USOI vs. CVX
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and Chevron Corporation (CVX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USOI or CVX.
Key characteristics
| USOI | CVX | |
|---|---|---|
| YTD Return | 12.13% | 8.93% |
| 1Y Return | 24.50% | 6.73% |
| 3Y Return (Ann) | 18.18% | 19.85% |
| 5Y Return (Ann) | -8.23% | 11.34% |
| Sharpe Ratio | 0.91 | 0.22 |
| Daily Std Dev | 21.32% | 20.61% |
| Max Drawdown | -77.42% | -58.23% |
| Current Drawdown | -44.65% | -10.08% |
Correlation
The correlation between USOI and CVX is 0.47, 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.
Performance
USOI vs. CVX - Performance Comparison
In the year-to-date period, USOI achieves a 12.13% return, which is significantly higher than CVX's 8.93% 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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Risk-Adjusted Performance
USOI vs. CVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and Chevron Corporation (CVX). 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
USOI vs. CVX - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.13%, more than CVX's 3.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.13% | 26.72% | 42.76% | 20.49% | 67.99% | 17.12% | 13.08% | 6.31% | 0.00% | 0.00% | 0.00% | 0.00% |
CVX Chevron Corporation | 3.83% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% | 3.75% | 3.12% |
Drawdowns
USOI vs. CVX - Drawdown Comparison
The maximum USOI drawdown since its inception was -77.42%, which is greater than CVX's maximum drawdown of -58.23%. Use the drawdown chart below to compare losses from any high point for USOI and CVX. For additional features, visit the drawdowns tool.
Volatility
USOI vs. CVX - Volatility Comparison
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and Chevron Corporation (CVX) have volatilities of 4.76% and 4.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.