United States 12 Month Oil Fund (USL) Market Capitalization (2010 - 2026)
United States 12 Month Oil Fund's (USL) quarterly Market Capitalization came in at $40.8 million in Q2 2026, down 3.1% on a YoY basis from $42.1 million in Q2 2025, and down 26.33% quarter-over-quarter from $55.4 million in Q1 2026.
Analysis
United States 12 Month Oil Fund (USL) Market Capitalization (2010 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has reported Market Capitalization for 17 consecutive years, with $40.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Market Capitalization fell 3.1% year-over-year to $40.8 million; the trailing twelve-month figure through Jun 2026 stood at $40.8 million (down 3.1% YoY), and the FY2025 full-year result was $40.0 million, down 33.77% from the prior year.
- Market Capitalization slipped to $40.8 million in Q2 2026 per USL's latest filing, from $55.4 million in the prior quarter.
- Across five years, Market Capitalization topped out at $167.4 million in Q1 2022 and bottomed at $40.0 million in Q4 2025.
- Historically, Market Capitalization has averaged $72.3 million across 5 years, with a median of $63.0 million in 2023.
- The sharpest annual moves came in 2023 and 2026: Market Capitalization sank 55.67% in 2023, then grew 20.9% in 2026.
- Over 5 years, Market Capitalization stood at $123.8 million in 2022, then plunged by 48.95% to $63.2 million in 2023, then slipped by 4.48% to $60.4 million in 2024, then slumped by 33.77% to $40.0 million in 2025, then increased by 2.13% to $40.8 million in 2026.
- According to Business Quant data, Market Capitalization over the past three periods registered $40.8 million, $55.4 million, and $40.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - |
| 10 | United States 12 Month Oil Fund | 58.33 Mn | 23.57 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.83 Mn |
| Mar 31, 2026 | 55.43 Mn |
| Dec 31, 2025 | 39.98 Mn |
| Sep 30, 2025 | 40.94 Mn |
| Jun 30, 2025 | 42.14 Mn |
| Mar 31, 2025 | 45.85 Mn |
| Dec 31, 2024 | 60.36 Mn |
| Sep 30, 2024 | 53.90 Mn |
| Jun 30, 2024 | 62.81 Mn |
| Mar 31, 2024 | 63.78 Mn |
| Dec 31, 2023 | 63.19 Mn |
| Sep 30, 2023 | 80.19 Mn |
| Jun 30, 2023 | 70.13 Mn |
| Mar 31, 2023 | 74.21 Mn |
| Dec 31, 2022 | 123.79 Mn |
| Sep 30, 2022 | 94.19 Mn |
| Jun 30, 2022 | 122.64 Mn |
| Mar 31, 2022 | 167.41 Mn |
| Dec 31, 2021 | 214.01 Mn |
| Sep 30, 2021 | 144.77 Mn |