What is OIL?

OIL tracks an index of a single crude oil futures contract whose expiration date is chosen to mitigate contango.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OIL -5.76% -13.25% 26.83% 37.93% 19.95% 12.08% -2.18%
OIL (NAV) -6.28% -13.41% 26.46% 94.84% 24.63% 18.80% -2.78%
Barclays WTI Crude Oil Pure Beta TR Index -6.23% -13.26% 27.22% 37.24% 20.81% 12.74% -1.55%
S&P GSCI Crude Oil -9.81% -16.24% 24.08% 33.77% -3.93% -2.13% -10.49%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OIL Factset Analytics Insight

OIL is linked to the returns of the Barclays Single Commodity Total Return Index (BSCI). Like all oil ETPs, OIL uses oil futures since spot oil is uninvestable. It dynamically picks the WTI crude oil futures contracts it uses to gain exposure to the BSCI. OIL tries to tame the impact of the futures curve by rolling its exposure into the single contract with the best roll yield. Unlike BSCI, which rolls monthly into the roll futures contract for WTI crude oil in accordance with a pre-determined roll schedule, OIL optimizes BSCI by using a quantitative approach to generate commodity returns by choosing a point on the futures curve that is intended to be more representative of the crude oil market. Prior to July 29, 2020, the ticker symbol of the fund was OLEM.

OIL Summary Data

04/20/11
0.57%
$59.99M
S&P GSCI Crude Oil
Exchange-Traded Note

Peers

S&P GSCI Crude Oil

Fund Flows

-$0.00B 5 Days
-$0.01B 30 Days
-$0.04B 90 Days

OIL Portfolio Data

Futures
Optimized
N/A
--

OIL Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil

OIL Portfolio Management

0.57%
-1.09%
-0.77%
-1.36%

OIL Tax Exposures

20.00% / 39.60%
--
No

OIL Fund Structure

Exchange-Traded Note
Yes
N/A
Barclays Bank PLC
Low
Medium
None

Factset Analytics Block Liquidity

As of 11/30/22

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

OIL Tradability

43,620
$1.35M
29,328
$883.33K
0.48%
$0.14
0.03%
1.53% / -3.25%
Potential
100.00%
50,000
0.59
0.13%
--
1,697
$29.56
5

OIL Performance Statistics

0.98
0.92
0.94
0.95
0.00%

OIL Tenor Strategy

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

OIL Rolling Strategy

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