OILD vs. AIPI

Last updated Jun 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while AIPI is a Derivative Income fund actively managed by REX. OILD is passively managed, while AIPI is actively managed. Over the past year, OILD returned -73.93% vs 29.84% for AIPI. At a correlation of -0.09, they often move in opposite directions. OILD charges 0.95%/yr vs 0.65%/yr for AIPI.

Performance

OILD vs. AIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and REX AI Equity Premium Income ETF (AIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILD achieves a -61.34% return, which is significantly lower than AIPI's 10.97% return.

OILD

• 1D: -0.10%
• 1M: 3.58%
• YTD: -61.34%
• 6M: -58.10%
• 1Y: -73.93%
• 3Y*: -48.52%
• 5Y*: —
• 10Y*: —

AIPI

• 1D: 0.26%
• 1M: 9.17%
• YTD: 10.97%
• 6M: 9.91%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILD vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-61.34%	-41.67%	9.02%
AIPI REX AI Equity Premium Income ETF	10.97%	16.38%	15.36%

Correlation

The correlation between OILD and AIPI is 0.09, 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	0.09
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	-0.09

The correlation between OILD and AIPI shifts across timeframes, from -0.09 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

OILD vs. AIPI - Sectors Allocation Comparison

Sectors	OILD	AIPI
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	5.9%
Consumer Cyclical	-	3.2%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	90.9%
Utilities	-	-

Return for Risk

OILD vs. AIPI — Risk / Return Rank

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

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 0
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

AIPI

AIPI Risk / Return Rank: 50
AIPI Sharpe Ratio Rank: 56
AIPI Sortino Ratio Rank: 51
AIPI Omega Ratio Rank: 56
AIPI Calmar Ratio Rank: 43
AIPI Martin Ratio Rank: 41

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.

OILD vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and REX AI Equity Premium Income ETF (AIPI). 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.

	OILD	AIPI	Difference
Sharpe ratio: Return per unit of total volatility	-1.22	1.88	-3.10
Sortino ratio: Return per unit of downside risk	-2.57	2.46	-5.04
Omega ratio: Gain probability vs. loss probability	0.74	1.34	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.96	2.08	-3.04
Martin ratio: Return relative to average drawdown	-1.58	6.46	-8.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILD vs. AIPI - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.22, which is lower than the AIPI Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of OILD and AIPI, 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

	OILD	AIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.22	1.88	-3.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	1.04	-1.79

Drawdowns

OILD vs. AIPI - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for OILD and AIPI.

Drawdown Indicators

	OILD	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-25.25%	-73.65%
Max Drawdown (1Y) Largest decline over 1 year	-77.40%	-14.40%	-63.00%
Max Drawdown (3Y) Largest decline over 3 years	-88.53%	—	—
Current Drawdown Current decline from peak	-98.74%	-0.55%	-98.19%
Average Drawdown Average peak-to-trough decline	-88.65%	-4.65%	-84.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.83%	4.63%	+42.20%

Volatility

OILD vs. AIPI - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to REX AI Equity Premium Income ETF (AIPI) at 2.86%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILD	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.24%	2.86%	+21.38%
Volatility (6M) Calculated over the trailing 6-month period	48.36%	12.91%	+35.45%
Volatility (1Y) Calculated over the trailing 1-year period	61.04%	15.91%	+45.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	21.37%	+57.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	21.37%	+57.98%

OILD vs. AIPI - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is higher than AIPI's 0.65% expense ratio.

Dividends

OILD vs. AIPI - Dividend Comparison

OILD has not paid dividends to shareholders, while AIPI's dividend yield for the trailing twelve months is around 34.72%.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	34.72%	37.84%	18.13%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILD and AIPI in my portfolio?

OILD and AIPI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or AIPI?

OILD has higher volatility (24.24%) compared to AIPI (2.86%). In terms of maximum drawdown, OILD dropped -98.90% vs AIPI's -25.25%.

Which ETF is better, OILD or AIPI?

On 1-year performance, AIPI leads with 29.84% vs -73.93% for OILD. On fees, AIPI is cheaper at 0.65% per year. On volatility, AIPI has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or AIPI?

Over the 1-year period, AIPI has performed better with a 29.84% return vs -73.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or AIPI?

AIPI is cheaper with a 0.65% expense ratio, compared with 0.95% for OILD.

Which ETF pays a higher dividend yield, OILD or AIPI?

AIPI has the higher dividend yield at 34.72%, compared with 0.00% for OILD.

What is the main difference between OILD and AIPI?

OILD is categorized as Inverse Equities, while AIPI is Derivative Income. Their fees differ too: 0.95% for OILD and 0.65% for AIPI.

Which has better risk-adjusted returns?

AIPI currently has the higher Sharpe Ratio (1.88 vs -1.22), 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.