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ETFs

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN

OILU
$--
Today’s Change
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Snapshot
*

Inception Date
Nov 08 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MicroSectors
Volume (1m avg. daily)
$4,362,226
AUM
$66,874,202
Associated Index
Solactive MicroSectors Oil & Gas Exploration & Production Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with OILU

What is OILU?

The MicroSectors Oil & Gas Exploration & Production Exchange Traded Note is linked to the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index. The Solactive MicroSectors Oil & Gas Exploration & Production Index measures the performance of 25 large capitalization companies that are domiciled and listed in the U.S., and active in the exploration and production of oil and gas. The Index s underlying composition is weighted by average daily value traded.

ETFs related toOILU

ETFs correlated to OILU include FENY, VDE, XLE

OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
DIG
ProShares Trust - ProShares Ultra Energy
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
NRGU
Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF

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 toOILU

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OILU using Composer

FAQ

OILU is a US Equities ETF. The MicroSectors Oil & Gas Exploration & Production Exchange Traded Note is linked to the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index. The Solactive MicroSectors Oil & Gas Exploration & Production Index measures the performance of 25 large capitalization companies that are domiciled and listed in the U.S., and active in the exploration and production of oil and gas. The Index s underlying composition is weighted by average daily value traded.

OILU tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index.

No, OILU 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, OILU 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 OILU is 0.1126%. This is the percent change in the value of OILU over the most recent 1-month period. The 3-month return on OILU is 0.4378%. This is the percent change in the value of OILU over the most recent 3-month period.

The standard deviation of OILU for the past year is 0.8381%. 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 OILU include SSO, QID, and SDS.

ETFs correlated to OILU include FENY, VDE, and XLE.

ETFs that are inversely correlated to OILU include OILD, ERY, and DUG.

Yes, OILU is a Inverse (-3x) ETF: This means that OILU will try to match the performance of Solactive MicroSectors Oil & Gas Exploration & Production Index, but with 3x the returns.

Yes, OILU is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive MicroSectors Oil & Gas Exploration & Production Index, but move 3x in the opposite direction.

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.