SNXX vs. USOI

Last updated Jun 5, 2026

SNXX (Tradr 2X Long SNDK Daily ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - SNXX is a Leveraged Equities fund actively managed by Tradr, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. SNXX is actively managed, while USOI is passively managed. At a correlation of -0.18, they often move in opposite directions. SNXX charges 1.49%/yr vs 0.85%/yr for USOI.

Performance

SNXX vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long SNDK Daily ETF (SNXX) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNXX

• 1D: -4.86%
• 1M: 46.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOI

• 1D: -2.04%
• 1M: 0.59%
• YTD: 47.45%
• 6M: 44.00%
• 1Y: 46.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNXX vs. USOI - Yearly Performance Comparison

	2026 (YTD)
SNXX Tradr 2X Long SNDK Daily ETF	808.37%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	40.00%

Correlation

The correlation between SNXX and USOI is -0.18, 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 (All Time) Calculated using the full available price history since Jan 28, 2026	-0.18

Return for Risk

SNXX vs. USOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USOI

USOI Risk / Return Rank: 62
USOI Sharpe Ratio Rank: 63
USOI Sortino Ratio Rank: 58
USOI Omega Ratio Rank: 57
USOI Calmar Ratio Rank: 78
USOI Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNXX vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SNDK Daily ETF (SNXX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SNXX	USOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	266.61	0.89	+265.72

Drawdowns

SNXX vs. USOI - Drawdown Comparison

The maximum SNXX drawdown since its inception was -48.39%, which is greater than USOI's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for SNXX and USOI.

Drawdown Indicators

	SNXX	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-19.49%	-28.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.90%	—
Current Drawdown Current decline from peak	-4.86%	-5.06%	+0.20%
Average Drawdown Average peak-to-trough decline	-15.51%	-7.20%	-8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.13%	—

Volatility

Volatility by Period

	SNXX	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	194.54%	22.46%	+172.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	194.54%	22.61%	+171.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	194.54%	22.61%	+171.93%

SNXX vs. USOI - Expense Ratio Comparison

SNXX has a 1.49% expense ratio, which is higher than USOI's 0.85% expense ratio.

Dividends

SNXX vs. USOI - Dividend Comparison

SNXX has not paid dividends to shareholders, while USOI's dividend yield for the trailing twelve months is around 37.65%.

Position	TTM	2025	2024
SNXX Tradr 2X Long SNDK Daily ETF	0.00%	0.00%	0.00%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	37.65%	27.21%	12.54%

Frequently Asked Questions

Can I hold both SNXX and USOI in my portfolio?

SNXX and USOI have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNXX or USOI?

On fees, USOI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNXX or USOI?

USOI is cheaper with a 0.85% expense ratio, compared with 1.49% for SNXX.

Which ETF pays a higher dividend yield, SNXX or USOI?

USOI has the higher dividend yield at 37.65%, compared with 0.00% for SNXX.

What is the main difference between SNXX and USOI?

SNXX is categorized as Leveraged Equities, while USOI is Commodities. They also come from different issuers: Tradr and Credit Suisse. Their fees differ too: 1.49% for SNXX and 0.85% for USOI.