OILB
iPath Series B S&P GSCI Crude Oil ETNOILB Fund Description
The iPath Series B S&P GSCI Crude Oil ETN tracks an index of front-month WTI crude oil futures contracts.
OILB Factset Analytics Insight
OILB offers plain-vanilla oil futures exposure in an ETN wrapper. The note’s index tracks front-month futures, rolling expiring contracts into the next-nearest month. This method, also used by our benchmark, offers the closest possible experience to spot oil (which is uninvestable). The major drawback to a front-month strategy is the potential for heavy roll costs, so OILB is a good choice for capturing short-term moves in crude prices, but long-term investors may want to look at other options. OILB’s ETN wrapper means it’s backed by Barclay’s credit, not actual futures as in a commodity pool. Investors will get a 1099 at tax time, not a K-1.OILB follows the same index as sibling ETN, OIL, but charges a lower fee and avoids path dependency issues that make OIL more expensive to hold over time. The issuer halted creations in OIL the day OILB was launched, seemingly guiding investors away from the older fund. However, OIL might still appeal to traders needing maximum liquidity.
OILB CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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OILB Top 10 Holdings
OILB Summary Data
OILB Portfolio Data
OILB Portfolio Management
OILB Tax Exposures
OILB Fund Structure
OILB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OILB. OILB is rated a 5 out of 5.
OILB Tradability
OILB SECTOR BREAKDOWN
OILB
OILB Tenor Strategy
OILB 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.
OILB Rolling Strategy
OILB rolls contracts over an annually pre-determined 5 day period each month.
OILB Performance Statistics
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