OILD vs. FEPI
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and FEPI (REX FANG & Innovation 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 FEPI is a Derivative Income fund actively managed by REX. OILD is passively managed, while FEPI is actively managed. Over the past year, OILD returned -70.97% vs 16.14% for FEPI. Their -0.03 correlation means they have often moved in opposite directions in the past. OILD charges 0.95%/yr vs 0.65%/yr for FEPI.
Performance
OILD vs. FEPI - 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 FEPI's 4.67% 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%
FEPI
- 1D
- 3.52%
- 1M
- 1.52%
- 6M
- 7.30%
- YTD
- 4.67%
- 1Y
- 16.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.37M | $8.47M | $9.47M | |
| $2.68M | $2.54M | $3.73M |
OILD vs. FEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | -14.58% | 12.58% |
FEPI REX FANG & Innovation Equity Premium Income ETF | 4.67% | 18.33% | 15.69% | 11.75% |
Correlation
The correlation between OILD and FEPI is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.03 |
The correlation between OILD and FEPI shifts across timeframes, from -0.03 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
OILD vs. FEPI - Sectors Allocation Comparison
Sectors
OILD
FEPI
Energy
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Energy
OILD
FEPI
-
Basic Materials
OILD
-
FEPI
-
Communication Services
OILD
-
FEPI
Consumer Cyclical
OILD
-
FEPI
Consumer Defensive
OILD
-
FEPI
-
Financial Services
OILD
-
FEPI
-
Healthcare
OILD
-
FEPI
-
Industrials
OILD
-
FEPI
-
Real Estate
OILD
-
FEPI
-
Technology
OILD
-
FEPI
Utilities
OILD
-
FEPI
-
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Return for Risk
OILD vs. FEPI — Risk / Return Rank
OILD
FEPI
OILD vs. FEPI - 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 FANG & Innovation Equity Premium Income ETF (FEPI). 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 | FEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.16 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.08 | -2.04 |
| Martin ratioReturn relative to average drawdown | -1.42 | 3.21 | -4.63 |
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Drawdowns
OILD vs. FEPI - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for OILD and FEPI.
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Drawdown Indicators
| OILD | FEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -23.56% | -75.34% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -14.96% | -59.57% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | — | — |
Current DrawdownCurrent decline from peak | -98.80% | -6.59% | -92.21% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -3.74% | -85.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 5.04% | +44.96% |
Volatility
OILD vs. FEPI - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 8.41%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | FEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | 8.41% | +11.86% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 16.15% | +33.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 19.70% | +43.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 19.67% | +59.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 19.67% | +59.37% |
OILD vs. FEPI - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is higher than FEPI's 0.65% expense ratio.
Dividends
OILD vs. FEPI - Dividend Comparison
OILD has not paid dividends to shareholders, while FEPI's dividend yield for the trailing twelve months is around 25.53%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FEPI REX FANG & Innovation Equity Premium Income ETF | 25.53% | 25.48% | 27.18% | 4.21% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OILD and FEPI have a correlation of 0.17, 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 FEPI (8.41%). In terms of maximum drawdown, OILD dropped -98.90% vs FEPI's -23.56%.
On 1-year performance, FEPI leads with 16.14% vs -70.97% for OILD. On fees, FEPI is cheaper at 0.65% per year. On volatility, FEPI has been the lower-risk option at 8.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FEPI has performed better with a 16.14% return vs -70.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEPI is cheaper with a 0.65% expense ratio, compared with 0.95% for OILD.
FEPI has the higher dividend yield at 25.53%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while FEPI is Derivative Income. Their fees differ too: 0.95% for OILD and 0.65% for FEPI.
FEPI currently has the higher Sharpe Ratio (0.83 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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