This ETF offers a way for investors to establish short exposure to crude oil. As such, this fund can be useful for those who believe a pullback in crude prices is due, and is probably appropriate only for more active traders (DNO certainly has no place in a long-term buy and hold portfolio). There are several noteworthy items on this ETP; the ETF structure exposes investors to the futures curve and as such will generally not correspond perfectly to spot prices. It should also be noted that the underlying index consists of futures contracts, and as such will generally not correspond perfectly to movements in spot prices. It's also important to understand the reset frequency (monthly) and the impact this may have on returns if held for an extended period of time. Lastly, it is also important to remember that many energy ETFs that use futures have significant roll yield issues which can greatly eat into long term returns, making holding periods very short. Nonetheless, for investors looking for short exposure to crude oil, the fund remains a quality pick.
The adjacent table gives investors an individual Realtime Rating for DNO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Inverse Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 3 other ETFs in the Inverse Commodities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of DNO relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.