Dave Mabe from Stock Tickr passed along a question he’d seen that he thought I could answer.
Are there any ETFs that trade 99% equal to crudeoil, soybeans and gold future contracts?
I’m not sure whether the inquirer is asking if there’s an ETF which includes all three of those commodities, or whether the question is if there are ETFs which track each of those commodities seperately. I’m going to answer based on the idea of three seperate ETFs because I can’t imagine there’s one which is includes all three together and almost nothing else.
For gold the SPDR Gold Trust (GLD) is basically a gold tracking stock. It’s not based on the futures, but rather the spot rate, which should serve the purpose just fine.. It’s priced based on the value of 1/10th of an ounce of gold.
In terms of crude, the United States Oil Fund, LP (USO) is probably the most popular pure oil futures play. It regularly trades more than 10 million units daily. It’s pricing, unlike the GLD, is not directly comparable to the price of oil.
As for soybeans, I’m not aware of an ETF which focuses specifically on that particular commodity. There are a number of Agricultural ETFs, one of the most popular of which is PowerShares DB Agriculture (DBA). It includes futures on a number of different commodities.
For a full list of ETFs (and there are a lot of them) visit Yahoo’s compilation here.
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
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