EVMT vs. USOI

Last updated Jun 24, 2026

EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - EVMT is a Commodities fund actively managed by Invesco, while USOI is a Oil & Gas fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. EVMT is actively managed, while USOI is passively managed. Over the past year, EVMT returned 31.03% vs 24.90% for USOI. At a 0.13 correlation, their price movements are largely independent. EVMT charges 0.59%/yr vs 0.85%/yr for USOI.

Performance

EVMT vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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, EVMT achieves a 4.92% return, which is significantly lower than USOI's 26.72% return.

EVMT

• 1D: -2.36%
• 1M: -7.56%
• YTD: 4.92%
• 6M: 9.06%
• 1Y: 31.03%
• 3Y*: 1.17%
• 5Y*: —
• 10Y*: —

USOI

• 1D: -1.16%
• 1M: -13.97%
• YTD: 26.72%
• 6M: 25.07%
• 1Y: 24.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMT vs. USOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	4.92%	30.61%	-16.75%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	26.72%	-8.78%	3.24%

Correlation

The correlation between EVMT and USOI is 0.06, 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	0.06
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.13

Return for Risk

EVMT vs. USOI — Risk / Return Rank

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

EVMT

EVMT Risk / Return Rank: 69
EVMT Sharpe Ratio Rank: 68
EVMT Sortino Ratio Rank: 66
EVMT Omega Ratio Rank: 68
EVMT Calmar Ratio Rank: 74
EVMT Martin Ratio Rank: 69

USOI

USOI Risk / Return Rank: 30
USOI Sharpe Ratio Rank: 31
USOI Sortino Ratio Rank: 29
USOI Omega Ratio Rank: 29
USOI Calmar Ratio Rank: 29
USOI Martin Ratio Rank: 31

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.

EVMT vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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.

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.

	EVMT	USOI	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.07	+0.95
Sortino ratio: Return per unit of downside risk	2.75	1.53	+1.22
Omega ratio: Gain probability vs. loss probability	1.37	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	3.44	1.36	+2.09
Martin ratio: Return relative to average drawdown	11.60	4.30	+7.30

EVMT vs. USOI - Sharpe Ratio Comparison

The current EVMT Sharpe Ratio is 2.01, which is higher than the USOI Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of EVMT and USOI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVMT vs. USOI - Drawdown Comparison

The maximum EVMT drawdown since its inception was -48.34%, which is greater than USOI's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for EVMT and USOI.

Drawdown Indicators

	EVMT	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-19.49%	-28.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-18.41%	+9.36%
Max Drawdown (3Y) Largest decline over 3 years	-29.38%	—	—
Current Drawdown Current decline from peak	-27.57%	-18.41%	-9.16%
Average Drawdown Average peak-to-trough decline	-34.58%	-7.33%	-27.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	5.81%	-3.13%

Volatility

EVMT vs. USOI - Volatility Comparison

The current volatility for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is 4.40%, while Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a volatility of 9.08%. This indicates that EVMT experiences smaller price fluctuations and is considered to be less risky than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVMT	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	9.08%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	13.90%	19.23%	-5.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	23.55%	-8.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.46%	23.00%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	23.00%	-2.54%

EVMT vs. USOI - Expense Ratio Comparison

EVMT has a 0.59% expense ratio, which is lower than USOI's 0.85% expense ratio.

Dividends

EVMT vs. USOI - Dividend Comparison

EVMT's dividend yield for the trailing twelve months is around 11.25%, less than USOI's 47.27% yield.

Position	TTM	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	11.25%	11.80%	3.62%	5.49%	0.86%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	47.27%	27.21%	12.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVMT and USOI in my portfolio?

EVMT and USOI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVMT or USOI?

USOI has higher volatility (9.08%) compared to EVMT (4.40%). In terms of maximum drawdown, EVMT dropped -48.34% vs USOI's -19.49%.

Which ETF is better, EVMT or USOI?

On 1-year performance, EVMT leads with 31.03% vs 24.90% for USOI. On fees, EVMT is cheaper at 0.59% per year. On volatility, EVMT has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVMT or USOI?

Over the 1-year period, EVMT has performed better with a 31.03% return vs 24.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVMT or USOI?

EVMT is cheaper with a 0.59% expense ratio, compared with 0.85% for USOI.

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

USOI has the higher dividend yield at 47.27%, compared with 11.25% for EVMT.

What is the main difference between EVMT and USOI?

EVMT is categorized as Commodities, while USOI is Oil & Gas. They also come from different issuers: Invesco and Credit Suisse. Their fees differ too: 0.59% for EVMT and 0.85% for USOI.

Which has better risk-adjusted returns?

EVMT currently has the higher Sharpe Ratio (2.01 vs 1.07), 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.