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This ETN seeks to replicate an index which is made up of a single exchange traded futures contract, except during the roll period when the index may consist of two futures contracts. Unlike many commodity indices which roll to the corresponding futures contract on a monthly basis in accordance with a pre-determined roll schedule, the Index may roll into one of a number of futures contracts with varying expiration dates, in order to help eliminate contango as much as possible and avoid the damaging effects that this phenomenon can have on portfolios. 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. 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.
The adjacent table gives investors an individual Realtime Rating for OLEM 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 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 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 section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 5 other ETFs in the Oil & Gas ETFdb.com Category that are also eligible for commission free trading:
OLEM does not have an ESG score. There are no ESG themes that map to this ETF.
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 OLEM 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.