Is there an etf for oil?

Screening Filters

1. Theme: Oil & Gas and Commodities (excluding leveraged/inverse products)

   • Purpose: Focus on ETFs that give direct exposure to oil and broader energy/commodity markets, while avoiding complex leveraged or inverse structures.
   • Rationale:
     • You asked “what about just oil” after discussing DIG, which is a leveraged energy ETF. That signals you likely want a more straightforward way to get oil exposure, not a 2x daily leveraged play.
     • Including Oil & Gas and Commodities themes captures:
       • Oil-focused commodity ETFs (e.g., funds tracking crude oil futures or baskets of oil-related contracts).
       • Energy-sector ETFs that are heavily tied to oil prices via oil & gas companies.
     • Excluding:
       • -Leveraged Commodities / -Inverse Commodities
       • -Leveraged Equities / -Inverse Equities
         removes products designed for short-term trading, with amplified risk and decay effects. This moves the search toward “plain vanilla” oil/energy ETFs more suitable for a typical investor who just wants oil exposure.

2. stock_position_pct: LessThan10Pct

   • Purpose: Ensure the ETF is reasonably diversified and not dominated by a single holding.
   • Rationale:
     • Some commodity or energy funds can be extremely concentrated in one stock (e.g., a single oil major or a single futures contract roll strategy).
     • Capping any individual holding at < 10% of the portfolio helps ensure:
       • Less idiosyncratic risk from one company.
       • A cleaner “oil/energy exposure” rather than “this one stock plus a bunch of tiny positions.”
     • This suits someone asking generally for “an ETF for oil” rather than betting on one specific company.

3. expense_ratio: max 1.0

   • Purpose: Filter out ETFs with very high fees.
   • Rationale:
     • Commodity and oil-related ETFs can sometimes be quite expensive.
     • Setting a maximum 1.0% expense ratio keeps:
       • Outrageously high-cost products off the list.
       • The remaining funds more cost-efficient for holding beyond very short-term trading.
     • For a user just wanting “an ETF for oil,” cost matters; high fees can significantly erode returns over time, especially in a volatile asset like oil.

4. inception_date: max 2019-01-01

   • Purpose: Avoid very new, untested ETFs by requiring a meaningful performance history.
   • Rationale:
     • Oil markets are volatile; with very new funds, you lack:
       • A track record across different oil price environments.
       • Evidence of how well the fund tracks its benchmark or handles futures rolling, contango/backwardation, etc.
     • By requiring funds launched on or before 2019-01-01, you are more likely to get:
       • Established products with multi-year data.
       • Better liquidity and tighter trading spreads, which matter for execution quality.

Why the Results Match Your Question

• You asked if there is “an ETF for oil,” not another leveraged trading vehicle like DIG.
• The theme filters focus specifically on oil/energy and commodities, and the exclusion filters remove leveraged/inverse complexity, aligning with a simpler, more direct oil exposure.
• The diversification and expense ratio filters help surface ETFs that are more suitable as investments rather than speculative trading tools.
• The inception date filter steers results toward established, battle-tested oil/energy ETFs, making them more reliable candidates for your consideration.