Oil ETF Overview

Investing in oil ETFs can be a complex endeavor. For most investors, even large traders, taking delivery of oil and storing it is simply impractical or impossible to do. Thus, oil ETFs have become a popular instrument with which to access the oil market. In today's market, investors can find ETFs that track the daily price of oil and that aim to mitigate the effects of contango and backwardation, as well as ETFs exposed to companies in the oil sector.

This channel is designed to help you understand oil ETFs, how they are built, how they behave, their objectives, their risks and their rewards.

TOP ETF PERFORMERS

UBRTAxelaTrader 3x Long Brent Crude Oil ETN12.21%
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares8.27%
USOUUnited States 3x Oil Fund6.11%
UWTVelocityShares 3x Long Crude Oil ETN6.01%
WTIUUBS ETRACS - ProShares Daily 3x Long Crude ETN5.85%

BOTTOM ETF PERFORMERS

DWTVelocityShares 3x Inverse Crude Oil ETN-9.48%
OILDProShares UltraPro 3x Short Crude Oil ETF-9.44%
WTIDUBS ETRACS - ProShares Daily 3x Inverse Crude ETN-9.25%
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares-9.25%
USODUnited States 3x Short Oil Fund-9.20%

AUM WINNERS

DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares72.99%
OILKProShares K-1 Free Crude Oil Strategy ETF28.35%
DBOPowerShares DB Oil Fund21.51%
PXJPowerShares Dynamic Oil & Gas Services Portfolio19.23%
DWTVelocityShares 3x Inverse Crude Oil ETN19.07%

AUM LOSERS

OILUProShares UltraPro 3x Crude Oil ETF-42.47%
UWTVelocityShares 3x Long Crude Oil ETN-22.92%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-16.96%
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares-13.51%
USLUnited States 12 Month Oil Fund LP-11.27%

ETF Results:

