OILD vs. CARD
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds - OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%) while CARD tracks the Prime Auto Industry Index - Benchmark TR Net (--300%). Both are passively managed. Over the past 3 years, OILD returned -43.16%/yr vs -49.61%/yr for CARD. Their 0.17 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
OILD vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -63.45% return, which is significantly lower than CARD's -11.90% return.
OILD
- 1D
- 4.21%
- 1M
- -28.89%
- 6M
- -48.67%
- YTD
- -63.45%
- 1Y
- -71.00%
- 3Y*
- -43.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -59.00%
CARD
- 1D
- -3.27%
- 1M
- -1.66%
- 6M
- -9.54%
- YTD
- -11.90%
- 1Y
- -40.90%
- 3Y*
- -49.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.40K | $47.06K | $45.44K | |
| $2.57M | $2.54M | $3.90M |
OILD vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -63.45% | -41.67% | -14.58% | -27.30% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | -11.90% | -60.21% | -58.19% | -32.77% |
Correlation
The correlation between OILD and CARD is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.17 |
The correlation between OILD and CARD shifts across timeframes, from -0.16 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. CARD — Risk / Return Rank
OILD
CARD
OILD vs. CARD - 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 Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OILD | CARD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.94 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.94 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.43 | -1.47 | +0.04 |
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Drawdowns
OILD vs. CARD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than CARD's maximum drawdown of -93.74%. Use the drawdown chart below to compare losses from any high point for OILD and CARD.
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Drawdown Indicators
| OILD | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -93.74% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -43.65% | -30.88% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | -93.74% | +8.32% |
Current DrawdownCurrent decline from peak | -98.81% | -93.38% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -88.91% | -69.59% | -19.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.79% | 29.28% | +20.51% |
Volatility
OILD vs. CARD - Volatility Comparison
The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 20.15%, while Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a volatility of 23.55%. This indicates that OILD experiences smaller price fluctuations and is considered to be less risky than CARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.15% | 23.55% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 50.57% | 54.51% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.47% | 72.06% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.07% | 80.48% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.07% | 80.48% | -1.41% |
OILD vs. CARD - Expense Ratio Comparison
Both OILD and CARD have an expense ratio of 0.95%.
Dividends
OILD vs. CARD - Dividend Comparison
Neither OILD nor CARD has paid dividends to shareholders.
Frequently Asked Questions
OILD and CARD have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARD has higher volatility (23.55%) compared to OILD (20.15%). In terms of maximum drawdown, OILD dropped -98.90% vs CARD's -93.74%.
On 3-year performance, OILD leads with -43.16% vs -49.61% for CARD. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 20.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILD has performed better with a -43.16% return vs -49.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD and CARD have the same expense ratio: 0.95% per year.
OILD and CARD have nearly identical dividend yields, around 0.00%.
OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while CARD tracks Prime Auto Industry Index - Benchmark TR Net (--300%). They also come from different issuers: REX and Max.
CARD currently has the higher Sharpe Ratio (-0.57 vs -1.12), 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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