| XOM | Exxon Mobil Corp | 14.98% |
| CVX | Chevron Corp | 14.67% |
| COP | ConocoPhillips | 6.57% |
| SLB | SLB Ltd | 5.47% |
| OXY | Occidental Petroleum Corp | 5.39% |
| DVN | Devon Energy Corp | 4.48% |
| VLO | Valero Energy Corp | 4.46% |
| BKR | Baker Hughes Co Class A | 3.93% |
| EOG | EOG Resources Inc | 3.88% |
| FANG | Diamondback Energy Inc | 3.59% |
OILD makes a big and bearish one-day bet against a concentrated portfolio of US companies in the oil and gas exploration and production industry. The fund provides 300% daily inverse exposure to the price movements of the index. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by minimum average daily value traded over 1-month and 6-months. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILD is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN · Issued by MicroSectors
Oil crashed. Gold tanked. Stocks barely looked up from their proverbial phones. Meanwhile, the Dow is getting a major upgrade next week.