OILD vs. FIAT
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while FIAT is a Derivative Income fund actively managed by YieldMax. OILD is passively managed, while FIAT is actively managed. Over the past year, OILD returned -70.97% vs 44.42% for FIAT. Their 0.08 correlation means their historical movements had little consistent relationship. OILD charges 0.95%/yr vs 0.99%/yr for FIAT.
Performance
OILD vs. FIAT - 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 FIAT's 18.17% 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%
FIAT
- 1D
- -1.91%
- 1M
- 8.22%
- 6M
- 0.94%
- YTD
- 18.17%
- 1Y
- 44.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -19.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $977.66K | $1.15M | $1.53M | |
| $2.68M | $2.54M | $3.73M |
OILD vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | 7.12% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 18.17% | -24.17% | -28.04% |
Correlation
The correlation between OILD and FIAT is -0.03, 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. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.08 |
The correlation between OILD and FIAT shifts across timeframes, from -0.03 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. FIAT — Risk / Return Rank
OILD
FIAT
OILD vs. FIAT - 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 YieldMax Short COIN Option Income Strategy ETF (FIAT). 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 | FIAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.18 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.30 | -2.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | 2.69 | -4.11 |
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Drawdowns
OILD vs. FIAT - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than FIAT's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for OILD and FIAT.
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Drawdown Indicators
| OILD | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -70.50% | -28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -34.22% | -40.31% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | — | — |
Current DrawdownCurrent decline from peak | -98.80% | -49.07% | -49.73% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -45.70% | -43.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 16.59% | +33.41% |
Volatility
OILD vs. FIAT - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to YieldMax Short COIN Option Income Strategy ETF (FIAT) at 15.61%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than FIAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.27% | 15.61% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 45.12% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 53.34% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 60.02% | +19.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 60.02% | +19.02% |
OILD vs. FIAT - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than FIAT's 0.99% expense ratio.
Dividends
OILD vs. FIAT - Dividend Comparison
OILD has not paid dividends to shareholders, while FIAT's dividend yield for the trailing twelve months is around 102.76%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 102.76% | 178.11% | 70.99% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OILD and FIAT 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 (20.27%) compared to FIAT (15.61%). In terms of maximum drawdown, OILD dropped -98.90% vs FIAT's -70.50%.
On 1-year performance, FIAT leads with 44.42% vs -70.97% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, FIAT has been the lower-risk option at 15.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIAT has performed better with a 44.42% return vs -70.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD is cheaper with a 0.95% expense ratio, compared with 0.99% for FIAT.
FIAT has the higher dividend yield at 102.76%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while FIAT is Derivative Income. They also come from different issuers: REX and YieldMax. Their fees differ too: 0.95% for OILD and 0.99% for FIAT.
FIAT currently has the higher Sharpe Ratio (0.84 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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