OILU vs. USOI
Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI).
OILU and USOI 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. USOI is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. It was launched on Apr 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILU or USOI.
Key characteristics
| OILU | USOI | |
|---|---|---|
| YTD Return | 4.18% | 8.71% |
| 1Y Return | -0.95% | 2.61% |
| 3Y Return (Ann) | 15.91% | 8.69% |
| Sharpe Ratio | -0.03 | 0.05 |
| Sortino Ratio | 0.34 | 0.21 |
| Omega Ratio | 1.04 | 1.03 |
| Calmar Ratio | -0.02 | 0.02 |
| Martin Ratio | -0.06 | 0.19 |
| Ulcer Index | 24.04% | 5.85% |
| Daily Std Dev | 54.67% | 21.34% |
| Max Drawdown | -67.43% | -77.42% |
| Current Drawdown | -57.18% | -46.34% |
Correlation
The correlation between OILU and USOI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OILU vs. USOI - Performance Comparison
In the year-to-date period, OILU achieves a 4.18% return, which is significantly lower than USOI's 8.71% 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. USOI - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is higher than USOI's 0.85% expense ratio.
Risk-Adjusted Performance
OILU vs. USOI - 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 Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). 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. USOI - Dividend Comparison
OILU has not paid dividends to shareholders, while USOI's dividend yield for the trailing twelve months is around 20.96%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 20.96% | 26.72% | 42.78% | 20.48% | 67.99% | 17.11% | 13.08% | 6.31% |
Drawdowns
OILU vs. USOI - Drawdown Comparison
The maximum OILU drawdown since its inception was -67.43%, smaller than the maximum USOI drawdown of -77.42%. Use the drawdown chart below to compare losses from any high point for OILU and USOI. For additional features, visit the drawdowns tool.
Volatility
OILU vs. USOI - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 15.69% compared to Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) at 7.18%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.