OOO 2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

Correlation with oil price futures??????, page-5

  1. 4,489 Posts.
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    The link you provided shows fund performance as...

    https://hotcopper.com.au/data/attachments/2066/2066029-8e9804a3b68d07292fd7871c7c342212.jpg

    Note the 'since inception' line of -15.93%

    I understand there have been distributions...

    https://hotcopper.com.au/data/attachments/2066/2066041-c8a331a5551abd9c531d3cc86171811b.jpg
    But seems they are small and the price of the ooo unit has fallen from a high of $60 to less than 10% of that... < $6

    I am still interested as my guess is you need to be holding this during a decent run in the oil price and I am thinking of buying when oil goes sub 20 and there is talk of !0... but cv19 will pass IMO and can also see something BIG happening to raise the price... say invasion of Venezuela... or similar...confused.png

    Too much money in oil to allow super low prices to continue for too long IMO


 
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