Dug, Dxo, Uso

Discussion in 'Trading' started by Ivanovich, Dec 31, 2008.

  1. I'm not sure I understand this correctly - can anyone offer any insight?

    DXO is down .8% and USO is down 1.27%. I'd be fine with this alone, but DUG is also down 1.8% with crude down 1.8%.

  2. The DUG is based on the daily performance of the Dow Jones U.S. Oil & Gas Index ( twice the inverse ). It is also HEAVILY weighted towards the major integrated oil stocks, such as XOM (10%), CVX (10%), BP (9.5%), Total (7.7%) and COP (6.3%).

    The USO is based on the SPOT price of WTI.

    Apples and Oranges my friend.
  3. Gotcha, thanks for the explanation. Do they normally (spot and the DJ O+G index) tend to follow one another?

    Also, is there an "anti-USO" ETF out there? I tried looking with my broker but didn't see anything.
  4. No inverse of the USO.
    Simply sell the USO short.
  5. Yes, I thought about that. Was just unsure if there was an inverse to it.

    Thanks, Landis. Have a happy new year.