38 ETFs
As of 10/19/2017
USOUnited States Oil Fund LPUS Commodity Funds0.76%$2.31B0.10%Commodities: Energy Crude Oil
XOPSPDR S&P Oil & Gas Exploration & Production ETFState Street Global Advisors0.35%$2.10B0.03%Equity: U.S. Oil & Gas Exploration & Production
OIHVanEck Vectors Oil Services ETFVanEck0.35%$1.25B0.04%Equity: Global Oil & Gas Equipment & Services
OILiPath S&P GSCI Crude Oil Total Return ETNBarclays Capital0.75%$736.00M0.19%Commodities: Energy Crude Oil
UCOProShares Ultra Bloomberg Crude OilProShares1.31%$627.77M0.06%Leveraged Commodities: Energy Crude Oil
IEOiShares U.S. Oil & Gas Exploration & Production ETFBlackRock0.44%$403.93M0.05%Equity: U.S. Oil & Gas Exploration & Production
DBOPowerShares DB Oil FundInvesco PowerShares0.78%$389.25M0.12%Commodities: Energy Crude Oil
XESSPDR S&P Oil & Gas Equipment & Services ETFState Street Global Advisors0.35%$308.29M0.09%Equity: U.S. Oil & Gas Equipment & Services
UWTVelocityShares 3x Long Crude Oil ETNCitiGroup1.50%$293.65M0.07%Leveraged Commodities: Energy Crude Oil
SCOProShares UltraShort Bloomberg Crude OilProShares1.17%$216.09M0.07%Inverse Commodities: Energy Crude Oil
IEZiShares U.S. Oil Equipment & Services ETFBlackRock0.44%$185.30M0.10%Equity: U.S. Oil & Gas Equipment & Services
DWTVelocityShares 3x Inverse Crude Oil ETNCitiGroup1.50%$147.28M0.08%Inverse Commodities: Energy Crude Oil
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X SharesDirexion1.07%$121.90M0.15%Leveraged Equity: U.S. Oil & Gas Exploration & Production
USLUnited States 12 Month Oil Fund LPUS Commodity Funds0.71%$97.68M0.20%Commodities: Energy Crude Oil
BNOUnited States Brent Oil Fund LPUS Commodity Funds0.89%$94.11M0.07%Commodities: Energy Crude Oil
OILBiPath Series B S&P GSCI Crude Oil ETNBarclays Capital0.45%$53.23M0.14%Commodities: Energy Crude Oil
PXEPowerShares Dynamic Energy Exploration & Production PortfolioInvesco PowerShares0.75%$48.75M0.32%Equity: U.S. Oil & Gas Exploration & Production
DTODB Crude Oil Double Short ETNDeutsche Bank0.75%$39.20M0.66%Inverse Commodities: Energy Crude Oil
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X SharesDirexion1.10%$38.36M0.23%Inverse Equity: U.S. Oil & Gas Exploration & Production
PXJPowerShares Dynamic Oil & Gas Services PortfolioInvesco PowerShares0.63%$36.35M0.39%Equity: U.S. Oil & Gas Equipment & Services
USOUnited States Oil Fund LP2.37%6.81%-11.24%-20.90%-17.07%10/19/2017
XOPSPDR S&P Oil & Gas Exploration & Production ETF2.98%1.70%-12.05%-8.97%-3.06%10/19/2017
OIHVanEck Vectors Oil Services ETF-3.26%-8.43%-20.55%-8.56%--   10/19/2017
OILiPath S&P GSCI Crude Oil Total Return ETN3.28%8.74%-15.21%-24.55%-20.00%10/19/2017
UCOProShares Ultra Bloomberg Crude Oil4.41%14.05%-25.28%-43.30%--   10/19/2017
IEOiShares U.S. Oil & Gas Exploration & Production ETF3.76%3.67%-4.01%-0.86%0.09%10/19/2017
DBOPowerShares DB Oil Fund2.33%7.34%-6.40%-19.39%-11.58%10/19/2017
XESSPDR S&P Oil & Gas Equipment & Services ETF-1.63%-7.77%-22.42%-14.06%-8.11%10/19/2017
UWTVelocityShares 3x Long Crude Oil ETN6.01%16.29%--   --   --   10/19/2017
SCOProShares UltraShort Bloomberg Crude Oil-5.81%-17.53%-4.18%10.17%--   10/19/2017
IEZiShares U.S. Oil Equipment & Services ETF-2.81%-5.90%-18.41%-7.66%-5.17%10/19/2017
DWTVelocityShares 3x Inverse Crude Oil ETN-9.48%-25.68%--   --   --   10/19/2017
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares8.27%1.37%-46.63%--   --   10/19/2017
USLUnited States 12 Month Oil Fund LP1.96%6.80%-7.38%-14.43%--   10/19/2017
BNOUnited States Brent Oil Fund LP4.15%15.98%0.33%-17.53%--   10/19/2017
OILBiPath Series B S&P GSCI Crude Oil ETN3.18%10.91%--   --   --   10/19/2017
PXEPowerShares Dynamic Energy Exploration & Production Portfolio2.65%4.29%-3.49%-2.80%-0.14%10/19/2017
DTODB Crude Oil Double Short ETN-6.08%-16.67%9.54%21.47%--   10/19/2017
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares-9.25%-11.13%-9.07%--   --   10/19/2017
PXJPowerShares Dynamic Oil & Gas Services Portfolio-0.87%-5.96%-20.17%-13.68%-9.66%10/19/2017
USOUnited States Oil Fund LPUS Commodity FundsCommodities: Energy Crude OilB8696100
XOPSPDR S&P Oil & Gas Exploration & Production ETFState Street Global AdvisorsEquity: U.S. Oil & Gas Exploration & ProductionA979977
OIHVanEck Vectors Oil Services ETFVanEckEquity: Global Oil & Gas Equipment & ServicesA969840
OILiPath S&P GSCI Crude Oil Total Return ETNBarclays CapitalCommodities: Energy Crude OilC649292
UCOProShares Ultra Bloomberg Crude OilProSharesLeveraged Commodities: Energy Crude Oil--------
IEOiShares U.S. Oil & Gas Exploration & Production ETFBlackRockEquity: U.S. Oil & Gas Exploration & ProductionA929875
DBOPowerShares DB Oil FundInvesco PowerSharesCommodities: Energy Crude OilD539659
XESSPDR S&P Oil & Gas Equipment & Services ETFState Street Global AdvisorsEquity: U.S. Oil & Gas Equipment & ServicesA989634
UWTVelocityShares 3x Long Crude Oil ETNCitiGroupLeveraged Commodities: Energy Crude Oil--------
