Energy & Crude Oil Screener

Oil ETFs 2026

Discover premier oil and energy ETFs. Screen physical crude futures funds, oil exploration and production equities, and midstream energy infrastructure providing inflation hedging and cash yields.

Total Funds

Oil ETFs tracked

Total AUM

$13.61B

Combined assets under management

Median Yield

1.66%

Trailing 12-month median payout

Average Expense Ratio

0.55%

Lowest fee starts at 0.13% (PBOG)

Oil ETFs Highlights & Top Assets by AUM

Largest by AUM

XOP

SPDR S&P Oil & Gas Exploration & Production ETF

AUM $4.25B

Fee 0.35%

3-Mo TR +11.9%

State Street Analyze fund

#2 by AUM

OIH

VanEck Vectors Oil Services ETF

AUM $1.81B

Fee 0.35%

3-Mo TR +0.8%

VanEck Analyze fund

#3 by AUM

USO

United States Oil Fund, LP

AUM $1.77B

Fee 0.60%

3-Mo TR +23.4%

Marygold Analyze fund

Oil ETFs Directory

Showing 1–16 of 16 funds

Ticker / Fund Name	Issuer	Segment	AUM	Expense Ratio	3-Mo TR	Div. Yield (TTM)	Annual Payout	5Y Div Growth	Div Streak	Action
XOP XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF	State Street	Stocks in oil, gas and fuels (US)	$4.25B	0.35%	+11.9%	1.32%	$2.37	19.25%	1 y	Analyze
OIH VanEck VanEck Vectors Oil Services ETF	VanEck	Stocks in oil, gas and fuels (US)	$1.81B	0.35%	+0.8%	1.26%	$4.87	20.82%	-	Analyze
USO USO Marygold United States Oil Fund, LP	Marygold	Crude oil (commodity)	$1.77B	0.60%	+23.4%	0.00%	-	-	-	Analyze
FTX FTXN First Trust First Trust Nasdaq Oil & Gas ETF	First Trust	Stocks in oil, gas and fuels (US)	$1.11B	0.60%	+12.1%	1.74%	$0.72	31.04%	1 y	Analyze
IEO IEO BlackRock, Inc. iShares U.S. Oil & Gas Exploration & Production ETF	BlackRock, Inc.	Stocks in oil and gas producers (US)	$914.02M	0.37%	+18.5%	1.66%	$2.19	15.44%	-	Analyze
BNO BNO Marygold United States Brent Oil Fund, LP	Marygold	Crude oil (commodity)	$845.99M	1.00%	+34.0%	0.00%	-	-	-	Analyze
CRA CRAK VanEck VanEck Oil Refiners ETF	VanEck	Stocks in oil, gas and fuels (US)	$663.72M	0.61%	+11.9%	1.25%	$0.76	2.75%	-	Analyze
PBO PBOG TFG Parent Holdings LLC Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF	TFG Parent Holdings LLC	Stocks in oil and gas producers (developed markets)	$511.09M	0.13%	+14.0%	0.13%	$0.04	-	-	Analyze
XES XES State Street SPDR® S&P Oil & Gas Equipment & Services ETF	State Street	Stocks in energy equipment and services (US)	$346.48M	0.35%	-9.7%	0.88%	$0.94	18.26%	3 y	Analyze
IEZ IEZ BlackRock, Inc. iShares U.S. Oil Equipment & Services ETF	BlackRock, Inc.	Stocks in oilfield services (US)	$338.92M	0.37%	-5.3%	0.88%	$0.23	10.70%	3 y	Analyze
USO USOI UBS UBS ETRACS Crude Oil Shares Covered Call ETNs	UBS	Crude oil (commodity)	$337.84M	0.85%	+16.1%	45.88%	$20.40	-	1 y	Analyze
DBO Invesco Invesco DB Oil Fund	Invesco	Unclassified	$278.45M	0.77%	+18.6%	1.80%	$0.43	-	-	Analyze
OIL OILK ProShare Advisors LLC ProShares K-1 Free Crude Oil Strategy ETF	ProShare Advisors LLC	Unclassified	$245.96M	0.70%	+23.6%	9.71%	$5.63	10.14%	2 y	Analyze
PXJ PXJ Invesco Invesco Dynamic Oil & Gas Services ETF	Invesco	Stocks in oil, gas and fuels (US)	$124.87M	0.63%	+5.1%	2.82%	$1.24	66.19%	1 y	Analyze
USL USL Marygold United States 12 Month Oil Fund LP	Marygold	Crude oil (commodity)	$46.68M	0.85%	+22.4%	0.00%	-	-	-	Analyze
OIL OILT Texas Capital Bancshares, Inc. Texas Capital Texas Oil Index ETF	Texas Capital Bancshares, Inc.	Stocks in oil and gas producers (US)	$11.54M	0.35%	+12.7%	1.92%	$0.59	-	1 y	Analyze

