OILU vs. OILD
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). Over the past 3 years, OILU returned 11.50%/yr vs -48.52%/yr for OILD. At a correlation of -0.99, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
OILU vs. OILD - Performance Comparison
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Returns By Period
In the year-to-date period, OILU achieves a 96.66% return, which is significantly higher than OILD's -61.34% return.
OILU
- 1D
- 0.07%
- 1M
- -9.58%
- YTD
- 96.66%
- 6M
- 75.27%
- 1Y
- 128.74%
- 3Y*
- 11.50%
- 5Y*
- —
- 10Y*
- —
OILD
- 1D
- -0.10%
- 1M
- 3.58%
- YTD
- -61.34%
- 6M
- -58.10%
- 1Y
- -73.93%
- 3Y*
- -48.52%
- 5Y*
- —
- 10Y*
- —
OILU vs. OILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 96.66% | -16.50% | -21.65% | -32.50% | 151.08% | -17.87% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.34% | -41.67% | -14.58% | -19.58% | -90.32% | 5.20% |
Correlation
The correlation between OILU and OILD is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | -0.99 |
The correlation between OILU and OILD has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
OILU vs. OILD - Sectors Allocation Comparison
Sectors
OILU
OILD
Energy
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
OILU
OILD
Basic Materials
OILU
-
OILD
-
Communication Services
OILU
-
OILD
-
Consumer Cyclical
OILU
-
OILD
-
Consumer Defensive
OILU
-
OILD
-
Financial Services
OILU
-
OILD
-
Healthcare
OILU
-
OILD
-
Industrials
OILU
-
OILD
-
Real Estate
OILU
-
OILD
-
Technology
OILU
-
OILD
-
Utilities
OILU
-
OILD
-
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Return for Risk
OILU vs. OILD — Risk / Return Rank
OILU
OILD
OILU vs. OILD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). 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.
| OILU | OILD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.74 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | -0.96 | +4.82 |
| Martin ratioReturn relative to average drawdown | 9.65 | -1.58 | +11.23 |
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
| OILU | OILD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | -1.22 | +3.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.75 | +0.92 |
Drawdowns
OILU vs. OILD - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum OILD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for OILU and OILD.
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Drawdown Indicators
| OILU | OILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -98.90% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -33.51% | -77.40% | +43.89% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -88.53% | +19.44% |
Current DrawdownCurrent decline from peak | -47.11% | -98.74% | +51.63% |
Average DrawdownAverage peak-to-trough decline | -50.59% | -88.65% | +38.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.39% | 46.83% | -33.44% |
Volatility
OILU vs. OILD - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) have volatilities of 25.13% and 24.24%, 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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Volatility by Period
| OILU | OILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.13% | 24.24% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 49.75% | 48.36% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.13% | 61.04% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.12% | 79.35% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.12% | 79.35% | +1.77% |
OILU vs. OILD - Expense Ratio Comparison
Both OILU and OILD have an expense ratio of 0.95%.
Dividends
OILU vs. OILD - Dividend Comparison
Neither OILU nor OILD has paid dividends to shareholders.
Frequently Asked Questions
OILU and OILD have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (25.13%) compared to OILD (24.24%). In terms of maximum drawdown, OILU dropped -81.00% vs OILD's -98.90%.
On 3-year performance, OILU leads with 11.50% vs -48.52% for OILD. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 24.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILU has performed better with a 11.50% return vs -48.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU and OILD have the same expense ratio: 0.95% per year.
OILU and OILD have nearly identical dividend yields, around 0.00%.
OILU is categorized as Leveraged Commodities, while OILD is Inverse Equities. They also come from different issuers: BMO and REX.
OILU currently has the higher Sharpe Ratio (2.09 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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