DTODB Crude Oil Double Short ETN
DTO Fund Description
The DB Crude Oil Double Short ETN provides -2x the daily return of an index that tracks the performance of futures contracts on crude oil.
DTO Factset Analytics Insight
DTO is a 2x leveraged bet against oil futures, intended for day trading, not as a long-term investment. DTO's linked index is an "excess return" index, which reflects returns due to price appreciation on its WTI futures contracts as well as any return from rolling those futures contracts, but not any return on collateral, further highlighting the fund’s intended short-term nature. Investors should be aware that daily compounding can cause DTO's returns to vary significantly from its stated -2x exposure over longer holding periods, and they will have to rebalance their exposure to get the multiple for longer periods.Given the fund's role as a short-term tactical tool, its lukewarm volume and wide spreads may be a concern. The fund charges a very reasonable fee for a leveraged product, but investors shouldn’t be sticking around long enough to realize significant holding costs.
DTO CHARTS AND PERFORMANCE
DTO Portfolio Data
DTO Index Data
DTO Fund Structure
DTO Tax Exposures
DTO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DTO. DTO is rated a 5 out of 5.