USOI vs. CMDY
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY).
USOI and CMDY 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. CMDY is a passively managed fund by iShares that tracks the performance of the Bloomberg Roll Select Commodity Total Return Index. It was launched on Apr 3, 2018. Both USOI and CMDY 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. CMDY - Performance Comparison
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USOI vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 26.76% | -8.78% | 6.94% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 21.23% | 15.81% | -0.92% |
Returns By Period
In the year-to-date period, USOI achieves a 26.76% return, which is significantly higher than CMDY's 21.23% return.
USOI
- 1D
- -0.94%
- 1M
- 9.69%
- YTD
- 26.76%
- 6M
- 23.42%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMDY
- 1D
- -0.54%
- 1M
- 6.54%
- YTD
- 21.23%
- 6M
- 26.39%
- 1Y
- 28.68%
- 3Y*
- 12.40%
- 5Y*
- 12.67%
- 10Y*
- —
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USOI vs. CMDY - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Return for Risk
USOI vs. CMDY — Risk / Return Rank
USOI
CMDY
USOI vs. CMDY - 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 iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 | CMDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.75 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.17 | 2.31 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.00 | -1.89 |
Martin ratioReturn relative to average drawdown | 2.55 | 9.38 | -6.83 |
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 | CMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.75 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.54 | +0.04 |
Correlation
The correlation between USOI and CMDY is 0.58, 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. CMDY - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.40%, more than CMDY's 10.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.40% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.64% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
Drawdowns
USOI vs. CMDY - Drawdown Comparison
The maximum USOI drawdown since its inception was -19.49%, smaller than the maximum CMDY drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for USOI and CMDY.
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Drawdown Indicators
| USOI | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -31.19% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -9.57% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.97% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -13.38% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 3.06% | +3.72% |
Volatility
USOI vs. CMDY - Volatility Comparison
The current volatility for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) is 6.13%, while iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) has a volatility of 6.76%. This indicates that USOI experiences smaller price fluctuations and is considered to be less risky than CMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USOI | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.76% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 13.02% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 16.43% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 15.63% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 14.54% | +6.56% |