OILD vs. BRKD
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds - OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, OILD returned -73.93% vs 6.26% for BRKD. At a 0.17 correlation, their price movements are largely independent. OILD charges 0.95%/yr vs 1.00%/yr for BRKD.
Performance
OILD vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -61.34% return, which is significantly lower than BRKD's 5.90% return.
OILD
- 1D
- -0.10%
- 1M
- 3.58%
- YTD
- -61.34%
- 6M
- -58.10%
- 1Y
- -73.93%
- 3Y*
- -48.52%
- 5Y*
- —
- 10Y*
- —
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.21%
- 1Y
- 6.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.34% | -41.67% | 12.06% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
Correlation
The correlation between OILD and BRKD is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.17 |
The correlation between OILD and BRKD shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. BRKD — Risk / Return Rank
OILD
BRKD
OILD vs. BRKD - 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 Direxion Daily BRKB Bear 1X Shares (BRKD). 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 | BRKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.10 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.67 | -1.63 |
| Martin ratioReturn relative to average drawdown | -1.58 | 1.31 | -2.89 |
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
| OILD | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | 0.48 | -1.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | 0.04 | -0.79 |
Drawdowns
OILD vs. BRKD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for OILD and BRKD.
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Drawdown Indicators
| OILD | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -17.92% | -80.98% |
Max Drawdown (1Y)Largest decline over 1 year | -77.40% | -9.34% | -68.06% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | — | — |
Current DrawdownCurrent decline from peak | -98.74% | -3.69% | -95.05% |
Average DrawdownAverage peak-to-trough decline | -88.65% | -7.73% | -80.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.83% | 4.78% | +42.05% |
Volatility
OILD vs. BRKD - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.24% | 0.00% | +24.24% |
Volatility (6M)Calculated over the trailing 6-month period | 48.36% | 9.20% | +39.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.04% | 13.32% | +47.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.35% | 17.23% | +62.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.35% | 17.23% | +62.12% |
OILD vs. BRKD - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than BRKD's 1.00% expense ratio.
Dividends
OILD vs. BRKD - Dividend Comparison
OILD has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
Frequently Asked Questions
OILD and BRKD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (24.24%) compared to BRKD (0.00%). In terms of maximum drawdown, OILD dropped -98.90% vs BRKD's -17.92%.
On 1-year performance, BRKD leads with 6.26% vs -73.93% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRKD has performed better with a 6.26% return vs -73.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD is cheaper with a 0.95% expense ratio, compared with 1.00% for BRKD.
BRKD has the higher dividend yield at 2.82%, compared with 0.00% for OILD.
OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for OILD and 1.00% for BRKD.
BRKD currently has the higher Sharpe Ratio (0.48 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.
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