USOI vs. USO
Compare and contrast key facts about Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) and United States Oil Fund LP (USO).
USOI and USO 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. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both USOI and USO 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 USO.
Key characteristics
| USOI | USO | |
|---|---|---|
| YTD Return | 7.75% | 6.06% |
| 1Y Return | 0.08% | -3.06% |
| 3Y Return (Ann) | 8.32% | 8.12% |
| 5Y Return (Ann) | -7.67% | -5.81% |
| Sharpe Ratio | 0.07 | -0.05 |
| Sortino Ratio | 0.25 | 0.12 |
| Omega Ratio | 1.03 | 1.01 |
| Calmar Ratio | 0.03 | -0.02 |
| Martin Ratio | 0.28 | -0.20 |
| Ulcer Index | 5.81% | 7.81% |
| Daily Std Dev | 21.38% | 28.30% |
| Max Drawdown | -77.42% | -98.19% |
| Current Drawdown | -46.81% | -92.48% |
Correlation
The correlation between USOI and USO is 0.82, 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.
Performance
USOI vs. USO - Performance Comparison
In the year-to-date period, USOI achieves a 7.75% return, which is significantly higher than USO's 6.06% 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. USO - Expense Ratio Comparison
USOI has a 0.85% expense ratio, which is higher than USO's 0.79% expense ratio.
Risk-Adjusted Performance
USOI vs. USO - 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 United States Oil Fund LP (USO). 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. USO - Dividend Comparison
USOI's dividend yield for the trailing twelve months is around 21.29%, while USO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USOI vs. USO - Drawdown Comparison
The maximum USOI drawdown since its inception was -77.42%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for USOI and USO. For additional features, visit the drawdowns tool.
Volatility
USOI vs. USO - Volatility Comparison
The current volatility for Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) is 7.69%, while United States Oil Fund LP (USO) has a volatility of 10.02%. This indicates that USOI experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.