude Oil ETFScore 79
  2. Rank 2BDBEInvesco DB Energy FundScore 69
  3. Rank 3BDBOInvesco DB Oil FundScore 67
  4. Rank 4BUSOUnited States Oil Fund, LPScore 61
  5. Rank 5CUSLUnited States 12 Month Oil FundScore 51
  6. Rank 7CBNOUnited States Brent Oil Fund LPScore 42
  7. Rank 8DMWHSSkylar Electricity Futures ETFScore 36
  8. Rank 9DUNGUnited States Natural Gas Fund LPScore 30

Our read on each fund

ETF.net Research

MWHSDSkylar Electricity Futures ETF

USOBUnited States Oil Fund, LP

In short

MWHS No data

USO The original US crude oil ETF, trading since 2006 and still one of the busiest ways to get WTI exposure without opening a futures account. It holds oil futures near the front of the curve, not barrels in a tank.

Stated mandate

MWHS No data

USO USO seeks daily NAV percentage changes that reflect changes in the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, measured by the Benchmark Oil Futures Contract, plus collateral interest and less expenses.

Why people hold it

MWHS No data

  • USO Cheap for this corner of the market: 0.86% a year against a cohort median of 1.08%.
  • Live since 2006 and one of the most actively traded funds in its category, so bids and offers are usually there when you need them.
  • Targets daily moves in light, sweet crude delivered to Cushing, Oklahoma, via its benchmark futures contract. No margin account, no expiries to roll yourself.sec.gov
  • Since April 2020 the portfolio has reached past pure front-month into later-dated contracts, a change the fund disclosed in its filings.sec.gov

Worth knowing

MWHS No data

  • USO It's a commodity pool, so tax season brings a Schedule K-1 rather than a 1099. Peer OILK is built specifically to skip that paperwork.uscfinvestments.com
  • Futures, not barrels. Rolling contracts forward can cost when later months trade above nearer ones, which pulls results away from headline spot oil.sec.gov
  • One commodity, one price driver, and no income stream: the fund hasn't been paying distributions, so everything rides on the oil move.

Full MWHS profile⁠

Full USO profile⁠

MWHS vs USO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MWHS vs USO Cost

Overpaying MWHS vs USO

$1,501

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MWHS 0.95%

    $17,869

  • USO 0.86%

    $16,368

$10,000
30 years

Cost over time

  • MWHS 0.95%
  • USO 0.86%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MWHS $17,869USO $16,368

Year by year

YearMWHSUSOOverpaying
10$1,678$1,525$153
20$6,322$5,768$554
30$17,869$16,368$1,501

Expense ratio

  • 0.95%MWHS
  • 0.86%USO, cheaper
  • Middle half of Energy Futures funds
  • Median 1.01%

USO 4th cheapest of 11 funds

MWHS 5th cheapest of 11 funds

MWHS vs USO Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MWHS None
USO None

Distribution history

MWHSAll MWHS payments⁠

No distribution history available.

USOAll USO payments⁠

No distribution history available.

MWHS vs USO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MWHS No dataUSO 43.1%
Return per unit of riskSharpe ratio, 3 years
MWHS No dataUSO 0.71
Worst fallMax drawdown, 5 years
MWHS No dataUSO −36.2%
Market sensitivityBeta, 5 years
MWHS −1.01USO 2.22

MWHS and USO in the news

All news⁠

Popular comparisons

  • MWHSDvsOILKA

    Skylar Electricity Futures ETF · ProShares K-1 Free Crude Oil ETF

    Expense ratio
    0.95% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USOBvsOILKA

    United States Oil Fund, LP · ProShares K-1 Free Crude Oil ETF

    Expense ratio
    0.86% · 0.70%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MWHSDvsDBEB

    Skylar Electricity Futures ETF · Invesco DB Energy Fund

    Expense ratio
    0.95% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USOBvsDBEB

    United States Oil Fund, LP · Invesco DB Energy Fund

    Expense ratio
    0.86% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MWHSDvsDBOB

    Skylar Electricity Futures ETF · Invesco DB Oil Fund

    Expense ratio
    0.95% · 0.81%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USOBvsDBOB

    United States Oil Fund, LP · Invesco DB Oil Fund

    Expense ratio
    0.86% · 0.81%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.