SCOProShares UltraShort Bloomberg Crude OilProSharesInverse Commodities: Energy Crude Oil--------
IEZiShares U.S. Oil Equipment & Services ETFBlackRockEquity: U.S. Oil & Gas Equipment & ServicesA959555
DWTVelocityShares 3x Inverse Crude Oil ETNCitiGroupInverse Commodities: Energy Crude Oil--------
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X SharesDirexionLeveraged Equity: U.S. Oil & Gas Exploration & Production--------
USLUnited States 12 Month Oil Fund LPUS Commodity FundsCommodities: Energy Crude OilB838440
BNOUnited States Brent Oil Fund LPUS Commodity FundsCommodities: Energy Crude Oil--------
OILBiPath Series B S&P GSCI Crude Oil ETNBarclays CapitalCommodities: Energy Crude OilB9266--
PXEPowerShares Dynamic Energy Exploration & Production PortfolioInvesco PowerSharesEquity: U.S. Oil & Gas Exploration & ProductionB866257
DTODB Crude Oil Double Short ETNDeutsche BankInverse Commodities: Energy Crude Oil--------
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X SharesDirexionInverse Equity: U.S. Oil & Gas Exploration & Production--------
PXJPowerShares Dynamic Oil & Gas Services PortfolioInvesco PowerSharesEquity: U.S. Oil & Gas Equipment & ServicesC865842
USOUnited States Oil Fund LP------ ------
XOPSPDR S&P Oil & Gas Exploration & Production ETF0.89%-22.881.52 ------
OIHVanEck Vectors Oil Services ETF1.94%-8.770.92 ------
OILiPath S&P GSCI Crude Oil Total Return ETN------ ------
UCOProShares Ultra Bloomberg Crude Oil------ ------
IEOiShares U.S. Oil & Gas Exploration & Production ETF1.02%-28.681.77 ------
DBOPowerShares DB Oil Fund------ ------
XESSPDR S&P Oil & Gas Equipment & Services ETF1.72%-5.630.63 ------
UWTVelocityShares 3x Long Crude Oil ETN------ ------
SCOProShares UltraShort Bloomberg Crude Oil------ ------
IEZiShares U.S. Oil Equipment & Services ETF3.73%-7.890.85 ------
DWTVelocityShares 3x Inverse Crude Oil ETN------ ------
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares14.91%---- ------
USLUnited States 12 Month Oil Fund LP------ ------
BNOUnited States Brent Oil Fund LP------ ------
OILBiPath Series B S&P GSCI Crude Oil ETN------ ------
PXEPowerShares Dynamic Energy Exploration & Production Portfolio2.18%-42.011.94 ------
DTODB Crude Oil Double Short ETN------ ------
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares------ ------
PXJPowerShares Dynamic Oil & Gas Services Portfolio2.00%-6.740.77 ------
USOUnited States Oil Fund LP
XOPSPDR S&P Oil & Gas Exploration & Production ETF
OIHVanEck Vectors Oil Services ETF
OILiPath S&P GSCI Crude Oil Total Return ETN
UCOProShares Ultra Bloomberg Crude Oil
IEOiShares U.S. Oil & Gas Exploration & Production ETF
DBOPowerShares DB Oil Fund
XESSPDR S&P Oil & Gas Equipment & Services ETF
UWTVelocityShares 3x Long Crude Oil ETN
SCOProShares UltraShort Bloomberg Crude Oil
IEZiShares U.S. Oil Equipment & Services ETF
DWTVelocityShares 3x Inverse Crude Oil ETN
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
USLUnited States 12 Month Oil Fund LP
BNOUnited States Brent Oil Fund LP
OILBiPath Series B S&P GSCI Crude Oil ETN
PXEPowerShares Dynamic Energy Exploration & Production Portfolio
DTODB Crude Oil Double Short ETN
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
PXJPowerShares Dynamic Oil & Gas Services Portfolio
United States Oil Fund LPUSOCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthNoNoNoFront Month Light Sweet Crude OilExchangeSingle AssetSingle AssetNo
SPDR S&P Oil & Gas Exploration & Production ETFXOPEquityEqualNorth AmericaU.S.SectorEnergyOil & Gas Exploration & ProductionNoNoNoS&P Oil & Gas Exploration & Production Select Industry IndexS&PMarket CapEqualNo
VanEck Vectors Oil Services ETFOIHEquityVanillaGlobalGlobalSectorEnergyOil & Gas Equipment & ServicesNoNoNoMVIS US Listed Oil Services 25 IndexVan EckMarket CapMarket CapNo
iPath S&P GSCI Crude Oil Total Return ETNOILCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthNoNoNoS&P GSCI Crude Oil IndexS&PSingle AssetSingle AssetNo
ProShares Ultra Bloomberg Crude OilUCOCommoditiesExtended TermGlobalGlobalEnergyCrude OilExtended TermNoYesNoBloomberg WTI Crude Oil Subindex Total ReturnBloombergSingle AssetSingle AssetNo
iShares U.S. Oil & Gas Exploration & Production ETFIEOEquityVanillaNorth AmericaU.S.SectorEnergyOil & Gas Exploration & ProductionNoNoNoDow Jones U.S. Select Oil Exploration & Production IndexDow JonesMarket CapMarket CapNo
PowerShares DB Oil FundDBOCommoditiesOptimized commodityGlobalGlobalEnergyCrude OilOptimizedNoNoNoDBIQ Optimum Yield Crude Oil Index Total ReturnDeutsche BankSingle AssetSingle AssetNo
SPDR S&P Oil & Gas Equipment & Services ETFXESEquityEqualNorth AmericaU.S.SectorEnergyOil & Gas Equipment & ServicesNoNoNoS&P Oil & Gas Equipment & Services Select Industry IndexS&PMarket CapEqualNo
VelocityShares 3x Long Crude Oil ETNUWTCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthNoYesYesNo Underlying IndexSingle AssetSingle AssetNo
ProShares UltraShort Bloomberg Crude OilSCOCommoditiesExtended TermGlobalGlobalEnergyCrude OilExtended TermYesNoNoBloomberg WTI Crude Oil Subindex Total ReturnBloombergSingle AssetSingle AssetNo
iShares U.S. Oil Equipment & Services ETFIEZEquityVanillaNorth AmericaU.S.SectorEnergyOil & Gas Equipment & ServicesNoNoNoDow Jones U.S. Select Oil Equipment & Services IndexDow JonesMarket CapMarket CapNo
VelocityShares 3x Inverse Crude Oil ETNDWTCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthYesNoYesS&P GSCI Crude Oil IndexS&PSingle AssetSingle AssetNo
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X SharesGUSHEquityEqualNorth AmericaU.S.SectorEnergyOil & Gas Exploration & ProductionNoYesNoS&P Oil & Gas Exploration & Production Select Industry IndexS&PMarket CapEqualNo
United States 12 Month Oil Fund LPUSLCommoditiesLadderedGlobalGlobalEnergyCrude OilLadderedNoNoNo12 Month Light Sweet Crude OilExchangeSingle AssetSingle AssetNo
United States Brent Oil Fund LPBNOCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthNoNoNoFront Month Brent Crude OilSpot PriceSingle AssetSingle AssetNo
iPath Series B S&P GSCI Crude Oil ETNOILBCommoditiesVanillaGlobalGlobalEnergyCrude OilFront MonthNoNoYesS&P GSCI Crude Oil IndexS&PSingle AssetSingle AssetNo
PowerShares Dynamic Energy Exploration & Production PortfolioPXEEquityMulti-factorNorth AmericaU.S.SectorEnergyOil & Gas Exploration & ProductionNoNoNoDynamic Energy Exploration & Production Intellidex IndexNYSEMulti-FactorTieredNo
DB Crude Oil Double Short ETNDTOCommoditiesOptimized commodityGlobalGlobalEnergyCrude OilOptimizedYesNoNoDBIQ Optimum Yield Crude Oil Index Total ReturnDeutsche BankSingle AssetSingle AssetNo
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X SharesDRIPEquityEqualNorth AmericaU.S.SectorEnergyOil & Gas Exploration & ProductionYesNoNoS&P Oil & Gas Exploration & Production Select Industry IndexS&PMarket CapEqualNo
PowerShares Dynamic Oil & Gas Services PortfolioPXJEquityMulti-factorNorth AmericaU.S.SectorEnergyOil & Gas Equipment & ServicesNoNoNoDynamic Oil Services Intellidex IndexNYSEMulti-FactorTieredNo
USOUnited States Oil Fund LPCommodities Pool27.8427.84K-1
XOPSPDR S&P Oil & Gas Exploration & Production ETFOpen-Ended Fund20.0039.601099
OIHVanEck Vectors Oil Services ETFOpen-Ended Fund20.0039.601099
OILiPath S&P GSCI Crude Oil Total Return ETNExchange-Traded Note20.0039.601099
UCOProShares Ultra Bloomberg Crude OilCommodities Pool27.8427.84K-1
IEOiShares U.S. Oil & Gas Exploration & Production ETFOpen-Ended Fund20.0039.601099
DBOPowerShares DB Oil FundCommodities Pool27.8427.84K-1
XESSPDR S&P Oil & Gas Equipment & Services ETFOpen-Ended Fund20.0039.601099
UWTVelocityShares 3x Long Crude Oil ETNExchange-Traded Note20.0039.601099
SCOProShares UltraShort Bloomberg Crude OilCommodities Pool27.8427.84K-1
IEZiShares U.S. Oil Equipment & Services ETFOpen-Ended Fund20.0039.601099
DWTVelocityShares 3x Inverse Crude Oil ETNExchange-Traded Note20.0039.601099
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X SharesOpen-Ended Fund20.0039.601099
USLUnited States 12 Month Oil Fund LPCommodities Pool27.8427.84K-1
BNOUnited States Brent Oil Fund LPCommodities Pool27.8427.84K-1
OILBiPath Series B S&P GSCI Crude Oil ETNExchange-Traded Note20.0039.601099
PXEPowerShares Dynamic Energy Exploration & Production PortfolioOpen-Ended Fund20.0039.601099
DTODB Crude Oil Double Short ETNExchange-Traded Note20.0039.601099
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X SharesOpen-Ended Fund20.0039.601099
PXJPowerShares Dynamic Oil & Gas Services PortfolioOpen-Ended Fund20.0039.601099
USOUnited States Oil Fund LP------------
XOPSPDR S&P Oil & Gas Exploration & Production ETF3.30 / 1011.281.69615.150.58%--
OIHVanEck Vectors Oil Services ETF4.60 / 1063.5322.50145.27----
OILiPath S&P GSCI Crude Oil Total Return ETN------------
UCOProShares Ultra Bloomberg Crude Oil6.86 / 10--90.87------
IEOiShares U.S. Oil & Gas Exploration & Production ETF3.82 / 1030.086.04569.040.24%--
DBOPowerShares DB Oil Fund------------
XESSPDR S&P Oil & Gas Equipment & Services ETF3.95 / 1034.968.20156.56----
UWTVelocityShares 3x Long Crude Oil ETN------------
SCOProShares UltraShort Bloomberg Crude Oil------------
IEZiShares U.S. Oil Equipment & Services ETF4.53 / 1061.2820.58124.710.05%--
DWTVelocityShares 3x Inverse Crude Oil ETN------------
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares------------
USLUnited States 12 Month Oil Fund LP------------
BNOUnited States Brent Oil Fund LP------------
OILBiPath Series B S&P GSCI Crude Oil ETN------------
PXEPowerShares Dynamic Energy Exploration & Production Portfolio3.52 / 1019.552.77467.070.26%4.62%
DTODB Crude Oil Double Short ETN------------
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares------------
PXJPowerShares Dynamic Oil & Gas Services Portfolio4.04 / 1040.609.79123.93----

