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 Cryptocurrency fund actively managed by REX. OILD is passively managed, while CEPI is actively managed. Over the past year, OILD returned -72.54% vs 34.07% for CEPI. At a correlation of -0.14, they often move in opposite directions. 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 -61.30% return, which is significantly lower than CEPI's 20.71% return.
OILD
- 1D
- -3.52%
- 1M
- 4.33%
- YTD
- -61.30%
- 6M
- -58.58%
- 1Y
- -72.54%
- 3Y*
- -48.14%
- 5Y*
- —
- 10Y*
- —
CEPI
- 1D
- -1.35%
- 1M
- 7.21%
- YTD
- 20.71%
- 6M
- 18.40%
- 1Y
- 34.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD vs. CEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.30% | -41.67% | 18.26% |
CEPI REX Crypto Equity Premium Income ETF | 20.71% | 10.75% | -9.02% |
Correlation
The correlation between OILD and CEPI is 0.03, 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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | -0.14 |
The correlation between OILD and CEPI shifts across timeframes, from -0.14 (all time) to 0.03 (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.
| OILD | CEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.24 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 1.52 | -2.46 |
| Martin ratioReturn relative to average drawdown | -1.56 | 3.62 | -5.18 |
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 | CEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.19 | 1.28 | -2.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | 0.45 | -1.20 |
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 | -77.40% | -22.47% | -54.93% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | — | — |
Current DrawdownCurrent decline from peak | -98.74% | -2.08% | -96.66% |
Average DrawdownAverage peak-to-trough decline | -88.64% | -8.65% | -79.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.59% | 9.43% | +37.16% |
Volatility
OILD vs. CEPI - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to REX Crypto Equity Premium Income ETF (CEPI) at 5.92%. 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 | 24.24% | 5.92% | +18.32% |
Volatility (6M)Calculated over the trailing 6-month period | 48.55% | 20.94% | +27.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.12% | 26.79% | +34.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.39% | 31.57% | +47.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.39% | 31.57% | +47.82% |
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 42.71%.
| Position | TTM | 2025 |
|---|---|---|
CEPI REX Crypto Equity Premium Income ETF | 42.71% | 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 0.03, 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 CEPI (5.92%). In terms of maximum drawdown, OILD dropped -98.90% vs CEPI's -29.48%.
On 1-year performance, CEPI leads with 34.07% vs -72.54% for OILD. On fees, CEPI is cheaper at 0.85% per year. On volatility, CEPI has been the lower-risk option at 5.92%. 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 34.07% return vs -72.54%. 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 42.71%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while CEPI is Cryptocurrency. Their fees differ too: 0.95% for OILD and 0.85% for CEPI.
CEPI currently has the higher Sharpe Ratio (1.28 vs -1.19), 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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