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ETFs

iPath Pure Beta Crude Oil ETN

OIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 20 2011
Expense Ratio
0.57%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$1,059,031
AUM
$73,309
Associated Index
Barclays Capital WTI Crude Oil Pure Beta TR Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with OIL

What is OIL?

The iPath Pure Beta Crude Oil ETN is linked to the Barclays Capital WTI Crude Oil Pure Beta TR Index (the "Index"). The Index is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts in the Crude Oil markets. The Index is comprised of a single exchange traded futures contract, except during the roll period when the Index may be comprised of two futures contracts. However, unlike many commodity indices which roll their exposure 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, as selected using the Barclays Capital Pure Beta Series 2 Methodology. In addition the Index reflects the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

ETFs related toOIL

ETFs correlated to OIL include USO, UCO, DBO

OIL
Barclays Bank PLC - iPath Pure Beta Crude Oil ETN
USO
United States Commodity Funds LLC - United States Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOIL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with OIL using Composer

FAQ

OIL is a Global Commodities & Metals ETF. The iPath Pure Beta Crude Oil ETN is linked to the Barclays Capital WTI Crude Oil Pure Beta TR Index (the "Index"). The Index is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts in the Crude Oil markets. The Index is comprised of a single exchange traded futures contract, except during the roll period when the Index may be comprised of two futures contracts. However, unlike many commodity indices which roll their exposure 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, as selected using the Barclays Capital Pure Beta Series 2 Methodology. In addition the Index reflects the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

OIL tracks the Barclays Capital WTI Crude Oil Pure Beta TR Index.

No, OIL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OIL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OIL is 0.0073%. This is the percent change in the value of OIL over the most recent 1-month period. The 3-month return on OIL is -0.0156%. This is the percent change in the value of OIL over the most recent 3-month period.

The standard deviation of OIL for the past year is 0.3778%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OIL include RENW, UGA, and DBE.

ETFs correlated to OIL include USO, UCO, and DBO.

ETFs that are inversely correlated to OIL include SCO, ERY, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.