Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)

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The chart shows the growth of an initial investment of $10,000 in Credit Suisse X-Links Crude Oil Shares Covered Call ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has returned 27.96% so far this year and 18.36% over the past 12 months.

Based on dividend-adjusted daily data since Jun 3, 2024, USOI's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, your investment would double in approximately 5.0 years.

Historically, 55% of months were positive and 45% were negative. The best month was Mar 2026 with a return of +14.6%, while the worst month was Apr 2025 at -13.8%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.

On a daily basis, USOI closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.5%, while the worst single day was Apr 4, 2025 at -5.3%.

Credit Suisse X-Links Crude Oil Shares Covered Call ETN has an annualized alpha of 11.03%, beta of 0.31, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 04, 2024.

• This ETF captured 38.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -36.71%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.31 may look defensive, but with R² of 0.06 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 0.06 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.

USOI has an expense ratio of 0.85%, placing it in the medium range.

USOI ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and compare them to a chosen benchmark (S&P 500 Index).

Credit Suisse X-Links Crude Oil Shares Covered Call ETN provided a 21.20% dividend yield over the last twelve months, with an annual payout of $12.22 per share.

The table displays the monthly dividend distributions for Credit Suisse X-Links Crude Oil Shares Covered Call ETN. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Credit Suisse X-Links Crude Oil Shares Covered Call ETN. 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 Credit Suisse X-Links Crude Oil Shares Covered Call ETN was 19.49%, occurring on May 5, 2025. Recovery took 206 trading sessions.

The chart below shows the rolling one-month volatility.