ETF Chart of the Day: Oil Plays

December 9th at 11:46am by Paul Weisbruch, Street One Financial

Crude Oil related ETPs have sprung to life in the past week after largely disappointing performance since September. The largest ETP that tracks Crude Oil futures, the well-known USO (United States Oil Fund, Expense Ratio 0.45%) has built an impressive asset base of north of $1.3 billion since its 2006 inception, and the fund has seen an enormous uptick in trading volume in recent sessions as the fund is battling back to its 200 day MA.

Other notables in the Oil futures ETP space include DBO (PowerShares DB Oil Fund, Expense Ratio 0.75%), OIL (iPath S&P GSCI Crude Oil Total Return Index ETN, Expense Ratio 0.75%), and USL (United States 12 Month Oil Fund, Expense Ratio 0.60%).

Additionally, more specialized funds in this category also exist like BNO (United States Brent Oil Fund, Expense Ratio 0.94%) which as its name suggests tracks Brent Oil, and not WTI Crude futures, as well as OILZ (ETRACS Oil Fugures Contango ETN, Expense Ratio 0.85%) which was designed in order to limit the effects of contango in the oil futures market by using a long/short approach to the oil futures
curve.

Several other much smaller funds in terms of AUM also are present in this space such as OLO (PowerShares DB Crude Oil Long ETN, Expense Ratio 0.75%), TWTI (RBS Oil Trendpilot ETN, Expense Ratio 1.10%), OLEM (iPath Pure Beta Crude Oil ETN, Expense Ratio 0.75%), and CRUD (Teucrium WTI Crude Oil Fund, Expense Ratio 1.00%).

U.S. Oil Fund

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

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Tickers

DBO USO