OIL
iPath Pure Beta Crude Oil ETNOIL 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
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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1 Year
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3 Years
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OIL Summary Data
OIL Portfolio Data
OIL Index Data
OIL Portfolio Management
OIL Tax Exposures
OIL Fund Structure
OIL Factset Analytics Block Liquidity
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
OIL Sector Breakdown
OIL
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
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