OILD vs SPY
MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETN vs State Street SPDR S&P 500 ETF Trust
Which is better, OILD or SPY?
Energy against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 68.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OILD | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $30M | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 25 | 1,011 |
| YTD Return | -68.39% | +8.47%Best |
| 1Y Return | -72.97% | +10.88%Best |
| 3Y Return (annualized) | -47.77% | +20.41%Best |
| 5Y Return (annualized) | -58.74% | +10.90%Best |
| Volatility (annualized) | 73.5% | 15.5%Best |
| Max Drawdown | - | -24.5% |
| $10,000 over 5 years | $120 | $16,775Best |
| Top 10 Weight | 68.6% | 38.9%Best |
| Fund Family | BMO Capital Markets | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Blend |
| Inception | Nov 8, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2021 to Nov 6, 2026 (5 years).
OILD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
OILD vs SPY Performance
MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETN (OILD) is an ETF from BMO Capital Markets and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OILD returned -72.97% while SPY returned +10.88%. Year to date, OILD is down 68.39% versus a gain of 8.47% for SPY.
Over three years, OILD compounded at -47.77% per year against +20.41% for SPY; over five years the annualized figures are -58.74% and +10.90% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OILD has been the more volatile fund, with annualized monthly volatility of 73.5% compared with 15.5% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.29. They move largely independently of each other.
Fees and Cost Over Time
OILD charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, OILD currently yields 0.00% against 1.00% for SPY.
Holdings Overlap
90.6% of OILD's money is in holdings SPY also owns. 3.6% of SPY's money is in holdings OILD also owns.
Most of OILD is already inside SPY. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 25 positions we hold weights for in OILD and 504 in SPY, against full books of 25 and 1,011.
What only one of them owns
Our book lists 480 positions for SPY that do not appear in our book for OILD (96.1% of the fund), and 5 for OILD that do not appear in SPY (7.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in OILD | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxonmobil Holdings Corp Common Stock Usd | 15.24% | 1.09% | 14.15% |
| CVXChevron Corp | 15.36% | 0.66% | 14.70% |
| COPConocophillips Common Stock USD 0.01 | 7.36% | 0.26% | 7.10% |
| SLBSchlumberger Nv. | 6.27% | 0.11% | 6.16% |
| DVNDevon Energy Corp. | 4.72% | 0.08% | 4.64% |
| OXYOccidental Petroleum Corp. | 4.28% | 0.07% | 4.21% |
| EOGEog Resources Inc | 3.98% | 0.12% | 3.86% |
| FANGDiamondback Energy Inc. | 3.94% | 0.06% | 3.88% |
| VLOValero Energy | 3.68% | 0.20% | 3.48% |
| BKRBaker Hughes A Ge Co. Class A | 3.77% | 0.08% | 3.69% |
90.6% of OILD is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OILD or SPY?
OILD has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, OILD or SPY?
Over the past year OILD returned -72.97% vs +10.88% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OILD or SPY?
OILD has been the more volatile fund at 73.5% annualized versus 15.5% for SPY.
Should I hold both OILD and SPY?
OILD and SPY have a monthly-return correlation of -0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OILD and SPY?
90.6% of OILD's money is in holdings SPY also owns. 3.6% of SPY's is in holdings OILD also owns. They hold 19 positions in common, counted across the 25 positions we hold weights for in OILD and 504 in SPY.
Which pays a higher dividend, OILD or SPY?
OILD yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than OILD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 68.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.