Which Crude Oil ETF/ETN? DXO, USO or USF?

Now that crude oil is soaring, many are itching to get a hand into one of the ETFs.

However, the are differences between ETF and ETN. And if I remember correctly, the following article was highlighted by blogger Seng before, Potential Dangers of Investing in Exchange Traded Notes (ETN's).

• There is One Gigantic Difference … An ETN Is Really a Bond!
  That's why they're called “notes” rather than “funds.” Yet it usually doesn't pay interest at a fixed rate, like say a Treasury bond would. Instead your “interest” is the return on a designated index.

Now the ticker symbol DXO is an ETN. And it's full name is PowerShares DB Crude Oil Dble Long ETN.

Now assuming IF you are feeling bullish on crude oil when the crude oil was below US40 per barrel.

Remember how one suggested that being long in oil was much better than buying kijang coins? ( Did I Regret Not Buying Kijang Coins Back In December? )
Anyway, let's look at the performance of DXO.

Impressive eh?

Now let's see the performance of USL

And here is USO.



Now here is an article that must be read also from Jesse. Is the USO Oil Fund "Like a Pyramid Scheme?"