Skip to content
Beacon

OILUMicroSectorsTM Oil & Gas Exploration & Production 3X Leveraged ETNs

Take a bet4y track recordRanked #239 of 949 in this goal

Seeks to provide three times leveraged exposure to the performance of the Solactive MicroSectors TM Oil & Gas Exploration & Production Index.

By BMO Capital Markets · Launched 2021

Annual Cost

0.95%

#4,876 of 5,854 · expensive

Fund Size

$48M

#3,665 of 5,854 · mid-size

Return (1Y)Goal

+91.9%

Track Record

4 years

#2,479 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$20,791+107.9%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Energy

Index tracked

Solactive MicroSectors Oil & Gas Exploration & Production Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Exxon Mobil CorpXOM
15.0%
Chevron CorpCVX
14.7%
ConocoPhillipsCOP
6.6%
SLB LtdSLB
5.5%
Occidental Petroleum CorpOXY
5.4%
Devon Energy CorpDVN
4.5%
Valero Energy CorpVLO
4.5%
Baker Hughes Co Class ABKR
3.9%
EOG Resources IncEOG
3.9%
Diamondback Energy IncFANG
3.6%

Asset allocation

Stocks
100.0%

By sector

Energy
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
64.4%High

Year-on-year price swings

Max drawdown
-81.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.32Below average
Sortino (3Y)
0.43Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide three times leveraged exposure to the performance of the Solactive MicroSectors TM Oil & Gas Exploration & Production Index.
Strategy
Links returns to a three times leveraged participation in the performance of the Solactive MicroSectors TM Oil & Gas Exploration & Production Index, designed for daily trading by sophisticated investors. Targets large-capitalization companies in the U.S. oil and gas exploration and production sector.
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

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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

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

What's next?

You've looked at OILU. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-03