OILU vs. SPY
Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and SPDR S&P 500 ETF (SPY).
OILU and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILU or SPY.
Key characteristics
| OILU | SPY | |
|---|---|---|
| YTD Return | 4.18% | 26.01% |
| 1Y Return | -0.95% | 33.73% |
| 3Y Return (Ann) | 15.91% | 9.91% |
| Sharpe Ratio | -0.03 | 2.82 |
| Sortino Ratio | 0.34 | 3.76 |
| Omega Ratio | 1.04 | 1.53 |
| Calmar Ratio | -0.02 | 4.05 |
| Martin Ratio | -0.06 | 18.33 |
| Ulcer Index | 24.04% | 1.86% |
| Daily Std Dev | 54.67% | 12.07% |
| Max Drawdown | -67.43% | -55.19% |
| Current Drawdown | -57.18% | -0.90% |
Correlation
The correlation between OILU and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OILU vs. SPY - Performance Comparison
In the year-to-date period, OILU achieves a 4.18% return, which is significantly lower than SPY's 26.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OILU vs. SPY - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OILU vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and SPDR S&P 500 ETF (SPY). 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.
Dividends
OILU vs. SPY - Dividend Comparison
OILU has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OILU vs. SPY - Drawdown Comparison
The maximum OILU drawdown since its inception was -67.43%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OILU and SPY. For additional features, visit the drawdowns tool.
Volatility
OILU vs. SPY - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 15.69% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.