OIL
iPath Pure Beta Crude Oil ETN

Price: $29.33
Change: $1.18 (-0.04%)
Category: Oil & Gas
Last Updated:

Vitals

Brand iPath
Structure ETN
Expense Ratio 0.57%
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 $19.82
  • 52 Week Hi $39.74
  • AUM $62.4 M
  • Shares 2.1 M

Historical Trading Data

  • 1 Month Avg. Volume 39,296
  • 3 Month Avg. Volume 46,182

Alternative ETFs in the ETF Database Oil & Gas Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GAZ 0.45% $17.0 M 27,005 96.83%
Largest (AUM) USO 0.81% $2.3 B 4 M 24.01%
Most Liquid (Volume) UNG 1.11% $568.0 M 6 M 88.23%
Top YTD Performer UNL 0.90% $34.7 M 42,908 98.71%

Alternative ETFs in the FactSet Commodities: Energy Crude Oil Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest OILK 0.67% $96.1 M 67,421 23.31%
Largest (AUM) USO 0.81% $2.3 B 4 M 24.01%
Most Liquid (Volume) USO 0.81% $2.3 B 4 M 24.01%
Top YTD Performer USOI 0.85% $369.7 M 118,660 83.84%

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 1
% 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.

OIL
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

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 $ 0.55 $ 0.97
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 1.23 $ 2.11
Annual Dividend Yield N/A 2.18% 3.73%

OIL Price and Volume Charts

View charts featuring OIL price and volume data.

OIL Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -3.3 M 1 Month Net Flows: -7.95 M 3 Month Net Flows: -39.45 M 6 Month Net Flows: -60.35 M 1 Year Net Flows: -49.2 M 3 Year Net Flows: 248.73 K 5 Year Net Flows: -28.57 M 10 Year Net Flows: -5.09 M

OIL Price vs Flows AUM Influence Charts

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