BNDP vs. USOI

Last updated Jun 4, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. Both are passively managed. At a correlation of -0.47, they often move in opposite directions. BNDP charges 0.05%/yr vs 0.85%/yr for USOI.

Performance

BNDP vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a 0.34% return, which is significantly lower than USOI's 50.53% return.

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOI

• 1D: 1.94%
• 1M: 2.54%
• YTD: 50.53%
• 6M: 48.65%
• 1Y: 49.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDP vs. USOI - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	50.53%	-2.34%

Correlation

The correlation between BNDP and USOI is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	-0.47

Return for Risk

BNDP vs. USOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USOI

USOI Risk / Return Rank: 64
USOI Sharpe Ratio Rank: 66
USOI Sortino Ratio Rank: 60
USOI Omega Ratio Rank: 60
USOI Calmar Ratio Rank: 80
USOI Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDP vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDP	USOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.94	-0.70

Drawdowns

BNDP vs. USOI - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum USOI drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for BNDP and USOI.

Drawdown Indicators

	BNDP	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-19.49%	+16.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.90%	—
Current Drawdown Current decline from peak	-1.31%	-3.08%	+1.77%
Average Drawdown Average peak-to-trough decline	-0.86%	-7.21%	+6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.12%	—

Volatility

Volatility by Period

	BNDP	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	22.35%	-18.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	22.59%	-18.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	22.59%	-18.96%

BNDP vs. USOI - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than USOI's 0.85% expense ratio.

Dividends

BNDP vs. USOI - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.08%, less than USOI's 36.88% yield.

Position	TTM	2025	2024
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	36.88%	27.21%	12.54%

Frequently Asked Questions

Can I hold both BNDP and USOI in my portfolio?

BNDP and USOI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or USOI?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDP or USOI?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.85% for USOI.

Which ETF pays a higher dividend yield, BNDP or USOI?

USOI has the higher dividend yield at 36.88%, compared with 2.08% for BNDP.

What is the main difference between BNDP and USOI?

BNDP is categorized as Intermediate Core-Plus Bond, while USOI is Commodities. BNDP tracks Bloomberg U.S. Universal Float Adjusted Index, while USOI tracks Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. They also come from different issuers: Vanguard and Credit Suisse. Their fees differ too: 0.05% for BNDP and 0.85% for USOI.