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CION vs. OEF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CION vs. OEF

Last updated Jun 5, 2026

CION (CION Investment Corporation) is a stock, while OEF (iShares S&P 100 ETF) is Large Cap Blend Equities fund tracking the S&P 100 Index. Over the past 3 years, CION returned 2.79%/yr vs 24.73%/yr for OEF. At a 0.42 correlation, their price movements are largely independent.

Performance

CION vs. OEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CION Investment Corporation (CION) and iShares S&P 100 ETF (OEF). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CION achieves a -23.59% return, which is significantly lower than OEF's 9.86% return.

CION

1D
3.75%
1M
-11.10%
YTD
-23.59%
6M
-25.52%
1Y
-12.05%
3Y*
2.79%
5Y*
—
10Y*
—

OEF

1D
0.32%
1M
4.92%
YTD
9.86%
6M
9.63%
1Y
29.74%
3Y*
24.73%
5Y*
15.77%
10Y*
16.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CION vs. OEF - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CION
CION Investment Corporation		-23.59%-2.26%14.82%35.42%-14.80%14.07%
OEF
iShares S&P 100 ETF		9.86%19.80%30.74%32.71%-21.03%10.30%

Correlation

The correlation between CION and OEF is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2021

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CION Investment Corporation

iShares S&P 100 ETF

Often compared with CION:
CION vs. ANGLXCION vs. CGBDCION vs. ARCCCION vs. SPYCION vs. BIZDCION vs. VOOCION vs. SCHD
Often compared with OEF:
OEF vs. SPYOEF vs. VOOOEF vs. QQQOEF vs. IOOOEF vs. SCHGOEF vs. SCHDOEF vs. IWFV.L

Return for Risk

CION vs. OEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CION
CION Risk / Return Rank: 2424
Overall Rank
CION Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
CION Sortino Ratio Rank: 2121
Sortino Ratio Rank
CION Omega Ratio Rank: 2121
Omega Ratio Rank
CION Calmar Ratio Rank: 2929
Calmar Ratio Rank
CION Martin Ratio Rank: 2626
Martin Ratio Rank
OEF
OEF Risk / Return Rank: 6767
Overall Rank
OEF Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
OEF Sortino Ratio Rank: 7171
Sortino Ratio Rank
OEF Omega Ratio Rank: 7272
Omega Ratio Rank
OEF Calmar Ratio Rank: 5656
Calmar Ratio Rank
OEF Martin Ratio Rank: 6464
Martin Ratio Rank
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.

CION vs. OEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CION Investment Corporation (CION) and iShares S&P 100 ETF (OEF). 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.

CIONOEFDifference
Sharpe ratioReturn per unit of total volatility
-0.45
2.35

-2.80

Sortino ratioReturn per unit of downside risk
-0.45
3.17

-3.62

Omega ratioGain probability vs. loss probability

0.94

1.42

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.36

2.70

-3.06

Martin ratioReturn relative to average drawdown

-0.79

11.37

-12.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CION vs. OEF - Sharpe Ratio Comparison

The current CION Sharpe Ratio is -0.45, which is lower than the OEF Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of CION and OEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CIONOEFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.45

2.35

-2.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.90

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.45

-0.36

Drawdowns

CION vs. OEF - Drawdown Comparison

The maximum CION drawdown since its inception was -45.39%, smaller than the maximum OEF drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for CION and OEF.

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Drawdown Indicators

CIONOEFDifference

Max Drawdown

Largest peak-to-trough decline

-45.39%

-54.11%

+8.72%

Max Drawdown (1Y)

Largest decline over 1 year

-33.39%

-11.06%

-22.33%

Max Drawdown (3Y)

Largest decline over 3 years

-37.62%

-19.80%

-17.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.47%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.44%

—

Current Drawdown

Current decline from peak

-32.16%

-0.63%

-31.53%

Average Drawdown

Average peak-to-trough decline

-15.00%

-11.76%

-3.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.19%

2.62%

+12.57%

Volatility

CION vs. OEF - Volatility Comparison

CION Investment Corporation (CION) has a higher volatility of 10.75% compared to iShares S&P 100 ETF (OEF) at 3.09%. This indicates that CION's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CIONOEFDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.75%

3.09%

+7.66%

Volatility (6M)

Calculated over the trailing 6-month period

22.79%

9.48%

+13.31%

Volatility (1Y)

Calculated over the trailing 1-year period

27.08%

12.72%

+14.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.44%

17.69%

+11.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.44%

18.44%

+11.00%

Dividends

CION vs. OEF - Dividend Comparison

CION's dividend yield for the trailing twelve months is around 17.63%, more than OEF's 0.83% yield.

PositionTTM20252024202320222021202020192018201720162015
CION
CION Investment Corporation		17.63%14.89%13.33%14.24%14.87%3.52%0.00%0.00%0.00%0.00%0.00%0.00%
OEF
iShares S&P 100 ETF		0.83%0.81%1.03%1.19%1.55%1.06%1.43%1.87%2.09%1.81%2.07%2.11%

Frequently Asked Questions

CION and OEF have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CION has higher volatility (10.75%) compared to OEF (3.09%). In terms of maximum drawdown, CION dropped -45.39% vs OEF's -54.11%.

OEF currently has the higher Sharpe Ratio (2.35 vs -0.45), 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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