etf-monitor
United States Natural Gas Fund tracks natural gas futures and suffers from the same severe contango roll costs as USO, making it a short-term trading vehicle for natural gas price bets rather than a viable long-term investment in the natural gas theme. This analysis is part of Energy Macro’s
etf-monitor
United States Oil Fund tracks crude oil futures prices using front-month WTI contracts, providing the most direct ETF exposure to short-term oil price movements — but with significant roll cost drag that makes it unsuitable for long-term holding. This analysis is part of Energy Macro’s ETF Monitor research. For our
etf-monitor
First Trust Natural Gas ETF provides focused exposure to natural gas producers and related companies, capturing the structural demand growth from LNG exports, power generation for data centers, and the displacement of coal in electricity generation globally. This analysis is part of Energy Macro’s ETF Monitor research. For our
etf-monitor
Global X MLP ETF offers an alternative to AMLP for high-yield midstream pipeline exposure, with a similar portfolio of energy infrastructure partnerships but a different fund structure that may offer tax efficiency advantages for certain investors. This analysis is part of Energy Macro’s ETF Monitor research. For our complete
etf-monitor
Alerian MLP ETF is the largest midstream MLP ETF, providing high-yield exposure to pipeline operators like Enterprise Products, Energy Transfer, and MPLX — the tollbooth companies that collect fees on every barrel of oil and cubic foot of gas flowing through America's energy infrastructure. This analysis is part of
etf-monitor
Vanguard Energy ETF provides broad U.S. energy sector exposure at Vanguard's characteristically low 0.10% expense ratio, holding 110+ energy stocks across the full value chain from exploration to refining — the most diversified single-fund energy allocation available. This analysis is part of Energy Macro’s ETF Monitor
etf-monitor
SPDR S&P Oil & Gas Exploration & Production ETF provides equal-weighted exposure to U.S. E&P companies, offering higher beta to oil and gas prices than the top-heavy XLE and capturing the full spectrum of upstream producers from large-cap to small-cap. This analysis is part of
etf-monitor
Energy Select Sector SPDR is the benchmark U.S. energy ETF with a 0.09% expense ratio, heavily weighted to ExxonMobil and Chevron — providing low-cost exposure to integrated oil majors that generate massive free cash flow in a structurally undersupplied global energy market. This analysis is part of Energy Macro’
etf-monitor
Sprott Physical Uranium Trust holds physical uranium oxide (U3O8) in storage, offering the most direct publicly-traded exposure to uranium spot prices without mining operational risk — effectively a uranium bullion vehicle that also removes supply from the market, tightening the physical balance. This analysis is part of Energy Macro’s ETF
etf-monitor
VanEck Uranium+Nuclear Energy ETF blends uranium miners with nuclear utilities and technology companies, providing the most defensive nuclear energy exposure by including stable utility cash flows alongside cyclical mining equities. This analysis is part of Energy Macro’s ETF Monitor research. For our complete infrastructure income framework, see The
etf-monitor
Global X Uranium ETF is the broadest uranium and nuclear energy ETF, combining uranium miners with nuclear technology companies and utilities — offering diversified exposure to the nuclear renaissance with lower volatility than the more concentrated URNM. This analysis is part of Energy Macro’s ETF Monitor research. For our complete
etf-monitor
abrdn Physical Platinum Shares provides direct exposure to platinum — a metal trading at a historic discount to gold with tightening mine supply from South Africa and growing demand from hydrogen fuel cells, catalytic converters, and industrial applications. This analysis is part of Energy Macro’s ETF Monitor research. For our