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Fund size
$75.0M
NOV 2026
Total cost ratio
1.29%
per year
Distributions
Annually
Since inception
15.0 yrs
NOV 2011
The BetaShares Crude Oil Index ETF-Currency Hedged (synthetic) enables investors to gain exposure to the performance of the crude oil included in the S S&P GSCI Crude Oil Index Excess Return without the need to invest in the futures market or take physical delivery of the commodities.
US equity 0.00%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.00 | 0.00 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | -0.04 | 82.08 | 82.12 |
| Other | 100.04 | 100.04 | 0.00 |
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Total Return Swap | 100.04 | — | 115.5M | — | 94.8M | — | — | |
| Cash Offset | -82.12 | — | -94.8M | — | — | — | — | |
| Cash | 82.08 | — | 94.8M | — | — | — | — |
Fund (NAV) Market price
1M
17.9
3M
31.9
6M
11.9
YTD
147.2
1Y
139.0
3Y
32.7
5Y
18.2
10Y
3.4
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 17.86 | 17.98 | 17.99 | — |
| 3 months | 31.95 | 34.67 | 32.37 | — |
| 6 months | 11.94 | 6.11 | 12.66 | — |
| Year to date | 147.19 | 141.54 | 149.85 | — |
| 1 year | 138.95 | 139.49 | 142.04 | — |
| 3 years p.a. | 32.73 | 31.27 | 34.44 | — |
| 5 years p.a. | 18.24 | 18.35 | 19.77 | — |
| 10 years p.a. | 3.39 | 2.99 | 4.60 | — |
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2016
7.9
2017
1.4
2018
-21.7
2019
29.3
2020
-69.5
2021
58.1
2022
20.2
2023
-4.0
2024
11.1
2025
-8.2
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | -8.25 | -9.07 | — |
| 2024 | 11.07 | 6.64 | — |
| 2023 | -4.03 | -6.84 | — |
| 2022 | 20.25 | -21.25 | — |
| 2021 | 58.08 | 31.79 | — |
| 2020 | -69.48 | -72.70 | — |
| 2019 | 29.34 | 25.88 | — |
| 2018 | -21.68 | -23.73 | — |
| 2017 | 1.43 | 3.00 | — |
| 2016 | 7.93 | 5.97 | — |
| 2015 | -45.18 | -46.36 | — |
FY17
-18.0
FY18
57.6
FY19
-21.1
FY20
-73.3
FY21
78.7
FY22
60.0
FY23
-29.5
FY24
25.5
FY25
-8.5
FY26
35.9
| Financial year | Total % |
|---|---|
| Financial year to date | 61.72 |
| Year to 30 JUN 2026 | 35.87 |
| Year to 30 JUN 2025 | -8.54 |
| Year to 30 JUN 2024 | 25.45 |
| Year to 30 JUN 2023 | -29.51 |
| Year to 30 JUN 2022 | 59.97 |
| Year to 30 JUN 2021 | 78.68 |
| Year to 30 JUN 2020 | -73.34 |
| Year to 30 JUN 2019 | -21.09 |
| Year to 30 JUN 2018 | 57.64 |
| Year to 30 JUN 2017 | -18.04 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 34.35 | 12.58 | 5.97 | -1.64 |
| Beta | 2.86 | 2.14 | 1.83 | 2.18 |
| R-squared | 72.49 | 56.27 | 47.53 | 41.16 |
| Standard deviation | 64.94 | 42.29 | 40.78 | 45.70 |
| Sharpe ratio | 1.48 | 0.66 | 0.56 | 0.30 |
| Sortino ratio | 4.90 | 1.18 | 0.79 | 0.06 |
| Tracking error | 49.43 | 33.19 | 30.82 | 36.45 |
| Information ratio | 2.07 | 0.52 | 0.25 | -0.12 |
| Upside capture % | 241.56 | 151.78 | 147.28 | 163.97 |
| Downside capture % | 49.86 | 91.74 | 135.77 | 235.59 |
| Maximum drawdown % | -29.11 | -29.11 | -35.37 | -85.46 |
Measured against Bloomberg Commodity TR USD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
125.3
Morningstar Portfolio Risk Score at 30 SEP 2026.
