USO vs. USOI
Compare and contrast key facts about United States Oil Fund LP (USO) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI).
USO and USOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. 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. Both USO and USOI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USO or USOI.
Key characteristics
| USO | USOI | |
|---|---|---|
| YTD Return | 6.12% | 7.92% |
| 1Y Return | -2.70% | 0.35% |
| 3Y Return (Ann) | 8.13% | 8.36% |
| 5Y Return (Ann) | -6.07% | -7.79% |
| Sharpe Ratio | -0.11 | 0.01 |
| Sortino Ratio | 0.05 | 0.16 |
| Omega Ratio | 1.01 | 1.02 |
| Calmar Ratio | -0.03 | 0.00 |
| Martin Ratio | -0.38 | 0.04 |
| Ulcer Index | 7.82% | 5.83% |
| Daily Std Dev | 28.26% | 21.32% |
| Max Drawdown | -98.19% | -77.42% |
| Current Drawdown | -92.47% | -46.72% |
Correlation
The correlation between USO and USOI is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USO vs. USOI - Performance Comparison
In the year-to-date period, USO achieves a 6.12% return, which is significantly lower than USOI's 7.92% 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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USO vs. USOI - Expense Ratio Comparison
USO has a 0.79% expense ratio, which is lower than USOI's 0.85% expense ratio.
Risk-Adjusted Performance
USO vs. USOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) 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
USO vs. USOI - Dividend Comparison
USO has not paid dividends to shareholders, while USOI's dividend yield for the trailing twelve months is around 21.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 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 | 21.25% | 26.72% | 42.78% | 20.48% | 67.99% | 17.11% | 13.08% | 6.31% |
Drawdowns
USO vs. USOI - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, which is greater than USOI's maximum drawdown of -77.42%. Use the drawdown chart below to compare losses from any high point for USO and USOI. For additional features, visit the drawdowns tool.
Volatility
USO vs. USOI - Volatility Comparison
United States Oil Fund LP (USO) has a higher volatility of 9.13% compared to Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) at 7.15%. This indicates that USO'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.