OIL

iPath Pure Beta Crude Oil ETN
*Unless otherwise stated, data provided by FactSet.

OIL Fund Description

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

OIL 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.

OIL 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/29/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OIL -7.28% 3.51% -36.05% -28.30% -7.77% -8.02% --
OIL (NAV) -8.47% -2.55% -37.42% -30.03% -8.37% -8.61% --
S&P GSCI Crude Oil Index -9.42% -3.05% -67.26% -64.06% -26.06% -21.59% -18.40%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OIL Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$30.47M
$94.39K
0.72%

OIL Portfolio Data

Futures
Optimized
N/A
0

OIL Index Data

Single Asset
Single Asset
S&P GSCI Crude Oil Index

OIL Portfolio Management

0.85%
--
--
--

OIL Tax Exposures

20.00% / 39.60%
--
No

OIL Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

OIL Factset Analytics Block Liquidity

As of 09/30/20
5
4
3
2
1

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

7,524
$94.39K
6,620
$83.45K
0.72%
$0.09
0.06%
8.04% / -9.53%
None
100.00%
50,000
0.13
0.00%
--
0
$11.87
5

OIL Sector Breakdown


OIL
Segment Benchmark
100.00%
100.00%
100.00%
100.00%

OIL Tenor Strategy

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

OIL Rolling Strategy

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

OIL Performance Statistics

0.76
0.53
0.94
0.95
0.00%