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 year, CARD returned -39.29% vs -72.54% for OILD. At a 0.21 correlation, their price movements are largely independent. 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 -3.66% return, which is significantly higher than OILD's -59.89% return.
CARD
- 1D
- 3.00%
- 1M
- -9.70%
- YTD
- -3.66%
- 6M
- -8.10%
- 1Y
- -39.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD
- 1D
- -3.24%
- 1M
- 5.05%
- YTD
- -59.89%
- 6M
- -59.58%
- 1Y
- -72.54%
- 3Y*
- -47.52%
- 5Y*
- —
- 10Y*
- —
CARD vs. OILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARD Max Auto Industry -3X Inverse Leveraged ETN | -3.66% | -60.21% | -58.19% | -30.38% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -59.89% | -41.67% | -14.58% | -25.58% |
Correlation
The correlation between CARD and OILD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.21 |
The correlation between CARD and OILD shifts across timeframes, from -0.04 (1 year) to 0.21 (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.
| CARD | OILD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.57 | -1.19 | +0.62 |
Sortino ratioReturn per unit of downside risk | -0.54 | -2.45 | +1.91 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.75 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.95 | +0.20 |
Martin ratioReturn relative to average drawdown | -1.10 | -1.59 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CARD | OILD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -1.19 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.75 | +0.09 |
Drawdowns
CARD vs. OILD - Drawdown Comparison
The maximum CARD drawdown since its inception was -93.51%, 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 | -93.51% | -98.90% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -49.57% | -77.40% | +27.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -88.53% | — |
Current DrawdownCurrent decline from peak | -92.76% | -98.70% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -68.10% | -88.63% | +20.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.82% | 46.36% | -12.54% |
Volatility
CARD vs. OILD - Volatility Comparison
Max Auto Industry -3X Inverse Leveraged ETN (CARD) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) have volatilities of 23.60% and 24.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 23.60% | 24.14% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 50.31% | 48.51% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.78% | 61.17% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.58% | 79.41% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.58% | 79.41% | +1.17% |
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 -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (24.14%) compared to CARD (23.60%). In terms of maximum drawdown, CARD dropped -93.51% vs OILD's -98.90%.
On 1-year performance, CARD leads with -39.29% vs -72.54% for OILD. Both ETFs have the same 0.95% expense ratio. On volatility, CARD has been the lower-risk option at 23.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CARD has performed better with a -39.29% return vs -72.54%. 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 (-0.57 vs -1.19), 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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