Oil recover nicely from 2020 https://etfdb.com/innovative-etfs-channel/energy-etfs-jump-oil-posts-2-year-high/
I bought some in 2020 as gamble with severals ETFs:
- DBO: track oil price with future contracts
- USL: US oil tracker like USO or DBO
- XLE: The Energy Select Sector SPDR ETF tracks a market-cap-weighted index of US energy companies in the S&P 500.
- IXC: The investment seeks to track the S&P Global 1200 Energy IndexTM. Like XLE but with International companies.
DBO and USL track oil price by buying future contracts some there are some risks. I remember reading about it and especially avoided USO ETF due to the danger or rolling contracts (DBO, USL roll the contracts over a longer period VS USO which roll month to next months). I sold USL beginning of 2021 for a 75% return and still holding DBO.
XLE and IXC track the energy sector which has big exposure to oil price….but not only. I plan to keep some IXC to keep an exposure to Energy sector.
