USOI vs. QYLD
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and Global X NASDAQ 100 Covered Call ETF (QYLD).
USOI and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both USOI and QYLD 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. QYLD - Performance Comparison
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USOI vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 26.76% | -8.78% | 6.94% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 12.30% |
Returns By Period
In the year-to-date period, USOI achieves a 26.76% return, which is significantly higher than QYLD's 0.61% return.
USOI
- 1D
- -0.94%
- 1M
- 9.69%
- YTD
- 26.76%
- 6M
- 23.42%
- 1Y
- 17.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- 0.58%
- 1M
- -1.11%
- YTD
- 0.61%
- 6M
- 7.46%
- 1Y
- 16.36%
- 3Y*
- 13.19%
- 5Y*
- 7.01%
- 10Y*
- 8.96%
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USOI vs. QYLD - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Return for Risk
USOI vs. QYLD — Risk / Return Rank
USOI
QYLD
USOI vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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 | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.00 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.61 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.57 | -0.46 |
Martin ratioReturn relative to average drawdown | 2.55 | 10.32 | -7.78 |
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 | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.00 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
Correlation
The correlation between USOI and QYLD is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
USOI vs. QYLD - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.40%, more than QYLD's 11.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.40% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
USOI vs. QYLD - Drawdown Comparison
The maximum USOI drawdown since its inception was -19.49%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for USOI and QYLD.
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Drawdown Indicators
| USOI | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -24.75% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -10.84% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.84% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -3.89% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 1.65% | +5.13% |
Volatility
USOI vs. QYLD - Volatility Comparison
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a higher volatility of 6.13% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. This indicates that USOI's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USOI | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 4.90% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 7.50% | +6.99% |
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% | 14.84% | +6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 15.51% | +5.59% |