United States 12 Month Oil Fund (USL) Equity Ratio (2012 - 2026)
United States 12 Month Oil Fund posted quarterly Equity Ratio of 0.91 for Q1 2026, down 8.42% year-on-year from 1.0 in Q1 2025, and down 8.32% on a QoQ basis from 1.0 in Q4 2025.
United States 12 Month Oil Fund (USL) has 15 years of Equity Ratio data on file, last reported at 0.91 in Q1 2026.
- For the quarter ending Q1 2026, Equity Ratio fell 8.42% year-over-year to 0.91; the trailing twelve-month figure through Mar 2026 stood at 0.91 (down 8.42% YoY), and the FY2025 full-year result was 1.0, changed 0.03% from the prior year.
- Equity Ratio for Q1 2026 stood at 0.91, down from 1.0 in the prior quarter.
- Across five years, Equity Ratio topped out at 1.0 in Q2 2024 and bottomed at 0.84 in Q1 2022.
- The 5-year median for Equity Ratio is 1.0 (2022), against an average of 0.98.
- The widest annual swing landed in 2023, when Equity Ratio climbed 18.73%; it then dropped 8.42% in 2026.
- A 5-year view of Equity Ratio shows it stood at 0.96 in 2022, then grew by 4.35% to 1.0 in 2023, then fell by 0.11% to 1.0 in 2024, then dropped by 0.03% to 1.0 in 2025, then decreased by 8.32% to 0.91 in 2026.
- The last three Equity Ratio figures came in at 0.91 (Q1 2026), 1.0 (Q4 2025), and 1.0 (Q3 2025), per Business Quant data.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.91 |
| Dec 31, 2025 | 1.00 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 1.00 |
| Mar 31, 2025 | 1.00 |
| Dec 31, 2024 | 1.00 |
| Sep 30, 2024 | 1.00 |
| Jun 30, 2024 | 1.00 |
| Mar 31, 2024 | 1.00 |
| Dec 31, 2023 | 1.00 |
| Sep 30, 2023 | 0.98 |
| Jun 30, 2023 | 1.00 |
| Mar 31, 2023 | 1.00 |
| Dec 31, 2022 | 0.96 |
| Sep 30, 2022 | 1.00 |
| Jun 30, 2022 | 0.95 |
| Mar 31, 2022 | 0.84 |
| Dec 31, 2021 | 0.92 |
| Sep 30, 2021 | 0.86 |
| Jun 30, 2021 | 0.83 |
| Mar 31, 2021 | 0.86 |
| Dec 31, 2020 | 0.90 |
| Sep 30, 2020 | 0.95 |
| Jun 30, 2020 | 0.88 |
| Mar 31, 2020 | 1.00 |
| Dec 31, 2019 | 1.00 |
| Sep 30, 2019 | 1.00 |
| Jun 30, 2019 | 1.00 |
| Mar 31, 2019 | 1.00 |
| Dec 31, 2018 | 1.00 |
| Sep 30, 2018 | 0.97 |
| Jun 30, 2018 | 0.86 |
| Mar 31, 2018 | 0.90 |
| Dec 31, 2017 | 0.92 |
| Sep 30, 2017 | 0.98 |
| Jun 30, 2017 | 1.00 |
| Mar 31, 2017 | 1.00 |
| Dec 31, 2016 | 0.89 |
| Sep 30, 2016 | 0.94 |
| Jun 30, 2016 | 0.97 |
| Mar 31, 2016 | 1.00 |
| Dec 31, 2015 | 1.00 |
| Sep 30, 2015 | 1.00 |
| Jun 30, 2015 | 1.00 |
| Mar 31, 2015 | 1.00 |
| Dec 31, 2014 | 0.99 |
| Sep 30, 2014 | 1.00 |
| Jun 30, 2014 | 1.00 |
| Mar 31, 2014 | 1.00 |
| Dec 31, 2013 | 0.96 |
| Sep 30, 2013 | 1.00 |
| Jun 30, 2013 | 1.00 |
| Mar 31, 2013 | 1.00 |
| Dec 31, 2012 | 1.00 |