The best oil ETFs/ETCs

How to invest in crude oil using ETFs/ETCs

0.25% p.a. - 1.20% p.a.
annual total expense ratio (TER) of oil ETFs/ETCs
on oil, which are tracked by ETFs
on oil
 
The best indices for oil ETFs/ETCs

How can I invest in oil?

With ETFs you not only have the opportunity to invest in equity or bonds. You can also participate in the price development of commodities like crude oil. However, there are a few things you should know: commodity ETFs always track a whole basket of different commodities, covering at least some of the following segments:
 

Why there are no oil ETFs in most European countries

There are no oil ETFs that are domiciled within the European Union. This is due to the regulatory framework which is defined by the UCITS directive. According to these guidelines, an index (and thus also corresponding ETFs) must always provide a minimum degree of diversification and may not consist of only one component. Consequently, regulations in the EU do not allow the launch of an oil ETF.

If you want to invest in a single commodity like crude oil, you can do so via Exchange Traded Commodities (ETC). Please have a look at our article "What is an ETC?" for a detailed explanation of the similarities and differences between ETFs and ETCs.
 

Swap-based oil ETCs

ETCs track the value of crude oil based on futures contracts. Oil ETCs are backed with collateral, which is usually checked on a daily basis. The collateral is in the form of cash investments or securities with top credit standing.

Oil ETCs are a suitable instrument for participating in the price development of oil. Keep in mind, however, that you are investing in futures contracts and not directly in oil. Oil ETCs track the price of either Brent crude oil, which is sourced from the North Sea, or West Texas Intermediate (WTI) from the United States. In this investment guide you will find all ETCs that allow you to invest in oil.
 

Bloomberg Brent Crude performance

1 month: 14.75%
1 year: 28.35%
3 years: 94.43%
5 years: 106.80%
 

Oil ETFs/ETCs in comparison

The most important factors at a glance

When choosing an oil ETF or ETC one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all oil ETFs/ETCs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all oil ETFs/ETCs in detail
Compare all oil ETFs/ETCs in a chart

Provider
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
WisdomTree WTI Crude OilGB00B15KXV33 592 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree Brent Crude OilJE00B78CGV99 502 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree WTI Crude Oil - EUR Daily HedgedJE00B44F1611 23 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree Bloomberg WTI Crude OilIE00BVFZGC04 18 0.25% p.a. Accumulating Ireland Swap-based
BNPP ICE Brent ÖL ETCDE000PS701L2 17 0.90% p.a. Accumulating Netherlands Swap-based
BNPP WTI Öl (TR) ETCDE000PS7WT17 15 0.90% p.a. Accumulating Netherlands Swap-based
WisdomTree Brent Crude Oil - EUR Daily HedgedJE00B7305Z55 13 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree Bloomberg Brent Crude OilIE00BVFZGD11 9 0.25% p.a. Accumulating Ireland Swap-based
BNPP RICI Enhanced Brent Öl (TR) ETCDE000PB6R1B1 5 1.00% p.a. Accumulating Netherlands Swap-based
BNPP RICI Enhanced Brent Crude Oil (ER) Index EUR Hedge ETCDE000PZ9REB6 4 1.20% p.a. Accumulating Netherlands Swap-based
BNPP RICI Enhanced WTI Öl (TR) ETCDE000PB6R1W7 2 1.00% p.a. Accumulating Netherlands Swap-based
WisdomTree Brent Crude Oil Longer DatedJE00B78CP782 1 0.49% p.a. Accumulating Jersey Swap-based
BNPP RICI Enhanced WTI Öl (ER) EUR Hedge ETCDE000PZ9REW2 0 1.20% p.a. Accumulating Netherlands Swap-based
BNPP RICI Enhanced Brent Öl (TR) USD ETCDE000PR5RBU0 0 0.99% p.a. Accumulating Netherlands Swap-based
BNPP RICI Enhanced WTI Öl (TR) USD ETCDE000PR5RWU6 0 0.99% p.a. Accumulating Netherlands Swap-based
SG ETC Brent Crude Oil Futures-KontraktDE000ETC0696 - 0.90% p.a. Accumulating Germany Swap-based
SG ETC Light Sweet Crude Oil (WTI) Futures-KontraktDE000ETC0779 - 0.90% p.a. Accumulating Germany Swap-based

Source: justETF.com; As of 07.07.24

 

Return comparison of all oil ETFs/ETCs

The table shows the returns of all oil ETFs/ETCs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best ETFs, you can also perform a chart comparison.

