(Bloomberg) -- The U.S. crude market is the steadiest it’s been in at least eight years, driving investors away from exchange-traded products that profit from changes in oil prices.

“Low volatility is a disincentive for investors,” John Hyland, chief investment officer of United States Commodity Futures Funds, an Alameda, California-based ETP manager, said in a phone interview on May 14. Big price swings, with oil more expensive now than in the future, make a perfect scenario for ETP investors, he said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.