DBOvsUSLETF Comparison
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Invesco DB Oil Fund ETF (DBO) and United States 12 Month Oil Fund (USL) belong to the same industry segment: Energy. DBO is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 1.02% for USL. DBO is up 113.41% year-to-date (YTD) with -$132M in YTD flows. USL performs worse with 88.83% YTD performance, and -$17M in YTD flows. Run a side-by-side ETF comparison of DBO and USL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DBO vs USL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DBO USL | +1.85%+10.82% | +31.45%+27.62% | +113.41%+88.83% | +117.84%+89.46% | +71.85%+59.93% | +98.49%+115.12% |
| Flows | DBO USL | +$2M-$3M | -$25M-$6M | -$132M-$17M | -$121M-$18M | -$130M-$45M | -$403M-$169M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DBO USL | +44.95%+25.37% | +42.47%+32.41% | +33.10%+27.88% | +34.06%+31.34% |
| Max drawdown | DBO USL | -18.24%-9.53% | -27.48%-20.87% | -27.48%-23.82% | -37.32%-32.97% |
| Max drawdown duration | DBO USL | 43d25d | 113d114d | 113d608d | 1367d1367d |
Trading data
DBO | USL | |
Last sale 10/16/2026 at 1:30 PM | $25.99 | $62.74 |
| Previous close 10/16/2026 | $25.24 | $61.20 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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DBO | USL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
DBO | USL | |
|---|---|---|
| Last price | $25.99 | $62.74 |
| 1D performance | +2.97% | +2.52% |
| AuM | $286.21 M | $50.32 M |
| E/R | 0.75% | 1.02% |
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Exposure
Countries
DBO
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USL
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Sectors
DBO
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USL
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Diversification
DBO
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USL
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Top 15 holdings
Data as of January 1, 1970
DBO
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USL
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Frequently asked questions about DBO and USL
How have the DBO and USL ETFs performed in 2026?
As of October 16, 2026, DBO is up 113.41% year-to-date (YTD), while USL has returned 88.83%. That puts DBO better performer ahead so far this year.
Which ETF is attracting more investor money: DBO or USL?
Year-to-date, the DBO ETF saw -$132M in flows, compared to -$17M for USL.
Which ETF is more volatile: DBO or USL?
Over the past year, DBO had a volatility of 42.47%, while USL experienced 32.41%.
Which ETF is bigger: DBO or USL?
As of October 16, 2026, DBO holds $286.21 M in assets under management (AUM), while USL manages $50.32 M.
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Latest news about DBO & USL
Crude and Natural Gas Markets on the Move
August 12, 2024
DBO
USL
Energy Funds Stay in the Green as Oil Prices Inch Closer to $100 per Barrel
September 18, 2023
DBO
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