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 $10.18B. 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 $4.28B in assets. In the last trailing year, the best performing Oil ETF was the DRIP at 399.21%. 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 26.62%
SCO ProShares UltraShort Bloomberg Crude Oil 7.30%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN -4.36%
DBO Invesco DB Oil Fund -4.66%
USL United States 12 Month Oil Fund LP -5.00%

Bottom ETF Performers

GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares -25.96%
OIH VanEck Vectors Oil Services ETF -13.75%
PXE Invesco Dynamic Energy Exploration & Production ETF -13.29%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -13.21%
XES SPDR S&P Oil & Gas Equipment & Services ETF -12.30%

Top Creations

USO United States Oil Fund LP 157.73
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN 8.78
SCO ProShares UltraShort Bloomberg Crude Oil 6.03
XES SPDR S&P Oil & Gas Equipment & Services ETF 0.13
OIL iPath Pure Beta Crude Oil ETN 0.08

Top Redemptions

XOP SPDR S&P Oil & Gas Exploration & Production ETF -262.56
UCO ProShares Ultra Bloomberg Crude Oil -166.46
USL United States 12 Month Oil Fund LP -23.80
GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares -18.45
DBO Invesco DB Oil Fund -18.35

AUM Winners

USO United States Oil Fund LP 1.22%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN -0.01%
OIL iPath Pure Beta Crude Oil ETN -5.11%
DBO Invesco DB Oil Fund -6.17%
UCO ProShares Ultra Bloomberg Crude Oil -7.20%

AUM Losers

IEO iShares U.S. Oil & Gas Exploration & Production ETF -53.84%
IEZ iShares U.S. Oil Equipment & Services ETF -52.81%
OIH VanEck Vectors Oil Services ETF -20.27%
PXE Invesco Dynamic Energy Exploration & Production ETF -17.95%
XES SPDR S&P Oil & Gas Equipment & Services ETF -16.72%

Features and News

Volatility Returns To Oil ETFs

After two months of calm, oil prices are heading lower again.

Podcasts

Best Of ETF Prime Podcast: Summer 2020

Revisiting some of Nate Geraci’s favorite ETF conversations over the past few months.

Daily ETF Watch

iShares Launches Kuwait ETF

The first U.S.-listed ETF to offer focused exposure to Kuwait has joined iShares’ lineup of country funds.

ETF Report

Commodities In Review: September 2020

Most commodity ETFs recorded positive returns in July.

Podcasts

ETF Prime Podcast: ETFs & The SEC

Potential enforcement against ‘USO,’ navigating the financial markets and fielding rapid-fire ETF questions. 

Podcasts

ETF Working Lunch: Fact Vs. Fiction In Leveraged ETFs

Joining us is Sylvia Jablonski, capital markets institutional ETF strategist at Direxion ETFs.

Features and News

'USO' Facing Regulatory Action

The SEC has stated intent to file fraud charges against the world's biggest oil ETF.

Features and News

'USO' Facing Regulatory Action

The SEC has stated intent to file fraud charges against the world's biggest oil ETF.

ETF Report

Commodities In Review: July August 2020

June saw most commodity ETFs record positive returns.