OILD vs. CEPI
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and CEPI (REX Crypto 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 CEPI is a Derivative Income fund actively managed by REX. OILD is passively managed, while CEPI is actively managed. Over the past year, OILD returned -70.97% vs 21.57% for CEPI. Their -0.09 correlation means they have often moved in opposite directions in the past. OILD charges 0.95%/yr vs 0.85%/yr for CEPI.
Performance
OILD vs. CEPI - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -62.98% return, which is significantly lower than CEPI's 18.92% return.
OILD
- 1D
- 1.27%
- 1M
- -27.98%
- 6M
- -43.08%
- YTD
- -62.98%
- 1Y
- -70.97%
- 3Y*
- -42.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.87%
CEPI
- 1D
- 1.25%
- 1M
- 2.09%
- 6M
- 17.67%
- YTD
- 18.92%
- 1Y
- 21.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.26M | $1.60M | |
| $2.68M | $2.54M | $3.73M |
OILD vs. CEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | 25.92% |
CEPI REX Crypto Equity Premium Income ETF | 18.92% | 10.75% | -7.02% |
Correlation
The correlation between OILD and CEPI is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | -0.09 |
The correlation between OILD and CEPI shifts across timeframes, from -0.09 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. CEPI — Risk / Return Rank
OILD
CEPI
OILD vs. CEPI - 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 Crypto Equity Premium Income ETF (CEPI). 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 | CEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.15 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 0.96 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.42 | 2.24 | -3.66 |
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Drawdowns
OILD vs. CEPI - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for OILD and CEPI.
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Drawdown Indicators
| OILD | CEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -29.48% | -69.42% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -22.47% | -52.06% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | — | — |
Current DrawdownCurrent decline from peak | -98.80% | -4.56% | -94.24% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -8.22% | -80.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 9.65% | +40.35% |
Volatility
OILD vs. CEPI - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to REX Crypto Equity Premium Income ETF (CEPI) at 11.17%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | CEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | 11.17% | +9.10% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 23.73% | +26.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 29.34% | +34.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 31.88% | +47.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 31.88% | +47.16% |
OILD vs. CEPI - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is higher than CEPI's 0.85% expense ratio.
Dividends
OILD vs. CEPI - Dividend Comparison
OILD has not paid dividends to shareholders, while CEPI's dividend yield for the trailing twelve months is around 44.15%.
| Position | TTM | 2025 |
|---|---|---|
CEPI REX Crypto Equity Premium Income ETF | 44.15% | 50.78% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
Frequently Asked Questions
OILD and CEPI 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.
OILD has higher volatility (20.27%) compared to CEPI (11.17%). In terms of maximum drawdown, OILD dropped -98.90% vs CEPI's -29.48%.
On 1-year performance, CEPI leads with 21.57% vs -70.97% for OILD. On fees, CEPI is cheaper at 0.85% per year. On volatility, CEPI has been the lower-risk option at 11.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEPI has performed better with a 21.57% return vs -70.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEPI is cheaper with a 0.85% expense ratio, compared with 0.95% for OILD.
CEPI has the higher dividend yield at 44.15%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while CEPI is Derivative Income. Their fees differ too: 0.95% for OILD and 0.85% for CEPI.
CEPI currently has the higher Sharpe Ratio (0.74 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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