Apr. 4 at 2:57 PM
I've been burned with
$OIL in the past with the price and it's companies stalling, then being flat or declining. The 1-year charts with companies like
$XOM or
$COP show that. Or how
$CVX is only up 7% YTD despite oil's rise.
To offset some risk and volatility, while benefiting from the rise of oil prices and likely profits to the industry,
$FTXN seems like an intriguing ETF to gain exposure to the oil sector. It is up 18% YTD, 18% over one year. Obviously a lot of the rise was recent, but Exxon is only up 2% in a year. All the gains to offset their losses to finally go positive was YTD. Same thing with COP. The way I look at it is gaining is one thing, but needing to gain so much to offset earlier losses is another. You either up 2% in a year, or 18%. The answer is obvious.
