IBTH vs. USOI
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. Both are passively managed. Over the past year, IBTH returned 3.93% vs 49.69% for USOI. At a correlation of -0.22, they often move in opposite directions. IBTH charges 0.07%/yr vs 0.85%/yr for USOI.
Performance
IBTH vs. USOI - Performance Comparison
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Returns By Period
In the year-to-date period, IBTH achieves a 0.92% return, which is significantly lower than USOI's 50.53% return.
IBTH
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 0.92%
- 6M
- 1.26%
- 1Y
- 3.93%
- 3Y*
- 3.92%
- 5Y*
- 0.47%
- 10Y*
- —
USOI
- 1D
- 1.94%
- 1M
- 2.54%
- YTD
- 50.53%
- 6M
- 48.65%
- 1Y
- 49.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTH vs. USOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 0.92% | 5.29% | 3.50% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 50.53% | -8.78% | 6.94% |
Correlation
The correlation between IBTH and USOI is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | -0.22 |
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Return for Risk
IBTH vs. USOI — Risk / Return Rank
IBTH
USOI
IBTH vs. USOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) 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.
| IBTH | USOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.37 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 10.34 | 4.20 | +6.14 |
| Martin ratioReturn relative to average drawdown | 40.10 | 9.74 | +30.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTH | USOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | 2.23 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.94 | -0.80 |
Drawdowns
IBTH vs. USOI - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, smaller than the maximum USOI drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for IBTH and USOI.
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Drawdown Indicators
| IBTH | USOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -19.49% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -11.90% | +11.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -3.08% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -7.21% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 5.12% | -5.02% |
Volatility
IBTH vs. USOI - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.18%, while Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a volatility of 10.14%. This indicates that IBTH 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.
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Volatility by Period
| IBTH | USOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 10.14% | -9.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 18.25% | -17.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 22.35% | -21.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 22.59% | -18.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 22.59% | -18.38% |
IBTH vs. USOI - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is lower than USOI's 0.85% expense ratio.
Dividends
IBTH vs. USOI - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.83%, less than USOI's 36.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.83% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 36.88% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTH and USOI have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOI has higher volatility (10.14%) compared to IBTH (0.18%). In terms of maximum drawdown, IBTH dropped -16.16% vs USOI's -19.49%.
On 1-year performance, USOI leads with 49.69% vs 3.93% for IBTH. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOI has performed better with a 49.69% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.85% for USOI.
USOI has the higher dividend yield at 36.88%, compared with 3.83% for IBTH.
IBTH is categorized as Government Bonds, while USOI is Commodities. IBTH tracks ICE 2027 Maturity US Treasury Index, while USOI tracks Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. They also come from different issuers: iShares and Credit Suisse. Their fees differ too: 0.07% for IBTH and 0.85% for USOI.
IBTH currently has the higher Sharpe Ratio (3.57 vs 2.23), 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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