OILD vs. YXI
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 3 years, OILD returned -44.53%/yr vs -9.65%/yr for YXI. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
OILD vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -49.72% return, which is significantly lower than YXI's 18.26% return.
OILD
- 1D
- 5.75%
- 1M
- 33.56%
- YTD
- -49.72%
- 6M
- -50.82%
- 1Y
- -61.14%
- 3Y*
- -44.53%
- 5Y*
- —
- 10Y*
- —
YXI
- 1D
- 1.68%
- 1M
- 9.19%
- YTD
- 18.26%
- 6M
- 18.90%
- 1Y
- 13.74%
- 3Y*
- -9.65%
- 5Y*
- -0.64%
- 10Y*
- -7.62%
OILD vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -49.72% | -41.67% | -14.58% | -19.58% | -90.32% | 3.83% |
YXI ProShares Short FTSE China 50 | 18.26% | -22.87% | -25.36% | 12.40% | 4.78% | 6.10% |
Correlation
The correlation between OILD and YXI is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.20 |
The correlation between OILD and YXI shifts across timeframes, from 0.04 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. YXI — Risk / Return Rank
OILD
YXI
OILD vs. YXI - 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 ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.13 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.11 | -1.93 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.14 | -3.51 |
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Drawdowns
OILD vs. YXI - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for OILD and YXI.
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Drawdown Indicators
| OILD | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -81.15% | -17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -12.48% | -62.05% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -53.12% | -34.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.92% | — |
Current DrawdownCurrent decline from peak | -98.36% | -75.85% | -22.51% |
Average DrawdownAverage peak-to-trough decline | -88.68% | -54.37% | -34.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.62% | 6.43% | +38.19% |
Volatility
OILD vs. YXI - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.77% compared to ProShares Short FTSE China 50 (YXI) at 6.72%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.77% | 6.72% | +15.05% |
Volatility (6M)Calculated over the trailing 6-month period | 49.80% | 15.53% | +34.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.42% | 20.14% | +42.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.39% | 31.48% | +47.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.39% | 27.43% | +51.96% |
OILD vs. YXI - Expense Ratio Comparison
Both OILD and YXI have an expense ratio of 0.95%.
Dividends
OILD vs. YXI - Dividend Comparison
OILD has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 1.87% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
OILD and YXI have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (21.77%) compared to YXI (6.72%). In terms of maximum drawdown, OILD dropped -98.90% vs YXI's -81.15%.
On 3-year performance, YXI leads with -9.65% vs -44.53% for OILD. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 6.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YXI has performed better with a -9.65% return vs -44.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD and YXI have the same expense ratio: 0.95% per year.
YXI has the higher dividend yield at 2.60%, compared with 0.00% for OILD.
OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: REX and ProShares.
YXI currently has the higher Sharpe Ratio (0.69 vs -0.98), 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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