OILNF

iPath S&P GSCI Crude Oil Total Return ETN
*Unless otherwise stated, data provided by FactSet.

OILNF Fund Description

The iPath S&P GSCI Crude Oil Total Return ETN tracks an index of a single, front-month WTI crude oil futures contract.

OILNF Factset Analytics Insight

This ETN was delisted after the market close on 04/12/2018. Note: The issuer has suspended creations in OIL, which can cause the note to trade at substantial premiums at times. Also, OIL is one of a handful of ETNs with path-dependent fees, meaning you could pay significantly higher holding costs than the headline expense ratio implies. Consider OILB, which tracks the same index and avoids these issues.OIL offers straightforward oil futures exposure in an ETN wrapper. It uses the most basic method for exposure; namely, near-month futures contracts (spot oil is effectively uninvestable). OIL's index rolls expiring contracts into the next-nearest month, a method also used by rival fund USO and our benchmark. The downside of this approach is heightened sensitivity to negative roll yield when WTI oil futures are in contango. Still, this method of exposure is popular with investors. OIL's ETN wrapper means it's backed by Barclays' credit rather than futures and cash as rival commodity pool structures use. OIL investors get 1099s at tax time, not K-1s. OIL has seen significant premiums at times due to suspended creations, and is also prone to major tracking error.

OILNF 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 07/01/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OILNF -11.21% 7.38% 15.75% 27.66% -8.79% -20.35% -16.10%
ticker (NAV) 70.57% -33.94% -89.86% -46.84% -5.99% -21.70% -17.09%
S&P GSCI Crude Oil Index -- -- -- -- -- -- -17.09%
S&P GSCI Crude Oil Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OILNF Summary Data

iPath
08/15/06
Exchange-Traded Note
0.75%
$25.69M
$188.33K
0.14%

OILNF Portfolio Data

Futures
Front Month
Annually
0

OILNF Index Data

S&P GSCI Crude Oil Index
Single Asset
Single Asset
S&P GSCI Crude Oil Index

OILNF Portfolio Management

0.75%
240.66%
680.76%
-36.15%

OILNF Tax Exposures

20.00% / 39.60%
--
No

OILNF Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Closing
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

OILNF Factset Analytics Block Liquidity

As of 07/02/20
5
4
3
2
1

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

OILNF Tradability

5,616
$188.33K
4,867
$164.56K
0.14%
$0.01
33.79%
67,070.63% / -6.49%
Potential
100.00%
50,000
0.10
0.00%
--
0
$28.50
5

OILNF Sector Breakdown


OILNF
Segment Benchmark
100.00%
100.00%

OILNF Tenor Strategy

OIL invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.

OILNF Rolling Strategy

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

OILNF Performance Statistics

0.08
4.62
1.09
1.11
0.00%