BetaShares Crude Oil ETF · BetaShares
Data as at 29 March 2026
Tracks WTI crude oil futures prices in AUD-hedged terms. Returns reflect oil price movements without the AUD/USD exchange rate as a variable.
Strategy
Uses futures contracts to track the WTI crude oil price with AUD hedging applied. The fund rolls futures monthly to maintain oil price exposure.
Top Holdings
In April 2020, WTI crude oil futures briefly traded at negative US$37 per barrel — the first time in history. Investors in oil futures products experienced extraordinary losses in that period as the physical storage system reached capacity during COVID lockdowns.
Traders and tactical investors who want short to medium-term exposure to oil price movements without currency risk. Not suited to buy-and-hold investors due to the ongoing cost of rolling futures contracts.
Futures-based oil exposure suffers from roll costs in contango markets. Oil prices are highly sensitive to OPEC production decisions and geopolitical events. In April 2020, WTI oil briefly traded at negative prices as storage capacity ran out.