OILD vs. CARD

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD).

OILD and CARD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. CARD is a passively managed fund by Max that tracks the performance of the Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on Jun 27, 2023. Both OILD and CARD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

OILD vs. CARD - 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 Max Auto Industry -3X Inverse Leveraged ETN (CARD). The values are adjusted to include any dividend payments, if applicable.

OILD vs. CARD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-59.82%	-41.67%	-14.58%	-25.58%
CARD Max Auto Industry -3X Inverse Leveraged ETN	24.67%	-60.21%	-58.19%	-30.38%

Returns By Period

In the year-to-date period, OILD achieves a -59.82% return, which is significantly lower than CARD's 24.67% return.

OILD

• 1D: 10.51%
• 1M: -15.65%
• YTD: -59.82%
• 6M: -61.74%
• 1Y: -67.52%
• 3Y*: -46.53%
• 5Y*: —
• 10Y*: —

CARD

• 1D: -1.85%
• 1M: 12.54%
• YTD: 24.67%
• 6M: 27.27%
• 1Y: -53.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILD vs. CARD - Expense Ratio Comparison

Both OILD and CARD have an expense ratio of 0.95%.

OILD

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs

CARD

Max Auto Industry -3X Inverse Leveraged ETN

Return for Risk

OILD vs. CARD — 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: 1
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 2

CARD

CARD Risk / Return Rank: 3
CARD Sharpe Ratio Rank: 3
CARD Sortino Ratio Rank: 3
CARD Omega Ratio Rank: 3
CARD Calmar Ratio Rank: 2
CARD Martin Ratio Rank: 5

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. 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.

	OILD	CARD	Difference
Sharpe ratio Return per unit of total volatility	-0.88	-0.65	-0.23
Sortino ratio Return per unit of downside risk	-1.62	-0.66	-0.96
Omega ratio Gain probability vs. loss probability	0.82	0.92	-0.10
Calmar ratio Return relative to maximum drawdown	-0.80	-0.71	-0.09
Martin ratio Return relative to average drawdown	-1.29	-0.84	-0.45
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. CARD - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -0.88, which is lower than the CARD Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of OILD and CARD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OILD	CARD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-0.65	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	-0.63	-0.14

Correlation

The correlation between OILD and CARD is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OILD vs. CARD - Dividend Comparison

Neither OILD nor CARD has paid dividends to shareholders.

Tickers have no history of dividend payments

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 -93.51%. Use the drawdown chart below to compare losses from any high point for OILD and CARD.

Drawdown Indicators

	OILD	CARD	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-93.51%	-5.39%
Max Drawdown (1Y) Largest decline over 1 year	-84.54%	-77.41%	-7.13%
Current Drawdown Current decline from peak	-98.69%	-90.63%	-8.06%
Average Drawdown Average peak-to-trough decline	-88.25%	-66.65%	-21.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.71%	65.69%	-12.98%

Volatility

OILD vs. CARD - Volatility Comparison

The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 19.05%, while Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a volatility of 24.83%. 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.

Volatility by Period

	OILD	CARD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.05%	24.83%	-5.78%
Volatility (6M) Calculated over the trailing 6-month period	43.16%	52.66%	-9.50%
Volatility (1Y) Calculated over the trailing 1-year period	76.80%	82.45%	-5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.54%	80.91%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.54%	80.91%	-1.37%