VABS vs. USOI
VABS (Virtus Newfleet ABS/MBS ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - VABS is a Mortgage Backed Securities fund actively managed by Virtus Investment Partners, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. VABS is actively managed, while USOI is passively managed. Over the past year, VABS returned 4.02% vs 46.39% for USOI. At a correlation of -0.18, they often move in opposite directions. VABS charges 0.39%/yr vs 0.85%/yr for USOI.
Performance
VABS vs. USOI - Performance Comparison
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Returns By Period
In the year-to-date period, VABS achieves a 1.40% return, which is significantly lower than USOI's 47.45% return.
VABS
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.02%
- 3Y*
- 6.26%
- 5Y*
- 3.22%
- 10Y*
- —
USOI
- 1D
- -2.04%
- 1M
- 0.59%
- YTD
- 47.45%
- 6M
- 44.00%
- 1Y
- 46.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VABS vs. USOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VABS Virtus Newfleet ABS/MBS ETF | 1.40% | 5.40% | 4.56% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 47.45% | -8.78% | 6.94% |
Correlation
The correlation between VABS and USOI is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | -0.18 |
The correlation between VABS and USOI shifts across timeframes, from -0.30 (1 year) to -0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VABS vs. USOI — Risk / Return Rank
VABS
USOI
VABS vs. USOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet ABS/MBS ETF (VABS) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). 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.
| VABS | USOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.35 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.92 | +0.18 |
| Martin ratioReturn relative to average drawdown | 10.57 | 9.08 | +1.49 |
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
| VABS | USOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.08 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.89 | +0.51 |
Drawdowns
VABS vs. USOI - Drawdown Comparison
The maximum VABS drawdown since its inception was -7.12%, smaller than the maximum USOI drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for VABS and USOI.
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Drawdown Indicators
| VABS | USOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.12% | -19.49% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -11.90% | +10.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -5.06% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -7.20% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 5.13% | -4.75% |
Volatility
VABS vs. USOI - Volatility Comparison
The current volatility for Virtus Newfleet ABS/MBS ETF (VABS) is 0.40%, while Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a volatility of 10.37%. This indicates that VABS experiences smaller price fluctuations and is considered to be less risky than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VABS | USOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 10.37% | -9.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 18.34% | -17.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 22.46% | -20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 22.61% | -20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.24% | 22.61% | -20.37% |
VABS vs. USOI - Expense Ratio Comparison
VABS has a 0.39% expense ratio, which is lower than USOI's 0.85% expense ratio.
Dividends
VABS vs. USOI - Dividend Comparison
VABS's dividend yield for the trailing twelve months is around 5.18%, less than USOI's 37.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 37.65% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% |
VABS Virtus Newfleet ABS/MBS ETF | 5.18% | 4.94% | 5.05% | 4.13% | 2.47% | 1.47% |
Frequently Asked Questions
VABS and USOI have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOI has higher volatility (10.37%) compared to VABS (0.40%). In terms of maximum drawdown, VABS dropped -7.12% vs USOI's -19.49%.
On 1-year performance, USOI leads with 46.39% vs 4.02% for VABS. On fees, VABS is cheaper at 0.39% per year. On volatility, VABS has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOI has performed better with a 46.39% return vs 4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VABS is cheaper with a 0.39% expense ratio, compared with 0.85% for USOI.
USOI has the higher dividend yield at 37.65%, compared with 5.18% for VABS.
VABS is categorized as Mortgage Backed Securities, while USOI is Commodities. They also come from different issuers: Virtus Investment Partners and Credit Suisse. Their fees differ too: 0.39% for VABS and 0.85% for USOI.
USOI currently has the higher Sharpe Ratio (2.08 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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