USOD

United States 3x Short Oil Fund
*Unless otherwise stated, data provided by FactSet.

USOD Fund Description

USOD provides daily 3x inverse exposure to front-month NYMEX futures contracts on WTI crude oil.

USOD Factset Analytics Insight

Like all daily-reset inverse ETPs, USOD is designed as a trading tool, not a buy-and-hold investment. Holding the fund for longer than a day exposes investors to the effects of compounding, which could mean returns that vary significantly from 3x inverse exposure over the long-term. USOD tracks the front-month WTI crude contract, which provides maximum sensitivity to spot prices but also increases the effects of contango. Holding costs for the fund are steep, but trading costs are more important for this short-term product.As a commodity pool, USOD will issue a K-1 form at tax time. Taxable investors will pay a blended rate on capital gains (60% long-term, 40% short-term), whether those gains are realized or not. The fund competes directly with VelocityShares’ DWT (an ETN). USOU is USOD’s 3x-long counterpart, while unlevered oil exposure can be had from sibling USO.

USOD CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
USOD 2.64% 82.60% -18.19% -31.73% -- -- --
USOD (NAV) 7.73% 82.92% -15.70% -31.21% -- -- --
Front Month Light Sweet Crude Oil -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

USOD Summary Data

07/20/17
Commodities Pool
1.62%
$2.58M
0.49%

USOD Portfolio Data

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N/A

USOD Index Data

Single Asset
Single Asset
N/A

USOD Fund Structure

No
N/A
N/A / N/A
N/A
N/A
High
-3
Daily

USOD Tax Exposures

27.84% / 27.84%
--
Yes
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TOP OF BOOK
LAST 10 TRADES
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Daily Spread
Premium/Discount
Volume

USOD Factset Analytics Block Liquidity

As of 12/14/18
5
4
3
2
1

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

USOD Tradability

21,523
$174.99K
15,874
$119.26K
0.49%
$0.03
-0.12%
8.88% / -9.65%
None
100.00%
50,000
0.32
0.04%
--
--
$9.45
N/A