Oil ETF Overview

Investing in oil ETFs can be a complex endeavor. For most investors, even large traders, taking delivery of oil and storing it is simply impractical or impossible to do. Thus, oil ETFs have become a popular instrument with which to access the oil market. In today's market, investors can find ETFs that track the daily price of oil and that aim to mitigate the effects of contango and backwardation, as well as ETFs exposed to companies in the oil sector.

This channel is designed to help you understand oil ETFs, how they are built, how they behave, their objectives, their risks and their rewards.

With 19 ETFs traded in the U.S. markets, Oil ETFs gather total assets under management of $11.07B. The average expense ratio is 0.72%. Oil ETFs can be found in the following asset classes:

  • Commodities
  • Equity

The largest Oil ETF is the United States Oil Fund LP USO with $4.70B in assets. In the last trailing year, the best performing Oil ETF was the DRIP at 16.24%. The most-recent ETF launched in the Oil space was the Credit Suisse X-Links Crude Oil Shares Covered Call ETN USOI in 04/25/17.

Top ETF Performers

DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares 74.11%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 3.87%
BNO United States Brent Oil Fund LP 2.89%
DBO Invesco DB Oil Fund 2.45%
USL United States 12 Month Oil Fund LP 1.98%

Bottom ETF Performers

GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares -50.12%
XES SPDR S&P Oil & Gas Equipment & Services ETF -29.82%
OIH VanEck Vectors Oil Services ETF -29.42%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -28.02%
IEZ iShares U.S. Oil Equipment & Services ETF -27.80%

Top Creations

GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares 230.29
IEO iShares U.S. Oil & Gas Exploration & Production ETF 27.14
OLEM iPath Pure Beta Crude Oil ETN 24.48
SCO ProShares UltraShort Bloomberg Crude Oil 18.65
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 12.73

Top Redemptions

USO United States Oil Fund LP -463.93
UCO ProShares Ultra Bloomberg Crude Oil -246.28
XOP SPDR S&P Oil & Gas Exploration & Production ETF -186.79
USL United States 12 Month Oil Fund LP -67.70
IEZ iShares U.S. Oil Equipment & Services ETF -66.37

AUM Winners

OLEM iPath Pure Beta Crude Oil ETN 679.09%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 55.77%
DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares 35.70%
SCO ProShares UltraShort Bloomberg Crude Oil 29.74%
IEO iShares U.S. Oil & Gas Exploration & Production ETF -1.59%

AUM Losers

IEZ iShares U.S. Oil Equipment & Services ETF -54.41%
PXJ Invesco Dynamic Oil & Gas Services ETF -24.78%
OIH VanEck Vectors Oil Services ETF -20.95%
USL United States 12 Month Oil Fund LP -20.13%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -17.72%

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