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Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List

Tuesday, February 1, 2011 17:55

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Oil ETFs are back in serious play as unrest has broken out in the Middle East. We’ve created a comprehensive watchlist for you to bookmark anytime oil-moving news enters the mainstream media.

Your Cheat Sheet to Oil Exchange Traded Funds and Notes

1) United States Oil Fund LP (NYSE:USO): This is the most actively traded oil ETF (~8.8 million shares). Although it’s not the most efficient tracker of oil prices, you can’t beat the liquidity for moving in and out of the market. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

2) ProShares Ultra DJ-AIG Crude Oil ETF (NYSE:UCO): This is the second most liquid oil ETF with ~4.5 million shares traded daily. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

3) iPath S&P GSCI Crude Oil Total Return (NYSE:OIL): This oil ETF tracks a sub-sector of the Goldman Sachs Commodity Index (NYSE:GS). It trades ~760,000 shares a day. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

4) PowerShares DB Oil Fund (NYSE:DBO): This oil ETF trades ~330,000 shares a day. That’s starting to get a little on the light side for our liquidity preferences. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

5) United States 12 Month Oil Fund (NYSE:USL): This ETF trades only ~74,000 shares a day. That’s near-illiquid in our book. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

Levered Oil Exchange Traded Funds and Notes

Lovers

6) PowerShares DB Crude Oil Long ETN (NYSE:OLO): This ETF averages only ~14,000 shares traded each day. That’s an extremely low amount of liquidity. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

Haters

7) ProShares UltraShort DJ-AIG Crude Oil ETF (NYSE:SCO): This is the most-actively traded (~1.75 million shares) shorting mechanism for those looking to short oil. Beware the leverage is 2x! Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

8) Powershares DB Crude Oil Double Short ETN (NYSE:DTO): Do you hate oil or think its overvalued? You can lever yourself up and win or lose twice as much as everyone else with this Double Short ETF. ~110,000 shares trade daily. Beware the leverage is 2x! Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

9) United States Short Oil Fund (NYSE:DNO): This one is a straight inverse ETF with no leverage. However, you better be able to stomach waiting for an exit with only ~21,000 shares traded daily. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

10) PowerShares DB Crude Oil Short ETN (NYSE:SZO): If you thought the previous ETF had a dangerously low level of liquidy, this one trades only ~2,000 shares a day. Not for us. Check out Ford’s interactive chart, fundamentals, Twitter stream, and more >>

Looking for Detailed Investing and Trading Ideas? Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>

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