Oil ETFs
59 ETFs · AUM: $23.15B
Oil ETFs provide exposure to crude oil prices through futures contracts, allowing investors to speculate on or hedge against movements in the energy commodity market. These funds do not invest in oil company stocks; instead, they hold oil futures contracts and roll them forward as they approach expiration, aiming to track the spot price of crude oil.
The primary oil ETFs include USO (United States Oil Fund), the largest and most liquid crude oil ETF that tracks West Texas Intermediate (WTI) futures, BNO (United States Brent Oil Fund), which tracks Brent crude futures and is more relevant for global oil pricing, and OIL (iPath Pure Beta Crude Oil ETN), which uses an optimized rolling strategy to reduce contango-related losses.
Oil ETFs are primarily used for short-term trading and tactical allocation rather than long-term buy-and-hold investing. The futures-based structure means these funds can suffer from contango, where rolling into more expensive future-month contracts erodes returns over time. This makes oil ETFs poor long-term proxies for oil prices. Investors seeking long-term energy exposure may be better served by energy sector equity ETFs. Oil commodity ETFs are best suited for experienced investors who understand futures dynamics and want short-term directional exposure to crude oil prices.
59 ETFs found
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| Symbol▼ | Fund Name▼ | AUM▼ | Price▼ |
|---|---|---|---|
| EMLP | First Trust North American Energy Infrastructure Fund | $4.01B | $43.45 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | $3.30B | $165.39 |
| HYXE | iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF | $2.49B | — |
| OIH | VanEck Oil Services ETF | $2.39B | $428.57 |
| USO | United States Oil Fund LP | $1.92B | $125.89 |
| SCO | ProShares - UltraShort Bloomberg Crude Oil | $1.13B | $27.89 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | $964.6M | $36.19 |
| BNO | United States Brent Oil Fund LP | $883.4M | $47.98 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | $663.6M | $30.71 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | $573.2M | $123.89 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | $544.5M | $115.84 |
| PBOG | Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF | $526.2M | $32.41 |
| UWT | VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $480.4M | — |
| UCO | ProShares - Ultra Bloomberg Crude Oil | $421.4M | $42.16 |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 | $305.8M | $52.33 |
| OILK | ProShares - K-1 Free Crude Oil ETF | $297.4M | $53.52 |
| DBO | Invesco DB Oil Fund | $277.1M | $20.55 |
| DWT | VelocityShares 3x Inverse Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $277.1M | — |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | $244.2M | $35.27 |
| CRAK | VanEck Oil Refiners ETF | $170.7M | $48.56 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | $144.0M | $4.75 |
| PXJ | Invesco Oil & Gas Services ETF | $132.7M | $44.13 |
| PXE | Invesco Energy Exploration & Production ETF | $128.6M | $36.08 |
| UGA | United States Gasoline Fund LP | $119.0M | $105.03 |
| DBE | Invesco DB Energy Fund | $105.3M | $29.37 |
| USOY | Oil Enhanced Options Income ETF | $66.2M | $7.74 |
| OILU | MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN | $65.3M | $41.80 |
| NRGU | MicroSectors U.S. Big Oil 3 Leveraged ETN | $58.0M | $36.41 |
| OIL | iPath Pure Beta Crude Oil ETN | $52.6M | $28.42 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN | $41.0M | $41.83 |
| USL | United States 12 Month Oil Fund | $39.6M | $50.81 |
| DTO | DB Crude Oil Double Short ETN | $34.2M | — |
| OLEM | iPath Pure Beta Crude Oil ETN | $33.4M | $12.58 |
| YGRN | MicroSectors U.S. Big Oil Index Inverse ETNs | $32.9M | — |
| NRGZ | MicroSectors U.S. Big Oil Index -2X Inverse Leveraged ETNs | $29.2M | — |
| BWET | Breakwave Tanker Shipping ETF | $29.1M | $199.90 |
| WTIU | MicroSectors Energy 3X Leveraged ETNs | $26.1M | $16.40 |
| NRGD | MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN | $25.1M | $25.93 |
| OILX | UBS ETRACS S&P GSCI Crude Oil Total Return Index ETN | $23.3M | — |
| FRAK | VanEck Vectors Unconventional Oil & Gas ETF | $19.3M | $157.50 |
| OILT | Texas Capital Texas Oil Index ETF | $14.4M | $29.90 |
| WTID | MicroSectors Energy 3X Inverse Leveraged ETNs | $13.6M | $4.72 |
| USOU | United States 3x Oil Fund | $13.3M | — |
| DDG | ProShares Short Oil & Gas | $4.6M | $10.60 |
| USOD | United States 3x Short Oil Fund | $4.6M | — |
| OFOS | Range Global Offshore Oil Services ETF | $4.3M | $19.50 |
| NRGO | MicroSectors U.S. Big Oil Index 2X Leveraged ETNs | $3.7M | — |
| AOIL | Aberdeen Standard Bloomberg WTI Crude Oil Strategy K-1 Free ETF | $3.4M | — |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | $2.4M | $30.41 |
| SZO | DB Crude Oil Short ETN | $785K | — |