Here at LongPoint, we're passionate about creating ETFs that offer real opportunities for active investors to help them act decisively when volatility strikes. Launching Canada's first unhedged geared Crude Oil and Natural Gas ETFs back in 2024 is an example of our mission in action.
Our commodity ETFs have supported investors through a series of sharp, often unexpected swings. During these periods, we observed a clear pattern: trading volumes in leveraged and inverse leveraged commodity ETFs tend to spike when conviction is highest, and when uncertainty is greatest.
So, how have our Commodity ETFs performed?
Let's take a look...
Data as at October 30, 2026. Inception date November 29, 2024. Source: LongPoint ETFs.
November Oil futures gained 17.76% in October, opening the month at $88.42 USD per barrel. OPEC+ held output quotas steady at their meeting early in October. Threats from Iran pushed oil up mid-month forcing the U.S. to renew diplomacy negotiations. Houthis continued to attack ships and infrastructure throughout the month.
Front month crude oil futures peaked near $104.99 USD per barrel, closing the month at $104.12 USD per barrel. Volumes were down in both OILU and OILD despite the sharp price appreciation. OILD volumes decreased much less month to month than OILU percentage wise and surpassed OILU’s volume.
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
Upcoming Catalysts to Watch
Natural gas fell dramatically in October declining 14%. While European stockpiles were low early in the month, supply from the U.S. was redirected to Europe from Asia. Asian demand reignited the market mid-month absorbing most of the supply.
Front month natural gas futures peaked near $3.65 USD/MMBtu but ended of the month at $2.90 USD/MMBtu after opening the month at $3.37 USD/MMBtu. GASU volumes surged while GASD volumes dissipated almost entirely.
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD: TSX)
Upcoming Catalysts to Watch
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD:TSX)
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
This article is intended for active, high-conviction investors. Always read the full prospectus and disclaimers before investing. Visit www.longpointetfs.com for more information.
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