The Best Oil ETF for November 2025

Oil ETFs are baskets of securities that track the price of oil as a commodity, or contain oil stocks. They are an easy way to invest in oil markets, but they do carry risk.

A photo of an offshore oil rig — one of the many types of oil operations one can invest in through oil ETFs.

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Investing in oil is typically reserved for advanced commodity traders — if you're trying to invest in the commodity itself. But if you're just looking to gain exposure to oil, and to perhaps try to profit from its big swings, oil exchange-traded funds may be a better approach.

What are oil ETFs?

Oil ETFs are baskets of securities that either track the price of oil as a commodity or contain oil stocks. Oil ETFs give investors easy access to a commodity that’s difficult to own and store. But oil prices can swing drastically in either direction and can be closely correlated to global and geopolitical events, making it a complex and often risky investment.

Office of Energy Efficiency & Renewable Energy. A Brief History of Oil Prices and Vehicle Technologies. Accessed Mar 14, 2022.

» Want to know more? Learn how to invest in oil

Best-performing oil ETFs

The oil ETFs we track are commodities ETFs, meaning they track the price of oil through benchmarks such as the Brent Crude Oil or West Texas Intermediate benchmarks. These categories of ETFs do not hold oil company stocks. Our screen also may include oil ETNs (more on that below).

Oil ETFs have been having a rough go. OPEC+ agreed to boost production over the summer, and in October, increased output by 30,000 barrels per day compared to September's total

. USO's performance has wobbled, but recently turned positive, and it's the only one to do so among the oil ETFs we screen for (at time of writing).

Ticker

Company

Performance (Year)

USO

United States Oil Fund

0.11%

Source: Finviz. Data is current as of Nov. 5, 2025, and is intended for informational purposes only.

» Curious about oil stocks? Explore how to buy oil stocks

What are oil ETNs?

Oil ETNs, or exchange-traded notes, are similar to oil ETFs in that they are both traded on securities exchanges and can be bought and sold throughout the trading day, similar to stocks. A major difference between ETFs and ETNs is that ETFs are investment companies registered by the U.S. Securities and Exchange Commission, and ETFs actually own the underlying assets that you, as an investor, own a part of. ETNs do not own an underlying portfolio of assets, and instead are made up of unsecured debt obligations. ETNs are generally considered riskier investments than ETFs.

U.S. Securities and Exchange Commission. Investor Bulletin: Exchange Traded Notes (ETNs). Accessed Mar 14, 2022.

» Ready to get started? Check out the best brokers for ETF investors

Brokerage firms

Neither the author nor editor held positions in the aforementioned investments at the time of publication.