CION vs. OEF

Last updated Apr 1, 2026

Compare and contrast key facts about CION Investment Corporation (CION) and iShares S&P 100 ETF (OEF).

OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000.

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.

CION vs. OEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CION CION Investment Corporation	-26.63%	-2.26%	14.82%	35.42%	-14.80%	14.07%
OEF iShares S&P 100 ETF	-7.00%	19.80%	30.74%	32.71%	-21.03%	10.30%

Returns By Period

In the year-to-date period, CION achieves a -26.63% return, which is significantly lower than OEF's -7.00% return.

CION

• 1D: 0.59%
• 1M: -13.03%
• YTD: -26.63%
• 6M: -22.41%
• 1Y: -23.64%
• 3Y*: 2.07%
• 5Y*: —
• 10Y*: —

OEF

• 1D: 3.20%
• 1M: -4.75%
• YTD: -7.00%
• 6M: -3.93%
• 1Y: 18.58%
• 3Y*: 20.66%
• 5Y*: 13.16%
• 10Y*: 14.97%

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

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: 9
CION Sharpe Ratio Rank: 8
CION Sortino Ratio Rank: 11
CION Omega Ratio Rank: 11
CION Calmar Ratio Rank: 16
CION Martin Ratio Rank: 1

OEF

OEF Risk / Return Rank: 64
OEF Sharpe Ratio Rank: 58
OEF Sortino Ratio Rank: 62
OEF Omega Ratio Rank: 64
OEF Calmar Ratio Rank: 68
OEF Martin Ratio Rank: 69

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.

	CION	OEF	Difference
Sharpe ratio Return per unit of total volatility	-0.83	0.96	-1.79
Sortino ratio Return per unit of downside risk	-1.03	1.50	-2.53
Omega ratio Gain probability vs. loss probability	0.86	1.22	-0.36
Calmar ratio Return relative to maximum drawdown	-0.73	1.62	-2.35
Martin ratio Return relative to average drawdown	-2.18	6.49	-8.67
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 -0.83, which is lower than the OEF Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of CION and OEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CION	OEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	0.96	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.41	-0.35

Correlation

The correlation between CION and OEF is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CION vs. OEF - Dividend Comparison

CION's dividend yield for the trailing twelve months is around 20.18%, more than OEF's 0.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CION CION Investment Corporation	20.18%	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	0.98%	0.81%	1.03%	1.19%	1.55%	1.06%	1.43%	1.87%	2.09%	1.81%	2.07%	2.11%

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.

Drawdown Indicators

	CION	OEF	Difference
Max Drawdown Largest peak-to-trough decline	-45.39%	-54.11%	+8.72%
Max Drawdown (1Y) Largest decline over 1 year	-33.39%	-11.93%	-21.46%
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	-34.86%	-8.21%	-26.65%
Average Drawdown Average peak-to-trough decline	-14.37%	-11.83%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.18%	2.97%	+8.21%

Volatility

CION vs. OEF - Volatility Comparison

CION Investment Corporation (CION) has a higher volatility of 13.62% compared to iShares S&P 100 ETF (OEF) at 5.57%. 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.

Volatility by Period

	CION	OEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	5.57%	+8.05%
Volatility (6M) Calculated over the trailing 6-month period	20.54%	10.08%	+10.46%
Volatility (1Y) Calculated over the trailing 1-year period	28.76%	19.35%	+9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.25%	17.69%	+11.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.25%	18.42%	+10.83%