XDIV vs. USOI

Last updated Jun 5, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while USOI is a Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. XDIV is actively managed, while USOI is passively managed. At a correlation of -0.19, they often move in opposite directions. XDIV charges 0.09%/yr vs 0.85%/yr for USOI.

Performance

XDIV vs. USOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 11.08% return, which is significantly lower than USOI's 47.45% return.

XDIV

• 1D: 0.41%
• 1M: 4.81%
• YTD: 11.08%
• 6M: 11.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOI

• 1D: -2.04%
• 1M: 0.59%
• YTD: 47.45%
• 6M: 44.00%
• 1Y: 46.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV vs. USOI - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	11.08%	9.90%
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	47.45%	-3.95%

Correlation

The correlation between XDIV and USOI is -0.19, 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 (All Time) Calculated using the full available price history since Jul 11, 2025	-0.19

Return for Risk

XDIV vs. USOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USOI

USOI Risk / Return Rank: 62
USOI Sharpe Ratio Rank: 63
USOI Sortino Ratio Rank: 58
USOI Omega Ratio Rank: 57
USOI Calmar Ratio Rank: 78
USOI Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDIV vs. USOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XDIV	USOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	0.89	+1.13

Drawdowns

XDIV vs. USOI - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum USOI drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for XDIV and USOI.

Drawdown Indicators

	XDIV	USOI	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-19.49%	+10.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.90%	—
Current Drawdown Current decline from peak	-0.27%	-5.06%	+4.79%
Average Drawdown Average peak-to-trough decline	-1.19%	-7.20%	+6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.13%	—

Volatility

Volatility by Period

	XDIV	USOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	22.46%	-10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	22.61%	-10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	22.61%	-10.32%

XDIV vs. USOI - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than USOI's 0.85% expense ratio.

Dividends

XDIV vs. USOI - Dividend Comparison

XDIV has not paid dividends to shareholders, while USOI's dividend yield for the trailing twelve months is around 37.65%.

Position	TTM	2025	2024
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN	37.65%	27.21%	12.54%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and USOI in my portfolio?

XDIV and USOI have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV or USOI?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or USOI?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.85% for USOI.

Which ETF pays a higher dividend yield, XDIV or USOI?

USOI has the higher dividend yield at 37.65%, compared with 0.00% for XDIV.

What is the main difference between XDIV and USOI?

XDIV is categorized as S&P 500, while USOI is Commodities. They also come from different issuers: Roundhill and Credit Suisse. Their fees differ too: 0.09% for XDIV and 0.85% for USOI.