FRO vs. OILU

Last updated Apr 2, 2026

Compare and contrast key facts about Frontline Ltd. (FRO) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).

OILU is managed by BMO. It was launched on Mar 24, 2017.

Performance

FRO vs. OILU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontline Ltd. (FRO) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

FRO vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRO Frontline Ltd.	64.69%	61.17%	-22.48%	96.23%	73.67%	-16.43%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	112.51%	-16.50%	-21.65%	-32.50%	151.08%	-17.87%

Returns By Period

In the year-to-date period, FRO achieves a 64.69% return, which is significantly lower than OILU's 112.51% return.

FRO

• 1D: -0.09%
• 1M: -9.30%
• YTD: 64.69%
• 6M: 58.44%
• 1Y: 147.39%
• 3Y*: 40.65%
• 5Y*: 46.49%
• 10Y*: 23.45%

OILU

• 1D: -10.60%
• 1M: 12.27%
• YTD: 112.51%
• 6M: 100.08%
• 1Y: 45.27%
• 3Y*: 7.13%
• 5Y*: —
• 10Y*: —

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

Return for Risk

FRO vs. OILU — Risk / Return Rank

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

FRO

FRO Risk / Return Rank: 95
FRO Sharpe Ratio Rank: 97
FRO Sortino Ratio Rank: 94
FRO Omega Ratio Rank: 91
FRO Calmar Ratio Rank: 96
FRO Martin Ratio Rank: 97

OILU

OILU Risk / Return Rank: 34
OILU Sharpe Ratio Rank: 30
OILU Sortino Ratio Rank: 40
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 34
OILU Martin Ratio Rank: 23

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.

FRO vs. OILU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.

	FRO	OILU	Difference
Sharpe ratio Return per unit of total volatility	3.12	0.59	+2.53
Sortino ratio Return per unit of downside risk	3.48	1.19	+2.29
Omega ratio Gain probability vs. loss probability	1.43	1.17	+0.25
Calmar ratio Return relative to maximum drawdown	7.02	0.91	+6.11
Martin ratio Return relative to average drawdown	20.22	1.54	+18.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRO vs. OILU - Sharpe Ratio Comparison

The current FRO Sharpe Ratio is 3.12, which is higher than the OILU Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of FRO and OILU, 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

	FRO	OILU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	0.59	+2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.20	-0.09

Correlation

The correlation between FRO and OILU is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FRO vs. OILU - Dividend Comparison

FRO's dividend yield for the trailing twelve months is around 5.05%, while OILU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRO Frontline Ltd.	5.05%	4.26%	13.74%	14.31%	1.24%	0.00%	25.72%	0.78%	0.00%	6.54%	19.83%	1.67%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FRO vs. OILU - Drawdown Comparison

The maximum FRO drawdown since its inception was -98.36%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for FRO and OILU.

Drawdown Indicators

	FRO	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-98.36%	-81.00%	-17.36%
Max Drawdown (1Y) Largest decline over 1 year	-21.41%	-52.04%	+30.63%
Max Drawdown (5Y) Largest decline over 5 years	-52.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.14%	—	—
Current Drawdown Current decline from peak	-74.35%	-42.85%	-31.50%
Average Drawdown Average peak-to-trough decline	-67.81%	-50.72%	-17.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.44%	30.74%	-23.30%

Volatility

FRO vs. OILU - Volatility Comparison

The current volatility for Frontline Ltd. (FRO) is 15.37%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 19.90%. This indicates that FRO experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRO	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.37%	19.90%	-4.53%
Volatility (6M) Calculated over the trailing 6-month period	30.24%	43.84%	-13.60%
Volatility (1Y) Calculated over the trailing 1-year period	47.58%	77.03%	-29.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.38%	81.31%	-31.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.46%	81.31%	-29.85%