Horizon’s BetaPro, Canada’s largest provider of leveraged ETFs, is venturing into more conventional territory today launching 4 new unleveraged commodity funds. These funds will be the first from BetaPro that don’t use double leverage, and wil track gold, silver, oil, and natural gas.

The two energy funds will use long-dated futures in an attempt to avoid another common ETF pitfall, that of extreme contango on futures markets which can destroy returns in open-ended investment funds.