2023
0.3
2021
2.5
2020
1.2
2019
0.5
2018
0.6
2017
0.3
| Year | Per unit ($) |
|---|---|
| 2023 | 0.2593 |
| 2021 | 2.4564 |
| 2020 | 1.1532 |
| 2019 | 0.4906 |
| 2018 | 0.6227 |
| 2017 | 0.2628 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2026 | 0.3281 |
| 1 JUL 2024 | 0.2593 |
| 1 JUL 2022 | 1.2910 |
| 1 JUN 2022 | 0.6770 |
| 2 MAY 2022 | 0.4884 |
| 1 JUL 2021 | 0.3837 |
| 2 JUN 2021 | 0.4281 |
| 3 MAY 2021 | 0.3414 |
| 1 APR 2020 | 0.0598 |
| 2 JAN 2020 | 0.4308 |
| 1 OCT 2019 | 0.4406 |
| 1 JUL 2019 | 0.1821 |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Crude has opened down ~5% this morning on “less bullish” news: OPEC+ approved another +188,000 b/d quota increase for September, the sixth consecutive monthly hike, completing the full unwind of the 1.65 million b/d voluntary cuts made in 2023, and President Trump announced on Sunday he was cancelling planned new strikes on Iran after Tehran and regional powers indicated they are working toward a deal to reopen the Strait of Hormuz.
The OOO ETF provides investors with exposure to the price of West Texas Intermediate (WTI) crude oil through futures contracts, offering a simple way to gain direct exposure to movements in global oil prices without directly owning physical oil, or the risks that come with specific stocks. The fees of 0.69% aren’t cheap, but the ETF is FX hedged, which has seen it outperform the S&P GSCI Crude Oil Index Excess Return Index (USD) by ~5% so far in 2026.
July has witnessed a dramatic re-escalation of the Iran conflict with markets going from too optimistic to hopefully too pessimistic. The ceasefire breakdown has actually driven the sharpest leg of the oil price rally, making the resilience by equities so far pretty impressive. Things improved on Friday and over the weekend but we’ve heard it all before:
Crude oil rallied harder than we expected last week as the US-Iran War went from bad to worse, and nothing improved over the weekend with the US now sending more warplanes to the Middle East, with Tehran causing a severe threat to passage through the Strait of Hormuz and vowing not to let oil pass through without coordination and permission. Unfortunately, its feeling like the Mexican stand-off is going to get worse before it can get better putting huge pressure on President Trump ahead of the November mid-terms.
Crude oil initially jumped on the escalation of fears around the Strait of Hormuz last week but come Friday there was no panic, just an orderly bounce after a strong downtrend. Oil has opened higher this morning after the ongoing strikes over the weekend but at this stage we don’t envisage sustained strength back above US$80/barrel.
Crude oil surged another ~7% overnight on the worsening rhetoric around Iran, taking its sharp bounce from last week's low to ~15%. This has been a similar move to the one at the start of June, and if common sense prevails, the outcome should be the same, with the energy complex renewing its downtrend if/when diplomacy returns around the Strait of Hormuz.
Oil traders experienced another wild ride overnight with brent trading in another crazy ~15% range. Ultimately, prices closed down ~9% as optimism for a relatively quick and market-friendly resolution won the day.
Crude oil is finding a base around the $US60 level currently being supported by aggressive rhetoric between the US and Iran. OPEC+ are also on track to pause production increases in March which has helped push Brent futures to a four-month high last week after US President Donald Trump warned Tehran to make a nuclear deal or face military strikes.
Trump wants and needs oil prices lower to avoid escalating inflation taking hold as tariffs come into play – imagine the Americans who voted for Trump, and those who did not, will be paying a decent premium on many goods in the coming days – we question if they all thought it through.
MM is neutral towards December oil around US$98/barrel.
MM is cautiously bearish towards oil around US$95/barrel.
MM is now cautiously bearish towards crude oil
MM is neutral towards December oil around US$117/barrel.
MM is neutral towards December oil around US$117/barrel.
MM is now neutral towards December oil around US$110/barrel.
MM is now neutral towards December oil around US$110/barrel.
MM is cautiously bearish towards December oil around US$105/barrel.
MM is cautiously bearish towards December oil around US$100/barrel.
MM is cautiously bearish towards December oil around US$97/barrel.
OOO aims to track the performance of an index (before fees and expenses) that provides exposure to crude oil futures, hedged for currency movements in the AUD/USD exchange rate. The ETF is listed on the Australian Stock Exchange (ASX) under close FUEL
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