Data as of November 2026. Ranked by AUM. This list was compiled by the Snowball Analytics team from publicly available sources. It may be incomplete, and figures may be delayed or contain errors; check them against the fund’s or company’s own documents. Inclusion in the list is not a recommendation to buy, sell or hold any security and is not investment advice. Past performance does not predict future results. This list is general information, not personalised to your circumstances. Snowball Analytics is a portfolio tracking tool, not a broker-dealer or investment adviser. Investing involves risk, including loss of principal.

Understanding Oil ETFs: Commodity Futures vs Energy Equities

Oil ETFs offer exposure to the energy market either by holding commodity futures contracts linked directly to spot crude prices (WTI, Brent) or by holding operating energy corporations engaged in oil exploration, refining, and pipeline transport.

Core Strategies & Segment Breakdowns

Crude Oil Futures Contracts

Commodity funds like USO holding front-month WTI crude futures contracts to track short-term spot oil price movements.

Exploration & Production Equities

Funds like XOP and IEO holding upstream oil and gas producers whose earnings correlate with energy prices.

Integrated Global Energy Majors

Broad sector giants like XLE holding multinational integrated oil companies (ExxonMobil, Chevron) with massive free cash flow.

How to Evaluate Oil ETFs (Investor Checklist)

Understand Contango and Roll Yield Decay: Holding physical futures funds like USO over long periods can cause capital erosion due to the cost of rolling expiring contracts forward (contango).
Equities vs Commodity Futures: Energy equities pay cash dividends and compound capital; futures contracts do not generate yield and are designed for short-term tactical hedging.
Verify Fund Legal Structure: Certain commodity pools hold physical futures while others hold operating energy equities; check fund legal structure and holdings.

Frequently Asked Questions About Oil ETFs

What is the primary difference between USO and XLE?

USO holds crude oil futures contracts tracking the commodity price, whereas XLE holds shares of profitable oil companies like ExxonMobil and Chevron that generate earnings and pay dividends.

What is roll yield and why does it affect commodity ETFs?

When future contracts are more expensive than spot prices (contango), the fund must sell low and buy high each month to roll expiring contracts, resulting in negative roll yield.

Which Oil ETFs currently have the highest AUM?

In this category, SPDR S&P Oil & Gas Exploration & Production ETF (XOP) leads with over $4.25B in Assets Under Management, offered by State Street.

How do oil ETFs perform during inflationary periods?

Energy commodities are primary drivers of headline inflation; oil ETFs historically serve as effective tactical hedges during supply shocks and geopolitical tensions.

How can I track my Oil ETFs with Snowball Analytics?

Snowball Analytics connects directly to your brokerage accounts to automatically track dividend payouts, calculate time-weighted and money-weighted returns (TWR and IRR) against benchmarks, model sector weighting, and monitor risk metrics across all your Oil ETFs holdings in one unified portfolio dashboard.

Explore More ETF Topics & Categories

High Dividend ETFs

Above-average yield & dividend growth

Income

ESG ETFs

Sustainable & ESG screened

ESG

Growth ETFs

Tech & capital appreciation

Growth

Value ETFs

Deep value & fundamental multiples

Value

Low Volatility ETFs

Factor tilt & risk mitigation

Factor

Copper ETFs

Electrification & global copper miners

Metals

Gold ETFs

Physical gold bullion & store of value

Gold

Commodity ETFs

Broad raw materials & roll yield

Commodities

S&P 500 ETFs

Core 500 US large-cap benchmark

Core

Nasdaq-100 ETFs

100 large tech & innovation companies

Core

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