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 -73.93% vs -1.90% for FIAT. At a 0.11 correlation, their price movements are largely independent. 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 -61.34% return, which is significantly lower than FIAT's 13.21% return.
OILD
- 1D
- -0.10%
- 1M
- 3.58%
- YTD
- -61.34%
- 6M
- -58.10%
- 1Y
- -73.93%
- 3Y*
- -48.52%
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- -0.56%
- 1M
- 13.73%
- YTD
- 13.21%
- 6M
- 31.80%
- 1Y
- -1.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.34% | -41.67% | 9.18% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.21% | -24.17% | -28.61% |
Correlation
The correlation between OILD and FIAT is 0.00, 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | 0.11 |
The correlation between OILD and FIAT shifts across timeframes, from 0.00 (1 year) to 0.11 (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.
| OILD | FIAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.04 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.05 | -0.91 |
| Martin ratioReturn relative to average drawdown | -1.58 | -0.07 | -1.51 |
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 | FIAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | -0.03 | -1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.38 | -0.38 |
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 | -77.40% | -42.26% | -35.14% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | — | — |
Current DrawdownCurrent decline from peak | -98.74% | -51.21% | -47.53% |
Average DrawdownAverage peak-to-trough decline | -88.65% | -45.36% | -43.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.83% | 27.35% | +19.48% |
Volatility
OILD vs. FIAT - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to YieldMax Short COIN Option Income Strategy ETF (FIAT) at 15.31%. 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 | 24.24% | 15.31% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 48.36% | 42.02% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.04% | 55.36% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.35% | 60.50% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.35% | 60.50% | +18.85% |
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 96.37%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 96.37% | 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 0.00, 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 FIAT (15.31%). In terms of maximum drawdown, OILD dropped -98.90% vs FIAT's -70.50%.
On 1-year performance, FIAT leads with -1.90% vs -73.93% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, FIAT has been the lower-risk option at 15.31%. 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 -1.90% return vs -73.93%. 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 96.37%, 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 (-0.03 vs -1.22), 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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