USOI vs. CERY
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY).
USOI and CERY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USOI is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. It was launched on Apr 25, 2017. CERY is a passively managed fund by State Street that tracks the performance of the Bloomberg Enhanced Roll Yield Total Return Index. It was launched on Sep 4, 2024. Both USOI and CERY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USOI vs. CERY - Performance Comparison
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USOI vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 26.76% | -8.78% | 7.60% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 23.43% | 15.68% | 3.92% |
Returns By Period
In the year-to-date period, USOI achieves a 26.76% return, which is significantly higher than CERY's 23.43% return.
USOI
- 1D
- -0.94%
- 1M
- 9.69%
- YTD
- 26.76%
- 6M
- 23.42%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CERY
- 1D
- -0.51%
- 1M
- 8.46%
- YTD
- 23.43%
- 6M
- 29.00%
- 1Y
- 33.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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USOI vs. CERY - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than CERY's 0.28% expense ratio.
Return for Risk
USOI vs. CERY — Risk / Return Rank
USOI
CERY
USOI vs. CERY - 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 SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). 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.
| USOI | CERY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 2.05 | -1.25 |
Sortino ratioReturn per unit of downside risk | 1.17 | 2.66 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.44 | -2.34 |
Martin ratioReturn relative to average drawdown | 2.55 | 11.83 | -9.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USOI | CERY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.05 | -1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.98 | -1.39 |
Correlation
The correlation between USOI and CERY is 0.67, 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.
Dividends
USOI vs. CERY - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.40%, more than CERY's 4.05% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.40% | 27.21% | 12.54% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.05% | 4.99% | 0.52% |
Drawdowns
USOI vs. CERY - Drawdown Comparison
The maximum USOI drawdown since its inception was -19.49%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for USOI and CERY.
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Drawdown Indicators
| USOI | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -10.05% | -9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -10.05% | -5.55% |
Current DrawdownCurrent decline from peak | -0.94% | -0.65% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -2.18% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 2.92% | +3.86% |
Volatility
USOI vs. CERY - Volatility Comparison
The current volatility for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) is 6.13%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 6.57%. This indicates that USOI experiences smaller price fluctuations and is considered to be less risky than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USOI | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.57% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 12.74% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 16.40% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 14.63% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 14.63% | +6.47% |