IGLD vs. USOI
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. IGLD is actively managed, while USOI is passively managed. Over the past year, IGLD returned 24.53% vs 49.69% for USOI. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.
Performance
IGLD vs. USOI - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than USOI's 50.53% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
USOI
- 1D
- 1.94%
- 1M
- 2.54%
- YTD
- 50.53%
- 6M
- 48.65%
- 1Y
- 49.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLD vs. USOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 9.70% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 50.53% | -8.78% | 6.94% |
Correlation
The correlation between IGLD and USOI is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.06 |
The correlation between IGLD and USOI shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD vs. USOI — Risk / Return Rank
IGLD
USOI
IGLD vs. USOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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.
| IGLD | USOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 4.20 | -2.79 |
| Martin ratioReturn relative to average drawdown | 3.82 | 9.74 | -5.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLD | USOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.23 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.94 | -0.01 |
Drawdowns
IGLD vs. USOI - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, roughly equal to the maximum USOI drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for IGLD and USOI.
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Drawdown Indicators
| IGLD | USOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -19.49% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -11.90% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | — | — |
Current DrawdownCurrent decline from peak | -15.16% | -3.08% | -12.08% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -7.21% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 5.12% | +1.31% |
Volatility
IGLD vs. USOI - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 5.12%, while Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a volatility of 10.14%. This indicates that IGLD 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
| IGLD | USOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 10.14% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 18.25% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 22.35% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 22.59% | -7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 22.59% | -7.59% |
IGLD vs. USOI - Expense Ratio Comparison
Both IGLD and USOI have an expense ratio of 0.85%.
Dividends
IGLD vs. USOI - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, less than USOI's 36.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 36.88% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLD and USOI have a correlation of -0.10, 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 IGLD (5.12%). In terms of maximum drawdown, IGLD dropped -18.59% vs USOI's -19.49%.
On 1-year performance, USOI leads with 49.69% vs 24.53% for IGLD. Both ETFs have the same 0.85% expense ratio. On volatility, IGLD has been the lower-risk option at 5.12%. 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 24.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLD and USOI have the same expense ratio: 0.85% per year.
USOI has the higher dividend yield at 36.88%, compared with 17.92% for IGLD.
IGLD is categorized as Precious Metals, while USOI is Commodities. They also come from different issuers: First Trust and Credit Suisse.
USOI currently has the higher Sharpe Ratio (2.23 vs 1.06), 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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