IVES vs. USOI

Last updated Jun 5, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence 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, IVES returned 57.58% vs 46.39% for USOI. At a correlation of -0.14, they often move in opposite directions. IVES charges 0.75%/yr vs 0.85%/yr for USOI.

Performance

IVES vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 26.00% return, which is significantly lower than USOI's 47.45% return.

IVES

• 1D: -0.90%
• 1M: 16.50%
• YTD: 26.00%
• 6M: 22.83%
• 1Y: 57.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOI

• 1D: -2.04%
• 1M: 0.59%
• YTD: 47.45%
• 6M: 44.00%
• 1Y: 46.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVES vs. USOI - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	26.00%	25.06%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	47.45%	-0.72%

Correlation

The correlation between IVES and USOI is -0.14, 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 (All Time) Calculated using the full available price history since Jun 5, 2025	-0.14

Return for Risk

IVES vs. USOI — Risk / Return Rank

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

USOI

USOI Risk / Return Rank: 62
USOI Sharpe Ratio Rank: 63
USOI Sortino Ratio Rank: 58
USOI Omega Ratio Rank: 57
USOI Calmar Ratio Rank: 78
USOI Martin Ratio Rank: 54

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.

IVES vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	USOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	0.89	+1.37

Drawdowns

IVES vs. USOI - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, which is greater than USOI's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for IVES and USOI.

Drawdown Indicators

	IVES	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-19.49%	-3.15%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	-11.90%	-10.74%
Current Drawdown Current decline from peak	-4.55%	-5.06%	+0.51%
Average Drawdown Average peak-to-trough decline	-5.62%	-7.20%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.13%	—

Volatility

Volatility by Period

	IVES	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.74%	22.46%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	22.61%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	22.61%	+3.13%

IVES vs. USOI - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is lower than USOI's 0.85% expense ratio.

Dividends

IVES vs. USOI - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than USOI's 37.65% yield.

Position	TTM	2025	2024
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	37.65%	27.21%	12.54%

Frequently Asked Questions

Can I hold both IVES and USOI in my portfolio?

IVES and USOI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or USOI?

On 1-year performance, IVES leads with 57.58% vs 46.39% for USOI. On fees, IVES is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVES or USOI?

Over the 1-year period, IVES has performed better with a 57.58% return vs 46.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVES or USOI?

IVES is cheaper with a 0.75% expense ratio, compared with 0.85% for USOI.

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

USOI has the higher dividend yield at 37.65%, compared with 0.33% for IVES.

What is the main difference between IVES and USOI?

IVES is categorized as Technology Equities, while USOI is Commodities. IVES tracks Solactive Wedbush Artificial Intelligence Index, while USOI tracks Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. They also come from different issuers: Wedbush and Credit Suisse. Their fees differ too: 0.75% for IVES and 0.85% for USOI.