USOI vs. SPY
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and SPDR S&P 500 ETF (SPY).
USOI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both USOI and SPY 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 SPY.
Key characteristics
| USOI | SPY | |
|---|---|---|
| YTD Return | 7.75% | 26.77% |
| 1Y Return | 0.08% | 37.43% |
| 3Y Return (Ann) | 8.32% | 10.15% |
| 5Y Return (Ann) | -7.67% | 15.86% |
| Sharpe Ratio | 0.07 | 3.06 |
| Sortino Ratio | 0.25 | 4.08 |
| Omega Ratio | 1.03 | 1.58 |
| Calmar Ratio | 0.03 | 4.44 |
| Martin Ratio | 0.28 | 20.11 |
| Ulcer Index | 5.81% | 1.85% |
| Daily Std Dev | 21.38% | 12.18% |
| Max Drawdown | -77.42% | -55.19% |
| Current Drawdown | -46.81% | -0.31% |
Correlation
The correlation between USOI and SPY is 0.22, 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.
Performance
USOI vs. SPY - Performance Comparison
In the year-to-date period, USOI achieves a 7.75% return, which is significantly lower than SPY's 26.77% 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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USOI vs. SPY - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USOI vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.29%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.29% | 26.72% | 42.78% | 20.48% | 67.99% | 17.11% | 13.08% | 6.31% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
USOI vs. SPY - Drawdown Comparison
The maximum USOI drawdown since its inception was -77.42%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USOI and SPY. For additional features, visit the drawdowns tool.
Volatility
USOI vs. SPY - Volatility Comparison
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a higher volatility of 7.69% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that USOI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.