iPath Pure Beta Crude Oil ETN

Price: $24.83
Change: $0.32 (-0.01%)
Category: Oil & Gas
Last Updated:


Brand iPath
Structure ETN
Expense Ratio 0.85%
ETF Home Page Home page
Inception Apr 20, 2011

Analyst Report

This particular ETN looks at the commodity of crude oil, arguably, the most important resource in the world. Crude is vital to modern society and as such it can be a great play on the health of the world economy, surging when growth is robust and slumping when markets hit recessions. This note tracks the S&P GSCI Crude Oil Total Return Index which is designed to reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts. Thanks to this focus, the fund could offer investors a higher return than comparable products since it collateralizes its investment with T-Bills, a move that help reduce overall costs to investors. In terms of futures contracts the fund is heavy in long dates contracts which expire a year from now. This reduces the risks of contango— at least initially— but it likely means that fund will deviate significantly from spot prices, at least in the near term. For investors seeking exposure to spot prices, contracts closer to maturity would probably be more appropriate. Besides this fund, investors have a few other options for achieving exposure to oil via the futures market. Other options are far more liquid but they face steeper contango issues as well. Additionally, investors have a number of equity options which allow for exposure to crude without the issues of contango but face risks of stocks. One particularly intriguing choice in this slice of the market is XOIL as it looks to stay very correlated to crude oil prices over the long haul.

ETF Database Themes

Category Oil & Gas
Asset Class Commodity
Region (General) Global
Region (Specific) Broad
Commodity Type Energy
Commodity Crude Oil
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Energy Crude Oil
  • Category Energy
  • Focus Crude Oil
  • Niche Optimized
  • Strategy Optimized commodity
  • Weighting Scheme Single Asset

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $10.58
  • 52 Week Hi $25.16
  • AUM $88.5 M
  • Shares 3.5 M

Historical Trading Data

  • 1 Month Avg. Volume 54,765
  • 3 Month Avg. Volume 42,977

Alternative ETFs in the ETF Database Oil & Gas Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GAZ 0.45% $15.1 M 18,470 92.01%
Largest (AUM) USO 0.79% $2.9 B 5 M 73.92%
Most Liquid (Volume) UNG 1.28% $474.6 M 7 M 97.39%
Top YTD Performer UNG 1.28% $474.6 M 7 M 97.39%

Alternative ETFs in the FactSet Commodities: Energy Crude Oil Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest OILK 0.68% $73.3 M 19,055 71.00%
Largest (AUM) USO 0.79% $2.9 B 5 M 73.92%
Most Liquid (Volume) USO 0.79% $2.9 B 5 M 73.92%
Top YTD Performer DBO 0.78% $493.7 M 962,820 79.12%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

OIL ETF Database Category Average FactSet Segment Average
Number of Holdings 1 2 2
% of Assets in Top 10 100.00% 100.00% 100.00%
% of Assets in Top 15 100.00% 100.00% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

OIL ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

OIL Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

OIL Dividend

This section compares the dividend yield of this ETF to its peers.

OIL ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.46 $ 0.89
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.66 $ 1.23
Annual Dividend Yield N/A 1.02% 1.90%

OIL Price and Volume Chart

OIL Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 994.94 K 1 Month Net Flows: 4.3 M 3 Month Net Flows: 7.76 M 6 Month Net Flows: 15.13 M 1 Year Net Flows: 21.4 M 3 Year Net Flows: 50.04 M 5 Year Net Flows: 20.92 M 10 Year Net Flows: 47.53 M

OIL Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for OIL 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 ETF Database Pro members, shows the ETF in the Oil & Gas 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses B n/a

A+ Overall Rated ETF:

OIL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

OIL does not have an ESG score. There are no ESG themes that map to this ETF.

OIL Performance

This section shows how this ETF has performed relative to its peers.

OIL ETF Database
Category Average
Factset Segment
1 Month Return 11.45% 9.65% 10.48%
3 Month Return 16.85% 21.25% 15.50%
YTD Return 75.72% 79.12% 66.14%
1 Year Return 107.26% 89.86% 95.06%
3 Year Return 13.79% -0.84% -17.86%
5 Year Return 49.04% 18.73% 22.15%

Geographic Exposure

The following charts reflect the geographic spread of OIL's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of OIL's underlying holdings.

OIL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
7 of 13

20 Day Volatility
6 of 13

50 Day Volatility
7 of 13

200 Day Volatility
6 of 13

6 of 13

Standard Deviation
7 of 13


  • 20 Day MA $23.92
  • 60 Day MA $21.88
  • MACD 15 Period 0.53
  • MACD 100 Period 3.25
  • Williams % Range 10 Day 26.18
  • Williams % Range 20 Day 11.19
  • RSI 10 Day 67
  • RSI 20 Day 66
  • RSI 30 Day 64
  • Ultimate Oscillator 61

Bollinger Bands

  • Lower Bollinger (10 Day) $24.10
  • Upper Bollinger (10 Day) $25.11
  • Lower Bollinger (20 Day) $22.26
  • Upper Bollinger (20 Day) $25.53
  • Lower Bollinger (30 Day) $20.61
  • Upper Bollinger (30 Day) $25.68

Support & Resistance

  • Support Level 1 $24.50
  • Support Level 2 $24.18
  • Resistance Level 1 $25.08
  • Resistance Level 2 $25.34


  • Stochastic Oscillator %D (1 Day) 65.45
  • Stochastic Oscillator %D (5 Day) 73.79
  • Stochastic Oscillator %K (1 Day) 57.24
  • Stochastic Oscillator %K (5 Day) 77.88

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.


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