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USL
-0.00 · -0.00%
$35.25 · NYSE ARCA

United States 12 Month Oil Fund LP (USL) ETF Analysis | Commodities Focused

USCF Investments · United States
AUM:$44.0M
#– of – in Commodities Focused ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

USL returned +2.5% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.85% — above average for this category.

What is USL?

The fund invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. The Benchmark Oil Futures Contracts are the futures contracts on light, sweet crude oil as traded on the New York Mercantile Exchange.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
USL returned 2.5% over the past year.
Higher Cost Profile
Expense ratio of 0.85% is above average. Verify whether the strategy justifies the cost.
Moderate Concentration
Top 10 holdings make up 44.2% of the ETF — a moderate level of name concentration.
ETF Information
AUM$44.0M
Expense Ratio0.85%
Dividend Yield0.00%
Holdings10
Inception DateDec 2007
DomicileUnited States
DistributionNA
Index–
ProviderUSCF Investments
Beta0.97
CategoryCommodities Focused
CurrencyUSD
Portfolio Impact

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+33.7%
1Y
+41.4%
3Y
+37.3%
5Y
+105.9%
OpenBook InsightIf you had invested £10,000 in USL 5 years ago, it would have grown to £20,587 — a gain of £10,587.

Annual Returns

Calendar year performance

USL delivered positive returns in 4 of the last 5 calendar years.
YearUSL
2026 YTD+54.2%
2025-13.5%
2024+9.3%
2023+2.2%
2022+25.8%
CAGR 4yr+5.0%
4/5 positive yearsAvg return: +15.6%Worst year: -13.5% (2025)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
33.2%
High
Momentum
+1.5%
30-day change
Support Level
47.05
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.
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