OILU vs. PYLD
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both exchange-traded funds - OILU is a Leveraged Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index, while PYLD is a Multisector Bonds fund actively managed by PIMCO. OILU is passively managed, while PYLD is actively managed. Over the past 3 years, OILU returned 1.15%/yr vs 7.74%/yr for PYLD. Their -0.05 correlation means they have often moved in opposite directions in the past. OILU charges 0.95%/yr vs 0.55%/yr for PYLD.
Performance
OILU vs. PYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OILU achieves a 95.09% return, which is significantly higher than PYLD's 0.83% return.
OILU
- 1D
- 3.79%
- 1M
- 38.67%
- 6M
- 37.11%
- YTD
- 95.09%
- 1Y
- 107.91%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.25%
PYLD
- 1D
- -0.19%
- 1M
- -0.91%
- 6M
- 0.19%
- YTD
- 0.83%
- 1Y
- 4.78%
- 3Y*
- 7.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.21M | $8.45M | $7.94M | |
| $85.99M | $101.13M | $105.82M |
OILU vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 95.09% | -16.50% | -21.65% | 6.80% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 0.83% | 9.57% | 7.69% | 5.46% |
Correlation
The correlation between OILU and PYLD is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | -0.05 |
Over the past year, the inverse relationship between OILU and PYLD has strengthened: their correlation has moved from -0.05 to -0.31, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OILU vs. PYLD — Risk / Return Rank
OILU
PYLD
OILU vs. PYLD - 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 PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.
| OILU | PYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.65 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.11 | 7.13 | -2.02 |
Loading charts...
Drawdowns
OILU vs. PYLD - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for OILU and PYLD.
Loading charts...
Drawdown Indicators
| OILU | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -4.52% | -76.48% |
Max Drawdown (1Y)Largest decline over 1 year | -46.49% | -3.25% | -43.24% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -3.88% | -65.21% |
Current DrawdownCurrent decline from peak | -47.53% | -1.13% | -46.40% |
Average DrawdownAverage peak-to-trough decline | -50.69% | -0.64% | -50.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.88% | 0.75% | +18.13% |
Volatility
OILU vs. PYLD - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 19.22% compared to PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 0.88%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OILU | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 0.88% | +18.34% |
Volatility (6M)Calculated over the trailing 6-month period | 51.99% | 2.73% | +49.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.36% | 3.11% | +61.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.80% | 3.96% | +76.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.80% | 3.96% | +76.84% |
OILU vs. PYLD - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is higher than PYLD's 0.55% expense ratio.
Dividends
OILU vs. PYLD - Dividend Comparison
OILU has not paid dividends to shareholders, while PYLD's dividend yield for the trailing twelve months is around 6.37%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 5.88% | 6.21% | 6.40% | 2.72% |
Frequently Asked Questions
OILU and PYLD have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (19.22%) compared to PYLD (0.88%). In terms of maximum drawdown, OILU dropped -81.00% vs PYLD's -4.52%.
On 3-year performance, PYLD leads with 7.74% vs 1.15% for OILU. On fees, PYLD is cheaper at 0.55% per year. On volatility, PYLD has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PYLD has performed better with a 7.74% return vs 1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PYLD is cheaper with a 0.55% expense ratio, compared with 0.95% for OILU.
PYLD has the higher dividend yield at 5.88%, compared with 0.00% for OILU.
OILU is categorized as Leveraged Equities, while PYLD is Multisector Bonds. They also come from different issuers: BMO and PIMCO. Their fees differ too: 0.95% for OILU and 0.55% for PYLD.
PYLD currently has the higher Sharpe Ratio (1.72 vs 1.50), 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.
Find the right allocation for OILU and PYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer