Commodities: Energy Crude Oil

OIL Top Performer Intra-day
Price $59.83
Today’s Change 2.57%
3:55pm 03/13/2019
OIL Bottom Performer Intra-day
Price $11.85
Today’s Change -1.98%
4:00pm 09/18/2019

ETF.com Insight

With 10 ETFs and over $2.10B in combined AUM, the Commodities: Energy Crude Oil segment provides exposure to the Global space with a focus on Crude Oil securities.

Year-to-date, the best-performing ETF in the segment is the United States Brent Oil Fund LP (BNO), with a total return of 33.20%. Meanwhile, the most popular ETF is the United States Oil Fund LP (USO) with $1.55BB in assets under management.

Investors should take a look at the Invesco DB Oil Fund (DBO). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. DBO tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango. DBO has an expense ratio of 0.78% and tracks the DBIQ Optimum Yield Crude Oil Index Total Return.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Commodities: Energy Crude Oil segment is 82 out of 100, with the iPath Series B S&P GSCI Crude Oil ETN(OIL) obtaining the highest rating of 96 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.70% per year, with the Aberdeen Standard Bloomberg WTI Crude Oil Strategy K-1 Free ETF (AOIL) having the lowest expense ratio, charging investors 0.39% yearly.

Investors should look for funds with tight tracking, such as the iPath Series B S&P GSCI Crude Oil ETN (OIL), with a 12-month median tracking difference of -0.41%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Commodities: Energy Crude Oil segment is 68 out of 100, with the United States Brent Oil Fund LP(BNO) obtaining the highest rating of 98 out of 100.

The United States Oil Fund LP (USO) is the undisputed segment leader when it comes to liquidity. The fund trades 339.63M in daily average volume. Investors should also find ample liquidity in the United States Brent Oil Fund LP (BNO), with $17.73M in daily dollar volume.

Use limit orders to trade funds such as the Credit Suisse X-Links Crude Oil Shares Covered Call ETN(USOI), due to their double-digit market spreads.

ETF.com/ Block Liquidity

BNO
5
4
3
2
1
DBO
5
4
3
2
1
USO
5
4
3
2
1
OIL
5
4
3
2
1
OILK
5
4
3
2
1
OILX
5
4
3
2
1
USL
5
4
3
2
1
OLEM
5
4
3
2
1
AOIL
5
4
3
2
1
USOI
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The S&P GSCI Crude Oil Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to OIL. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, USOI follows a Buy-write strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology