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ETFs

Credit Suisse AG Credit Suisse X-Links Crude Oil Shares Covered Call ETN

USOI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 25 2017
Expense Ratio
0.85%
Type
Global Commodities & Metals
Fund Owner
Credit Suisse
Volume (1m avg. daily)
$3,111,984
AUM
$354,458,708
Associated Index
Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with USOI

What is USOI?

The Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (such exchange traded notes, the "ETNs") are senior, unsecured debt securities issued by Credit Suisse AG, acting through its Nassau Branch, that provide a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index (the "Index"). The ETNs may pay a variable monthly coupon based on the notional option premiums, if any, generated by the Indexs hypothetical monthly sale of call options on the shares of the United States Oil Fund, LP (such shares the "USO Shares"). The ETNs are listed on the NASDAQ Stock Market under the ticker symbol "USOI".

ETFs related toUSOI

ETFs correlated to USOI include USO, UCO, OILK

USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN
USO
United States Commodity Funds LLC - United States Oil Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSOI

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USOI using Composer

FAQ

USOI is a Global Commodities & Metals ETF. The Credit Suisse X-Links Crude Oil Shares Covered Call ETNs (such exchange traded notes, the "ETNs") are senior, unsecured debt securities issued by Credit Suisse AG, acting through its Nassau Branch, that provide a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index (the "Index"). The ETNs may pay a variable monthly coupon based on the notional option premiums, if any, generated by the Indexs hypothetical monthly sale of call options on the shares of the United States Oil Fund, LP (such shares the "USO Shares"). The ETNs are listed on the NASDAQ Stock Market under the ticker symbol "USOI".

USOI tracks the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index.

No, USOI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USOI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USOI is 0.1031%. This is the percent change in the value of USOI over the most recent 1-month period. The 3-month return on USOI is 0.2036%. This is the percent change in the value of USOI over the most recent 3-month period.

The standard deviation of USOI for the past year is 0.2643%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USOI include DBE, RENW, and UGA.

ETFs correlated to USOI include USO, UCO, and OILK.

ETFs that are inversely correlated to USOI include SCO, ERY, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.