Correlation
The correlation between OILD and OILU is -0.38. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
OILD vs. OILU
Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
OILD and OILU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX Microsectors that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILD or OILU.
Performance
OILD vs. OILU - Performance Comparison
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Key characteristics
OILD:
-0.03
OILU:
-0.65
OILD:
0.59
OILU:
-0.66
OILD:
1.07
OILU:
0.91
OILD:
-0.01
OILU:
-0.64
OILD:
-0.05
OILU:
-1.66
OILD:
21.35%
OILU:
31.01%
OILD:
77.43%
OILU:
77.87%
OILD:
-96.01%
OILU:
-81.00%
OILD:
-95.14%
OILU:
-76.71%
Returns By Period
In the year-to-date period, OILD achieves a -12.93% return, which is significantly higher than OILU's -27.70% return.
OILD
-12.93%
-4.39%
11.24%
-2.68%
-27.80%
N/A
N/A
OILU
-27.70%
0.20%
-45.40%
-50.52%
-36.25%
N/A
N/A
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OILD vs. OILU - Expense Ratio Comparison
Both OILD and OILU have an expense ratio of 0.95%.
Risk-Adjusted Performance
OILD vs. OILU — Risk-Adjusted Performance Rank
OILD
OILU
OILD vs. OILU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
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Dividends
OILD vs. OILU - Dividend Comparison
Neither OILD nor OILU has paid dividends to shareholders.
Drawdowns
OILD vs. OILU - Drawdown Comparison
The maximum OILD drawdown since its inception was -96.01%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for OILD and OILU.
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Volatility
OILD vs. OILU - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) have volatilities of 18.30% and 17.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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