USOI vs. COMT

Last updated Apr 1, 2026

Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and iShares Commodities Select Strategy ETF (COMT).

USOI and COMT 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. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014.

Performance

USOI vs. COMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and iShares Commodities Select Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

USOI vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	27.96%	-8.78%	6.94%
COMT iShares Commodities Select Strategy ETF	35.81%	6.07%	0.09%

Returns By Period

In the year-to-date period, USOI achieves a 27.96% return, which is significantly lower than COMT's 35.81% return.

USOI

• 1D: 0.16%
• 1M: 14.60%
• YTD: 27.96%
• 6M: 23.68%
• 1Y: 18.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMT

• 1D: -1.46%
• 1M: 20.45%
• YTD: 35.81%
• 6M: 35.80%
• 1Y: 37.75%
• 3Y*: 14.15%
• 5Y*: 15.41%
• 10Y*: 10.23%

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

USOI vs. COMT - Expense Ratio Comparison

USOI has a 0.85% expense ratio, which is higher than COMT's 0.48% expense ratio.

USOI

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

COMT

iShares Commodities Select Strategy ETF

Return for Risk

USOI vs. COMT — Risk / Return Rank

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

USOI

USOI Risk / Return Rank: 45
USOI Sharpe Ratio Rank: 50
USOI Sortino Ratio Rank: 47
USOI Omega Ratio Rank: 43
USOI Calmar Ratio Rank: 53
USOI Martin Ratio Rank: 34

COMT

COMT Risk / Return Rank: 89
COMT Sharpe Ratio Rank: 90
COMT Sortino Ratio Rank: 91
COMT Omega Ratio Rank: 88
COMT Calmar Ratio Rank: 93
COMT Martin Ratio Rank: 86

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.

USOI vs. COMT - 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 Commodities Select Strategy ETF (COMT). 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	COMT	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.91	-1.06
Sortino ratio Return per unit of downside risk	1.23	2.55	-1.31
Omega ratio Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio Return relative to maximum drawdown	1.28	3.35	-2.07
Martin ratio Return relative to average drawdown	2.95	9.53	-6.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USOI vs. COMT - Sharpe Ratio Comparison

The current USOI Sharpe Ratio is 0.85, which is lower than the COMT Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of USOI and COMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USOI	COMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.91	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.20	+0.42

Correlation

The correlation between USOI and COMT is 0.88, 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.

Dividends

USOI vs. COMT - Dividend Comparison

USOI's dividend yield for the trailing twelve months is around 21.20%, more than COMT's 5.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	21.20%	27.21%	12.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COMT iShares Commodities Select Strategy ETF	5.70%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%

Drawdowns

USOI vs. COMT - Drawdown Comparison

The maximum USOI drawdown since its inception was -19.49%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for USOI and COMT.

Drawdown Indicators

	USOI	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-19.49%	-51.89%	+32.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.60%	-11.84%	-3.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	0.00%	-1.46%	+1.46%
Average Drawdown Average peak-to-trough decline	-7.68%	-24.39%	+16.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.78%	4.16%	+2.62%

Volatility

USOI vs. COMT - Volatility Comparison

The current volatility for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) is 5.96%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 10.12%. This indicates that USOI experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USOI	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	10.12%	-4.16%
Volatility (6M) Calculated over the trailing 6-month period	14.47%	15.20%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	21.67%	19.85%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	20.53%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	18.68%	+2.43%