To select your Custom data points, click the . If you have previously selected your data points, please .

Daily Hot Reads

Wednesday Hot Reads: When ETFs Own Too Much

Plus, high-speed market maker Virtu wants Finra to change one of its rules to help smaller ETFs.

Daily Hot Reads

Friday Hot Reads: ETF Assets Up, Volumes Tanking

Plus, perspectives on competition between issuers within the ETF industry.

Index Investor Corner

Swedroe: Financializing Commodities

Evidence suggests the influx of investors has reduced the benefits offered by the asset class.

ETF Report

 Sectors In Review

August was a grim month for four sectors, but fairly decent for the rest.

Daily ETF Watch

3x Oil ETN Pair Debuts

Proposed funds will target companies likely to appeal to private equity firms.

Daily ETF Watch

‘Contango Killer’ ETFs Planned

The actively managed funds are also structured so as to not require K-1 forms.

Features and News

Barclays' Cohen On Oil Topping $60

Head of energy markets research at Barclays discusses his outlook for oil and natural gas.

ETF Report

Top Performing Commodity ETFs Of 2017

This year's top-performing commodity is at a 16-year high.

Features and News

Hurricane Fuels Refinery ETFs More Than Oil

Hurricane Harvey has been a net negative for most of the energy sector, but refiners are zooming higher in the storm's wake.