USOI vs. OILK
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
USOI and OILK 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 Group AG that tracks the performance of the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. It was launched on Apr 25, 2017. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016. Both USOI and OILK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USOI or OILK.
Performance
USOI vs. OILK - Performance Comparison
Returns By Period
In the year-to-date period, USOI achieves a 9.68% return, which is significantly higher than OILK's 5.02% return.
USOI
9.68%
2.92%
-3.58%
4.53%
-7.38%
N/A
OILK
5.02%
1.38%
-7.33%
-0.05%
-1.92%
N/A
Key characteristics
| USOI | OILK | |
|---|---|---|
| Sharpe Ratio | 0.37 | 0.15 |
| Sortino Ratio | 0.64 | 0.37 |
| Omega Ratio | 1.08 | 1.04 |
| Calmar Ratio | 0.15 | 0.09 |
| Martin Ratio | 1.32 | 0.51 |
| Ulcer Index | 5.90% | 6.98% |
| Daily Std Dev | 20.96% | 23.50% |
| Max Drawdown | -77.42% | -83.76% |
| Current Drawdown | -45.86% | -33.70% |
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USOI vs. OILK - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than OILK's 0.68% expense ratio.
Correlation
The correlation between USOI and OILK is 0.81, 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.
Risk-Adjusted Performance
USOI vs. OILK - 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 ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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. OILK - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 20.78%, more than OILK's 2.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 20.78% | 26.72% | 42.78% | 20.48% | 67.99% | 17.11% | 13.08% | 6.31% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 2.97% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Drawdowns
USOI vs. OILK - Drawdown Comparison
The maximum USOI drawdown since its inception was -77.42%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for USOI and OILK. For additional features, visit the drawdowns tool.
Volatility
USOI vs. OILK - Volatility Comparison
The current volatility for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) is 7.75%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 8.72%. This indicates that USOI experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.