- ISIN
- US0636795751
- Issuer
- REX
- Inception Date
- Nov 8, 2021
- Region
- Global (Broad)
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $41M
Highlights
- Avg. Volume (1M)
- 66K
- Avg. Volume Value (1M)
- $2.79M
Share Price Chart
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Performance
OILD Performance Chart
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is down 64.9% since the beginning of the year. OILD is currently trading at $36 per share.
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Returns By Period
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has returned -64.92% so far this year and -72.17% over the past 12 months.
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs
- 1D
- -3.75%
- 1M
- -31.76%
- 6M
- -47.49%
- YTD
- -64.92%
- 1Y
- -72.17%
- 3Y*
- -43.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -59.42%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
OILD Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2021, OILD's average daily return is -0.24%, while the average monthly return is -5.00%.
Historically, 37% of months were positive and 63% were negative. The best month was Jun 2022 with a return of +55.6%, while the worst month was Oct 2022 at -49.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, OILD closed higher 44% of trading days. The best single day was Apr 4, 2025 with a return of +29.0%, while the worst single day was Apr 9, 2025 at -25.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -33.20% | -23.94% | -28.44% | 1.35% | 19.25% | 17.94% | -32.31% | -64.92% | |||||
| 2025 | -7.39% | -10.18% | -12.02% | 33.65% | -8.91% | -14.27% | -8.90% | -9.36% | -1.45% | 3.22% | -10.60% | 1.69% | -41.67% |
| 2024 | 2.29% | -10.33% | -25.19% | 2.45% | 0.43% | 4.80% | -4.93% | 8.85% | 10.11% | -1.31% | -20.71% | 29.47% | -14.58% |
| 2023 | -9.97% | 21.32% | -3.56% | -7.75% | 31.46% | -20.28% | -23.12% | -4.56% | -6.93% | 12.92% | 3.55% | -1.11% | -19.58% |
| 2022 | -43.06% | -24.87% | -32.12% | -0.79% | -43.27% | 55.58% | -30.79% | -15.98% | 24.94% | -49.49% | -6.31% | 10.78% | -90.32% |
| 2021 | 19.25% | -12.94% | 3.83% |
Benchmark Metrics
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs has an annualized alpha of -31.84%, beta of -1.85, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since November 09, 2021.
- This ETF participated in 50.95% of S&P 500 Index downside but only -126.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -1.85 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -31.84%
- Beta
- -1.85
- R²
- 0.16
- Upside Capture
- -126.61%
- Downside Capture
- 50.95%
Expense Ratio
OILD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OILD ranks 1 for risk / return — above 1% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OILD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.25 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.00 | -2.95 |
| Martin ratioReturn relative to average drawdown | -1.42 | 8.49 | -9.92 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs was 98.90%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs drawdown is 98.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-98.90%Mar 2026 | 4y 3mo | — | 4y 8moDec 2021 - now | — |
-18.18%Nov 2021 | 2d | 7d | 9dNov 2021 - Dec 2021 | — |
-3.42%Nov 2021 | 5d | 1d | 6dNov 2021 - Nov 2021 | — |
-1.30%Nov 2021 | 1d | 1d | 1dNov 2021 - Nov 2021 | — |
Drawdown Indicators
| OILD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -56.78% | -42.12% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -9.10% | -65.43% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | -18.90% | -66.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -98.86% | -1.58% | -97.28% |
Average DrawdownAverage peak-to-trough decline | -88.90% | -10.70% | -78.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.58% | 2.14% | +47.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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