OLEM

iPath Pure Beta Crude Oil ETN
D

87
*Unless otherwise stated, data provided by FactSet.

OLEM Fund Description

The iPath Pure Beta Crude Oil ETN tracks an index of a single crude oil futures contract whose expiration date is chosen to mitigate contango.

OLEM Factset Analytics Insight

OLEM tries to be a contango-busting alternative to OIL (another iPath ETN), but it's marred by weak retail liquidity and a relatively steep fee. Like all oil ETPs, OLEM uses oil futures, since spot oil is uninvestable. OLEM tries to tame the impact of the futures curve by rolling its exposure into the single contract with the best roll yield. In contrast, OIL and our benchmark simply roll expiring contracts into the next-nearest month. When futures are in contango, OLEM's approach is supposed to help, and indeed the ETN's returns have slightly exceeded those of our benchmark. Accessing this strategy isn't easy for retail investors, however, due to extremely low volume. Unless and until investor interest improves, better choices exist in the segment.

OLEM CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/12/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OLEM 2.31% 4.03% 15.64% 49.16% -3.11% -13.38% --
OLEM (NAV) 3.29% 4.47% 16.64% 51.41% -2.61% -13.20% --
S&P GSCI Crude Oil Index 6.85% 6.34% 19.14% 54.54% -5.79% -16.95% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OLEM Top 10 Holdings

This chart is unavailable

OLEM Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$2.65M
$19.54K
0.39%

OLEM Portfolio Data

Futures
Optimized
N/A
--

OLEM Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil Index

OLEM Portfolio Management

0.85%
-0.48%
-0.40%
-0.55%

OLEM Tax Exposures

20.00% / 39.60%
--
No

OLEM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

OLEM Factset Analytics Block Liquidity

As of 07/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of OLEM. OLEM is rated a 5 out of 5.

OLEM Tradability

706
$19.54K
321
$11.10K
0.39%
$0.08
-0.17%
4.92% / -5.89%
None
100.00%
50,000
0.01
0.00%
--
--
$20.12
5

OLEM SECTOR BREAKDOWN


OLEM
Segment Benchmark
100.00%
100.00%

OLEM Tenor Strategy

OLEM's optimized tenor selection aims to replicate front-year returns without being subject to front-month market disruptions.

OLEM Rolling Strategy

OLEM rolls contracts over an annually pre-determined 5 day period each month.

OLEM Performance Statistics

0.96
0.92
0.94
0.95
0.00%