ETF   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
WisdomTree Bloomberg WTI Crude Oil 5.35% 2.24% 21.32% 30.53% 67.29%
BNPP WTI Öl (TR) ETC 5.03% 2.26% 20.82% 29.12% -
BNPP ICE Brent ÖL ETC 4.51% 2.04% 20.55% 28.78% -
WisdomTree WTI Crude Oil 4.80% 2.29% 20.20% 28.03% 77.26%
WisdomTree Bloomberg Brent Crude Oil 4.82% 2.23% 19.25% 27.85% 97.74%
WisdomTree Brent Crude Oil 4.73% 2.18% 19.03% 27.34% 93.96%
BNPP RICI Enhanced Brent Öl (TR) USD ETC 3.42% 3.59% 17.25% 25.59% -
BNPP RICI Enhanced Brent Öl (TR) ETC 3.61% 3.40% 17.16% 25.35% -
WisdomTree WTI Crude Oil - EUR Daily Hedged 3.70% 0.72% 16.18% 25.00% 38.61%
WisdomTree Brent Crude Oil Longer Dated 3.98% 2.65% 17.28% 24.68% 73.31%
BNPP RICI Enhanced WTI Öl (TR) USD ETC 3.65% 1.84% 16.12% 22.88% -
BNPP RICI Enhanced WTI Öl (TR) ETC 3.81% 1.65% 16.01% 22.65% -
BNPP RICI Enhanced Brent Crude Oil (ER) Index EUR Hedge ETC 2.32% 2.29% 13.12% 22.36% -
WisdomTree Brent Crude Oil - EUR Daily Hedged 2.89% 1.25% 13.57% 22.10% 56.32%
BNPP RICI Enhanced WTI Öl (ER) EUR Hedge ETC 2.45% 0.54% 11.95% 19.66% -
SG ETC Brent Crude Oil Futures-Kontrakt 5.36% 2.46% 20.63% - -
SG ETC Light Sweet Crude Oil (WTI) Futures-Kontrakt 5.80% 1.83% 21.40% - -
ETF   2024
in %
2023
in %
2022
in %
2021
in %
2020
in %
SG ETC Light Sweet Crude Oil (WTI) Futures-Kontrakt 21.40% - - - -
WisdomTree Bloomberg WTI Crude Oil 21.32% -5.40% 31.34% 73.65% -48.41%
BNPP WTI Öl (TR) ETC 20.82% -5.04% - - -
SG ETC Brent Crude Oil Futures-Kontrakt 20.63% - - - -
BNPP ICE Brent ÖL ETC 20.55% -3.96% - - -
WisdomTree WTI Crude Oil 20.20% -5.77% 37.40% 78.75% -55.99%
WisdomTree Bloomberg Brent Crude Oil 19.25% -4.36% 49.07% 77.25% -40.65%
WisdomTree Brent Crude Oil 19.03% -5.27% 48.16% 77.44% -37.98%
WisdomTree Brent Crude Oil Longer Dated 17.28% -3.09% 33.16% 70.66% -31.87%
BNPP RICI Enhanced Brent Öl (TR) USD ETC 17.25% -1.23% - - -
BNPP RICI Enhanced Brent Öl (TR) ETC 17.16% -1.16% - - -
WisdomTree WTI Crude Oil - EUR Daily Hedged 16.18% -5.12% 19.81% 58.21% -51.80%
BNPP RICI Enhanced WTI Öl (TR) USD ETC 16.12% -3.49% - - -
BNPP RICI Enhanced WTI Öl (TR) ETC 16.01% -3.41% - - -
WisdomTree Brent Crude Oil - EUR Daily Hedged 13.57% -2.34% 28.57% 59.60% -33.51%
BNPP RICI Enhanced Brent Crude Oil (ER) Index EUR Hedge ETC 13.12% 0.21% - - -
BNPP RICI Enhanced WTI Öl (ER) EUR Hedge ETC 11.95% -2.08% - - -

Source: justETF.com; As of 30.06.24; Calculations in EUR including dividends