This long term example isn't quite accurate. Except for rollover...

This long term example isn't quite accurate. Except for rollover week, the fund only holds current front month contracts. The WTI price in November or December is irrelevant to anyone who invests today. OOO is similar to a leveraged fund in the sense that it isn't as simple as comparing values at different points in time, it's about what path the underlying assets take to get there. The price of oil could double in the next 12 months and OOO could still decline. I agree with your philosophy that this is only a short term hold.