UBS ETRACS - ProShares Daily 3x Inverse Crude ETN

  • Current Indicative Value
  • 12/11/2019 | 10:56 am
  • USD 4.46
  • Current Spot Price USD 4.40
  • 12/11/2019 | 11:05 am

Index Profile

Underlying Index Bloomberg WTI Crude Oil Subindex ER
Ticker symbol BCOMCL

About the index

The Index is an excess return index that comprises 1 to 3 month exchange-traded futures contracts on a single commodity (West Texas Intermediate crude oil) and is a subindex of the Bloomberg Commodity Index (Bloomberg: BCOM) and a member of the Bloomberg Commodity Indices family. The Index is designed to measure the returns that are potentially available through an unleveraged investment in rolling West Texas Intermediate crude oil futures contracts traded on major commodity exchanges. The futures contracts are never taken to delivery, and are instead rolled forward into replacement contract every other month. The performance of the Index is primarily determined by the timing of the roll and the relative price movements of the incoming contract and the outgoing contract. The WTI crude oil futures contracts tracked by the Index roll approximately every other month to the contract that is two months longer in maturity. The Index provides investors with a benchmark for rolling futures contracts in this single commodity.  The Index was created in February 2006 and has no performance history prior to that date.

Index Historical Returns

Name 1 Month 3 Months 6 Months 1 Year 3 Years
Bloomberg WTI Crude Oil Subindex ER 2.21% 2.37% 8.42% 8.53% 4.87%

Source: UBS Investment Bank, publicly available data.

Historical information presented is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may differ significantly from historical performance, either positively or negatively.

*Index Historical Returns presented are based on intraday levels.

The ETRACS ETNs are subject to investor fees. As a result, the return on the ETNs will always be lower than the total return on a direct investment in the Index or the Index constituents.