OILD vs. EIPX

Last updated Jun 23, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and EIPX (FT Energy Income Partners Strategy ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while EIPX is a Energy Equities fund actively managed by First Trust. OILD is passively managed, while EIPX is actively managed. Over the past 3 years, OILD returned -45.26%/yr vs 20.84%/yr for EIPX. At a correlation of -0.85, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

OILD vs. EIPX - 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 FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILD achieves a -51.67% return, which is significantly lower than EIPX's 19.71% return.

OILD

• 1D: -4.08%
• 1M: 28.36%
• YTD: -51.67%
• 6M: -53.32%
• 1Y: -58.26%
• 3Y*: -45.26%
• 5Y*: —
• 10Y*: —

EIPX

• 1D: 0.83%
• 1M: -4.15%
• YTD: 19.71%
• 6M: 20.38%
• 1Y: 24.65%
• 3Y*: 20.84%
• 5Y*: —
• 10Y*: —

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

OILD vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-51.67%	-41.67%	-14.58%	-19.58%	-0.86%
EIPX FT Energy Income Partners Strategy ETF	19.71%	11.44%	19.11%	10.74%	1.77%

Correlation

The correlation between OILD and EIPX is -0.81, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.81
Correlation (3Y) Calculated over the trailing 3-year period	-0.83
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	-0.85

The correlation between OILD and EIPX has been stable across timeframes, ranging from -0.85 to -0.81 - a consistent structural relationship.

OILD vs. EIPX - Sectors Allocation Comparison

Sectors	OILD	EIPX
Energy	100.0%	68.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	4.8%
Real Estate	-	-
Technology	-	0.3%
Utilities	-	26.4%

Return for Risk

OILD vs. EIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILD

OILD Risk / Return Rank: 2
OILD Sharpe Ratio Rank: 2
OILD Sortino Ratio Rank: 1
OILD Omega Ratio Rank: 2
OILD Calmar Ratio Rank: 2
OILD Martin Ratio Rank: 2

EIPX

EIPX Risk / Return Rank: 75
EIPX Sharpe Ratio Rank: 72
EIPX Sortino Ratio Rank: 74
EIPX Omega Ratio Rank: 65
EIPX Calmar Ratio Rank: 87
EIPX Martin Ratio Rank: 80

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. EIPX - 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 FT Energy Income Partners Strategy ETF (EIPX). 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	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	2.23	-3.16
Sortino ratio: Return per unit of downside risk	-1.53	3.18	-4.72
Omega ratio: Gain probability vs. loss probability	0.84	1.37	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.78	4.79	-5.57
Martin ratio: Return relative to average drawdown	-1.32	14.89	-16.21

OILD vs. EIPX - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -0.93, which is lower than the EIPX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of OILD and EIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OILD vs. EIPX - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for OILD and EIPX.

Drawdown Indicators

	OILD	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-15.43%	-83.47%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	-5.17%	-69.36%
Max Drawdown (3Y) Largest decline over 3 years	-88.53%	-15.43%	-73.10%
Current Drawdown Current decline from peak	-98.43%	-4.38%	-94.05%
Average Drawdown Average peak-to-trough decline	-88.66%	-2.28%	-86.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.27%	1.67%	+42.60%

Volatility

OILD vs. EIPX - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.38% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.41%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILD	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.38%	3.41%	+17.97%
Volatility (6M) Calculated over the trailing 6-month period	49.66%	8.42%	+41.24%
Volatility (1Y) Calculated over the trailing 1-year period	62.70%	11.15%	+51.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.40%	15.02%	+64.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.40%	15.02%	+64.38%

OILD vs. EIPX - Expense Ratio Comparison

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

Dividends

OILD vs. EIPX - Dividend Comparison

OILD has not paid dividends to shareholders, while EIPX's dividend yield for the trailing twelve months is around 2.73%.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.73%	3.23%	3.27%	3.48%	0.34%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILD and EIPX in my portfolio?

OILD and EIPX have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or EIPX?

OILD has higher volatility (21.38%) compared to EIPX (3.41%). In terms of maximum drawdown, OILD dropped -98.90% vs EIPX's -15.43%.

Which ETF is better, OILD or EIPX?

On 3-year performance, EIPX leads with 20.84% vs -45.26% for OILD. Both ETFs have the same 0.95% expense ratio. On volatility, EIPX has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or EIPX?

Over the 3-year period, EIPX has performed better with a 20.84% return vs -45.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or EIPX?

OILD and EIPX have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, OILD or EIPX?

EIPX has the higher dividend yield at 2.73%, compared with 0.00% for OILD.

What is the main difference between OILD and EIPX?

OILD is categorized as Inverse Equities, while EIPX is Energy Equities. They also come from different issuers: REX and First Trust.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.23 vs -0.93), 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.