HIMZ vs. USOI

Last updated Jun 4, 2026

HIMZ (Defiance Daily Target 2X Long HIMS ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - HIMZ is a Leveraged Equities fund actively managed by Defiance, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. HIMZ is actively managed, while USOI is passively managed. Over the past year, HIMZ returned -93.56% vs 49.69% for USOI. At a correlation of -0.02, they often move in opposite directions. HIMZ charges 1.31%/yr vs 0.85%/yr for USOI.

Performance

HIMZ vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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, HIMZ achieves a -58.85% return, which is significantly lower than USOI's 50.53% return.

HIMZ

• 1D: 0.06%
• 1M: -7.54%
• YTD: -58.85%
• 6M: -69.67%
• 1Y: -93.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOI

• 1D: 1.94%
• 1M: 2.54%
• YTD: 50.53%
• 6M: 48.65%
• 1Y: 49.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIMZ vs. USOI - Yearly Performance Comparison

	2026 (YTD)	2025
HIMZ Defiance Daily Target 2X Long HIMS ETF	-58.85%	-65.21%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	50.53%	-2.29%

Correlation

The correlation between HIMZ and USOI is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	-0.02

Return for Risk

HIMZ vs. USOI — Risk / Return Rank

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

HIMZ

HIMZ Risk / Return Rank: 3
HIMZ Sharpe Ratio Rank: 5
HIMZ Sortino Ratio Rank: 4
HIMZ Omega Ratio Rank: 4
HIMZ Calmar Ratio Rank: 1
HIMZ Martin Ratio Rank: 3

USOI

USOI Risk / Return Rank: 64
USOI Sharpe Ratio Rank: 66
USOI Sortino Ratio Rank: 60
USOI Omega Ratio Rank: 60
USOI Calmar Ratio Rank: 80
USOI Martin Ratio Rank: 55

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.

HIMZ vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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.

	HIMZ	USOI	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	2.23	-2.72
Sortino ratio: Return per unit of downside risk	-0.60	2.86	-3.45
Omega ratio: Gain probability vs. loss probability	0.93	1.37	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.96	4.20	-5.15
Martin ratio: Return relative to average drawdown	-1.18	9.74	-10.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIMZ vs. USOI - Sharpe Ratio Comparison

The current HIMZ Sharpe Ratio is -0.49, which is lower than the USOI Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of HIMZ 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.

Sharpe Ratios by Period

	HIMZ	USOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	2.23	-2.72
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.94	-1.34

Drawdowns

HIMZ vs. USOI - Drawdown Comparison

The maximum HIMZ drawdown since its inception was -98.18%, which is greater than USOI's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for HIMZ and USOI.

Drawdown Indicators

	HIMZ	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-98.18%	-19.49%	-78.69%
Max Drawdown (1Y) Largest decline over 1 year	-98.04%	-11.90%	-86.14%
Current Drawdown Current decline from peak	-95.53%	-3.08%	-92.45%
Average Drawdown Average peak-to-trough decline	-68.90%	-7.21%	-61.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	79.15%	5.12%	+74.03%

Volatility

HIMZ vs. USOI - Volatility Comparison

Defiance Daily Target 2X Long HIMS ETF (HIMZ) has a higher volatility of 53.92% compared to Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) at 10.14%. This indicates that HIMZ's price experiences larger fluctuations and is considered to be riskier than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMZ	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.92%	10.14%	+43.78%
Volatility (6M) Calculated over the trailing 6-month period	131.06%	18.25%	+112.81%
Volatility (1Y) Calculated over the trailing 1-year period	191.74%	22.35%	+169.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.34%	22.59%	+177.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.34%	22.59%	+177.75%

HIMZ vs. USOI - Expense Ratio Comparison

HIMZ has a 1.31% expense ratio, which is higher than USOI's 0.85% expense ratio.

Dividends

HIMZ vs. USOI - Dividend Comparison

HIMZ's dividend yield for the trailing twelve months is around 5.94%, less than USOI's 36.88% yield.

Position	TTM	2025	2024
HIMZ Defiance Daily Target 2X Long HIMS ETF	5.94%	2.44%	0.00%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	36.88%	27.21%	12.54%

Frequently Asked Questions

Can I hold both HIMZ and USOI in my portfolio?

HIMZ and USOI have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMZ or USOI?

HIMZ has higher volatility (53.92%) compared to USOI (10.14%). In terms of maximum drawdown, HIMZ dropped -98.18% vs USOI's -19.49%.

Which ETF is better, HIMZ or USOI?

On 1-year performance, USOI leads with 49.69% vs -93.56% for HIMZ. On fees, USOI is cheaper at 0.85% per year. On volatility, USOI has been the lower-risk option at 10.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIMZ or USOI?

Over the 1-year period, USOI has performed better with a 49.69% return vs -93.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIMZ or USOI?

USOI is cheaper with a 0.85% expense ratio, compared with 1.31% for HIMZ.

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

USOI has the higher dividend yield at 36.88%, compared with 5.94% for HIMZ.

What is the main difference between HIMZ and USOI?

HIMZ is categorized as Leveraged Equities, while USOI is Commodities. They also come from different issuers: Defiance and Credit Suisse. Their fees differ too: 1.31% for HIMZ and 0.85% for USOI.

Which has better risk-adjusted returns?

USOI currently has the higher Sharpe Ratio (2.23 vs -0.49), 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.