United States 12 Month Oil Fund, LP (USL) belongs to the Oil & Gas category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with USL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to USL
USL charges 1.02% annually. There are 11 ETFs in the Oil & Gas category with lower expense ratios, going as low as 0.69%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil ETF | 0.69% | 203.26M | Sep 2016 | USL vs OILK | |
| Invesco DB Energy Fund | 0.78% | 99.84M | Jan 2007 | USL vs DBE | |
| Invesco DB Oil Fund | 0.78% | 257.23M | Jan 2007 | USL vs DBO | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 0.85% | 254.25M | Apr 2017 | USL vs USOI | |
| United States Oil Fund LP | 0.86% | 1.99B | Apr 2006 | USL vs USO |
Best Risk-Adjusted Alternatives to USL
USL has a PortfoliosLab risk / return rank of 43. There are 7 ETFs in the Oil & Gas category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund, LP | 87 | 135.15M | Feb 2008 | USL vs UGA | |
| Invesco DB Energy Fund | 72 | 99.84M | Jan 2007 | USL vs DBE | |
| Invesco DB Oil Fund | 58 | 257.23M | Jan 2007 | USL vs DBO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 56 | 65.33M | Nov 2021 | USL vs OILU | |
| United States Oil Fund LP | 55 | 1.99B | Apr 2006 | USL vs USO |
Top Performing USL Alternatives (YTD)
USL is at 50.47% YTD. There are 8 ETFs in the Oil & Gas category with higher YTD returns, going as high as 109.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 109.21% | 421.22M | Nov 2008 | USL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 95.09% | 65.33M | Nov 2021 | USL vs OILU | |
| United States Gasoline Fund, LP | 91.06% | 135.15M | Feb 2008 | USL vs UGA | |
| United States Oil Fund LP | 86.77% | 1.99B | Apr 2006 | USL vs USO | |
| Invesco DB Energy Fund | 78.87% | 99.84M | Jan 2007 | USL vs DBE |
Lowest Volatility Alternatives to USL
USL has 29.92% 1-year volatility. There is 1 ETF in the Oil & Gas category with lower 1-year volatility, going as low as 24.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 24.74% | 254.25M | Apr 2017 | USL vs USOI | |
| ProShares K-1 Free Crude Oil ETF | 30.21% | 203.26M | Sep 2016 | USL vs OILK | |
| United States 12 Month Natural Gas Fund LP | 34.75% | 16.16M | Nov 2009 | USL vs UNL | |
| United States Gasoline Fund, LP | 36.11% | 135.15M | Feb 2008 | USL vs UGA | |
| Invesco DB Energy Fund | 37.47% | 99.84M | Jan 2007 | USL vs DBE |
Lowest Drawdown Alternatives to USL
USL has a 1-year max drawdown of -20.91%. There is 1 ETF in the Oil & Gas category with a shallower 1-year drawdown, going as shallow as -20.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -20.32% | 135.15M | Feb 2008 | USL vs UGA | |
| ProShares K-1 Free Crude Oil ETF | -21.19% | 203.26M | Sep 2016 | USL vs OILK | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -23.54% | 254.25M | Apr 2017 | USL vs USOI | |
| Invesco DB Energy Fund | -24.72% | 99.84M | Jan 2007 | USL vs DBE | |
| Invesco DB Oil Fund | -27.73% | 257.23M | Jan 2007 | USL vs DBO |
Other ETFs from USCF
The 10 most viewed USCF ETFs shown here include CPER, BNO, UNG and span 7 categories. AUM among these funds goes as high as $732M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| United States Copper Index Fund | Copper, Metals | 70 | 13.16% | 732.12M | Nov 2011 | USL vs CPER | |
| United States Brent Oil Fund LP | Oil & Gas | 52 | 77.90% | 615.26M | Jun 2010 | USL vs BNO | |
| United States Natural Gas Fund LP | Oil & Gas | 5 | -17.94% | 467.98M | Apr 2007 | USL vs UNG | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | Commodities | 85 | 31.41% | 575.59M | May 2018 | USL vs SDCI | |
| United States Commodity Index Fund | Commodities | 84 | 30.16% | 369.40M | Aug 2010 | USL vs USCI | |
| USCF Midstream Energy Income Fund ETF | Energy Equities | 83 | 26.70% | 509.11M | Mar 2021 | USL vs UMI | |
| USCF Energy Commodity Strategy Absolute Return Fun... | Commodities | 19 | 41.47% | 6.48M | May 2023 | USL vs USE | |
| USCF Sustainable Commodity Strategy Fund | Commodities | 86 | 5.92% | 2.96M | Aug 2023 | USL vs ZSC | |
| USCF Daily Target 2X Copper Index ETF | Copper, Leveraged Commodities | 66 | 20.21% | 22.43M | Jan 2025 | USL vs CPXR | |
| USCF Sustainable Battery Metals Strategy Fund | Lithium & Battery Metals, Commodities | 78 | 2.41% | 2.14M | Jan 2023 | USL vs ZSB |
Often Compared With USL
Investors most often compare USL with FGDL, XLE, XHB. These 20 comparison targets span 19 categories, based on PortfoliosLab usage data.
Compare USL with Any Fund or Stock
Compare USL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair USL with funds that move differently
United States 12 Month Oil Fund, LP alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to USL.
Explore USL Diversifiers