CARD vs. OILD
CARD (Max Auto Industry -3X Inverse Leveraged ETN) and OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) are both Inverse Equities funds - CARD tracks the Prime Auto Industry Index - Benchmark TR Net (--300%) while OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). Both are passively managed. Over the past 3 years, CARD returned -47.16%/yr vs -43.79%/yr for OILD. Their 0.17 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
CARD vs. OILD - Performance Comparison
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Returns By Period
In the year-to-date period, CARD achieves a -8.92% return, which is significantly higher than OILD's -64.92% return.
CARD
- 1D
- 3.59%
- 1M
- 1.66%
- 6M
- -6.13%
- YTD
- -8.92%
- 1Y
- -38.90%
- 3Y*
- -47.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.24%
OILD
- 1D
- -3.75%
- 1M
- -31.76%
- 6M
- -47.49%
- YTD
- -64.92%
- 1Y
- -72.17%
- 3Y*
- -43.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -59.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.33K | $47.63K | $45.90K | |
| $2.56M | $2.79M | $3.90M |
CARD vs. OILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | -8.92% | -60.21% | -58.19% | -32.77% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -64.92% | -41.67% | -14.58% | -27.30% |
Correlation
The correlation between CARD and OILD is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.17 |
The correlation between CARD and OILD shifts across timeframes, from -0.15 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CARD vs. OILD — Risk / Return Rank
CARD
OILD
CARD vs. OILD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). 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.
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.
| CARD | OILD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.78 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.95 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.42 | +0.20 |
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Drawdowns
CARD vs. OILD - Drawdown Comparison
The maximum CARD drawdown since its inception was -93.74%, smaller than the maximum OILD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for CARD and OILD.
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Drawdown Indicators
| CARD | OILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.74% | -98.90% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -44.14% | -74.53% | +30.39% |
Max Drawdown (3Y)Largest decline over 3 years | -93.74% | -85.42% | -8.32% |
Current DrawdownCurrent decline from peak | -93.16% | -98.86% | +5.70% |
Average DrawdownAverage peak-to-trough decline | -69.56% | -88.90% | +19.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.16% | 49.58% | -20.42% |
Volatility
CARD vs. OILD - Volatility Comparison
Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a higher volatility of 23.32% compared to MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) at 19.24%. This indicates that CARD's price experiences larger fluctuations and is considered to be riskier than OILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CARD | OILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.32% | 19.24% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 54.55% | 50.43% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.06% | 63.51% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.51% | 79.08% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.51% | 79.08% | +1.43% |
CARD vs. OILD - Expense Ratio Comparison
Both CARD and OILD have an expense ratio of 0.95%.
Dividends
CARD vs. OILD - Dividend Comparison
Neither CARD nor OILD has paid dividends to shareholders.
Frequently Asked Questions
CARD and OILD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARD has higher volatility (23.32%) compared to OILD (19.24%). In terms of maximum drawdown, CARD dropped -93.74% vs OILD's -98.90%.
On 3-year performance, OILD leads with -43.79% vs -47.16% for CARD. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 19.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILD has performed better with a -43.79% return vs -47.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CARD and OILD have the same expense ratio: 0.95% per year.
CARD and OILD have nearly identical dividend yields, around 0.00%.
CARD tracks Prime Auto Industry Index - Benchmark TR Net (--300%), while OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). They also come from different issuers: Max and REX.
CARD currently has the higher Sharpe Ratio (-0.50 vs -1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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