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Fair point.

USO however has been signficantly more stable than OOO, overlapping the two charts in the last 2 weeks.

I guess my point is that a 39% drop in one day like the one mentioned in my post above and a stark misreprentation of the underlying asset are different from minor discrepancies and loss of value normally expectable in ETFs.

It's schmuck. You sarcastic schmuck.

The three points you seem to make:

1- I didn't read the PDS and never monitored the fund's iNAV

2- I wasn't aware the underlying of this ETF being S&P GSCI crude oil index nearest contract futures

3- Contango justified a 39% drop in one day from 21st to 22nd April.

On 21st April futures price went in the negative xx$.. this ETF was trading at 4.24. Following day (22nd April) oil recouped in positive digits but OOO dropped to 2.6 which is a massive 39% drop in a day.

Please prove #3.

For convenience, go to page 32 of https://www.betashares.com.au/files/collateral/pds/QAG-OOO-QCB-pds.pdf and enlightmen me of what could have justified that drop.