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Beacon

OILDMicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs

Take a bet4y track recordRanked #321 of 775 in this goal

Seeks a return based on changes in the level of the Solactive MicroSectors Oil & Gas Index.

By BMO Capital Markets · Launched 2021

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$45M

#3,666 of 5,562 · mid-size

Return (1Y)Goal

-56.7%

Track Record

4 years

#2,538 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$4,244-57.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Energy

Index tracked

Solactive MicroSectors Oil & Gas Exploration & Production Index

What it actually holds

By weight

Concentration

Top 10 holdings = 66.5% of fundconcentrated

Chevron CorpCVX
15.2%
Exxon Mobil CorpXOM
14.6%
ConocoPhillipsCOP
6.5%
SLB LtdSLB
6.3%
Occidental Petroleum CorpOXY
4.9%
EOG Resources IncEOG
4.2%
EQT CorpEQT
4.1%
Valero Energy CorpVLO
3.9%
Baker Hughes Co Class ABKR
3.8%
Halliburton CoHAL
3.2%

Asset allocation

Stocks
100.0%

By sector

Energy
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
62.5%High

Year-on-year price swings

Max drawdown
-98.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.57Below average
Sortino (3Y)
-0.85Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks a return based on changes in the level of the Solactive MicroSectors Oil & Gas Index.
Strategy
Offers returns linked to the Solactive MicroSectors Oil & Gas Exploration & Production Index, compounded daily. The ETN is designed for daily trading and is not suitable for long-term investment strategies.
Inception date
November 8, 2021
Fund family
BMO Capital Markets

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=inverse + leveraged_name_or_strategy

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20