Quote:
Originally Posted by bizaro86
No. The risk for USO is that what they own doesn't stay constant - every month they sell the old futures and buy new ones. VOO owns a static basket of stocks, it only changes when the index rebalances, which isnt often or dramatic.
A better crude oil etf would own physic crude to eliminate this risk, but the cost of storage is quite high.
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USO shifted to August futures, got halted and then June futures rose almost in sync. Incredibly entertaining, unless you're holding it I suppose!