USOI vs. BSV
USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - USOI is a Oil & Gas fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past year, USOI returned 24.70% vs 2.63% for BSV. Their -0.27 correlation means they have often moved in opposite directions in the past. USOI charges 0.85%/yr vs 0.03%/yr for BSV.
Performance
USOI vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, USOI achieves a 30.69% return, which is significantly higher than BSV's 0.71% return.
USOI
- 1D
- -1.16%
- 1M
- 9.92%
- 6M
- 21.84%
- YTD
- 30.69%
- 1Y
- 24.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.05%
BSV
- 1D
- 0.19%
- 1M
- 0.07%
- 6M
- 0.59%
- YTD
- 0.71%
- 1Y
- 2.63%
- 3Y*
- 4.54%
- 5Y*
- 1.68%
- 10Y*
- 1.94%
- ALL TIME*
- 2.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.26M | $170.78M | $200.19M | |
| $16.92M | $18.15M | $9.02M |
USOI vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 30.69% | -8.78% | 3.24% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.71% | 6.00% | 3.52% |
Correlation
The correlation between USOI and BSV is -0.37, 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. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | -0.27 |
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Return for Risk
USOI vs. BSV — Risk / Return Rank
USOI
BSV
USOI vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| USOI | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.05 | -1.00 |
| Martin ratioReturn relative to average drawdown | 3.27 | 6.34 | -3.07 |
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Drawdowns
USOI vs. BSV - Drawdown Comparison
The maximum USOI drawdown since its inception was -23.54%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for USOI and BSV.
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Drawdown Indicators
| USOI | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.54% | -8.54% | -15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -1.29% | -22.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -15.85% | -0.21% | -15.64% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -0.97% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.60% | 0.42% | +7.18% |
Volatility
USOI vs. BSV - Volatility Comparison
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a higher volatility of 6.44% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.51%. This indicates that USOI's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USOI | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 0.51% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 20.38% | 1.42% | +18.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.67% | 1.72% | +22.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 2.74% | +20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 2.38% | +20.91% |
USOI vs. BSV - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than BSV's 0.03% expense ratio.
Dividends
USOI vs. BSV - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 47.10%, more than BSV's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.03% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 47.10% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USOI and BSV have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOI has higher volatility (6.44%) compared to BSV (0.51%). In terms of maximum drawdown, USOI dropped -23.54% vs BSV's -8.54%.
On 1-year performance, USOI leads with 24.70% vs 2.63% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOI has performed better with a 24.70% return vs 2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.85% for USOI.
USOI has the higher dividend yield at 47.10%, compared with 4.03% for BSV.
USOI is categorized as Oil & Gas, while BSV is Short-Term Bond. USOI tracks Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: Credit Suisse and Vanguard. Their fees differ too: 0.85% for USOI and 0.03% for BSV.
BSV currently has the higher Sharpe Ratio (1.54 vs 1.01), 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.
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