S&P 500Bucket avgCompareDividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 9, 2026
ETRACSIncomeCovered Calls#4 of 469 by YTD
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037USOI
- AUM
- $308M
- Fee
- 0.85%
- Yield
- 62.7%
- Bumpy · 1Y
- 1.8×S&P
- Volume
- 112K
- NAV
- $43.15
52-week range31% below the high
$41.60$61.30
| Returns | Today | 1W | 1M | 3M | YTD | 1Y | 3Y | 5Y | Max |
|---|---|---|---|---|---|---|---|---|---|
| Total return | −2.5% | −3.9% | −1.3% | +8.7% | +45.8% | +44.5% | +37.2% | +78.4% | +15.6% |
| Peer average | +1.5% | −0.2% | −3.4% | −2.2% | +5.3% | +6.9% | +44.5% | +56.9% | — |
| S&P 500 · VOO | +2.3% | +0.1% | −3.3% | −2.1% | +11.3% | +13.6% | +81.6% | +75.4% | — |
USOI in One Breath
USOI Among Covered Calls ETFs
YTDEnd-of-day Nov 9, 2026 · 70 Covered calls ETFs by YTD
$10,000 in USOI
5Y$10,000 in USOI became
$17,840
In the S&P 500 (VOO)
$17,543
Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO
USOI Returns by Period
Today1D
1M
3M
YTD
1Y
3Y
5Y
MAX
USOI
−2.5%
−1.3%
+8.7%
+45.8%
+44.5%
+37.2%
+78.4%
+15.6%
Peer average
+1.5%
−3.4%
−2.2%
+5.3%
+6.9%
+44.5%
+56.9%
—
S&P 500 · VOO
+2.3%
−3.3%
−2.1%
+11.3%
+13.6%
+81.6%
+75.4%
—
End-of-day Nov 9, 2026 · total return, dividends in · peers = 89 Covered calls ETFs
USOI’s Income Rank
YTD#4of 469
income ETFs
income ETFs
Best · MRNY+562.0%
USOI+45.8%
Average+9.0%
Worst · XRPM−60.5%
Income ETFs by YTD return · Nov 9, 2026
USOI Price and 52-Week Range
1YFrom the 52-week high
−31.4%
From the 52-week low
+1.1%
Today $41.60 – $42.87
Previous close $43.15
52-week low$41.6052-week high$61.30
End-of-day Nov 9, 2026 · box = today’s range, dashed = previous close
USOI’s Share of Covered Calls ETFs
Today0.7%
of the $41.5B in 90 Covered calls ETFs
$308M0.7%
$7.9B19.0%
$7.8B18.9%
$25.5B61.3%
Covered calls ETF AUM · Nov 9, 2026
USOI Fee per $100 vs Peers
TodayExpense ratio · Covered calls peers · Nov 9, 2026
Inside USOI
USOI
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
TodayUSOI reports no holdings we can show: […]
ETRACS USOI · holdings
How It Compares
USOI
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037’s Peers
YTDCovered calls peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM
Head to Head
Put USOI head to head with DIVO →DIVO vs USOI
YTDYear to date
USOI wins+35.0 pts
Past year
USOI wins+31.4 pts
Fee
DIVO winslower fee
Yield
USOI wins+56.3 pts
AUM
DIVO25.7× more
3–1USOI wins
Amplify DIVO and ETRACS USOI · year-to-date · as of Nov 10, 2026 · AUM not scored
USOI vs VOO
YTDUSOI · UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
+45.8%
VOO · S&P 500
+11.3%
Gap
34.5 pts
ETRACS USOI and Vanguard VOO · YTD total return · as of Nov 10, 2026
USOI vs Its Peer Average
YTDUSOIAvsBPeer average
1D−2.5%+1.5%
1M−1.3%−3.4%
3M+8.7%−2.2%
YTD+45.8%+5.3%
1Y+44.5%+6.9%
3Y+37.2%+44.5%
5Y+78.4%+56.9%
5–2USOI wins
89 Covered calls peers · each row scaled to its leader
How Bumpy Is USOI?
ViewUSOI
How Bumpy
1Y1.8×the S&P 500’s swings
CalmerBumpierS&P 1×USOI
Bumpiest of 7 covered calls fundsUSOI
Other covered calls funds0.6× to 1.0×
ETRACS USOI · daily swings over the past year vs the S&P 500
USOI
Worst Drop
1Y−23.5%from its May 19 high
Still below the high−6.5%
$10,000 at the high is now$9,350
ETRACS USOI · fall from the highest close, past year
USOI
On a Bad Day
1Y−0.6×rose, on average, when the S&P 500 fell
USOI’s worst day: Friday, Apr 17Up days60 of every 100
S&P 500 up days52 of every 100
ETRACS USOI · average move on days the S&P 500 fell
USOI
Return for the Bumps
1Y#1 of 7 covered calls fundsRanked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%
USOI
Cost
Today$85a year per $10,000
Expense ratio 0.85%, taken from the fund’s value
USOI
Volatility & Beta
1Y24.6%annual volatility
S&P 500 volatility13.7%
Downside volatility17.2%
Beta vs SPY−0.40
Correlation vs SPY−0.22
Lowest beta of 7 covered calls fundsUSOI
Daily total returns × √252 · past 254 trading days
USOI
Max Drawdown
1Y−23.5%peak to trough
Peak closeMay 19, 2026
Current drawdown−6.5%
Worst day−5.40% · Apr 17
Closing prices, dividends in
USOI
Up / Down Capture
1Y−64%down capture vs SPY
Up ÷ down capture[…]
Up days59.8% (S&P 52.4%)
Average daily move on SPY up days and down days
USOI
Sharpe & Sortino vs Peers
1YSharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only
USOI
Trading
Today−2.55%below its holdings’ value
Close$42.05
NAV$43.15
Fee per $10,000$85 a year
Avg. volume 30D136K shares
Close vs net asset value, Nov 9
The Details
USOI
Fund Facts
Today2017launched Apr 25
Tracks[…]
Exchange · CUSIPNASDAQ · 22539T266
StructureETF
Leverage1x
Cost on $10,000$85 a year
Go deeper
ETRACS USOI · fund facts · as of Nov 10, 2026
USOI
Payouts by Year
6Y$1.85per share, Nov 2026
Distribution yield62.7%
PaidEvery month
Latest ex-date · paidNov 20 · Nov 25, 2026
12 payouts added up$27.62 a share
ETRACS USOI · distributions by ex-date · 2021–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.
Trading & Liquidity
Net asset value$43.15
Premium / discount[…]
Median spread · 30D[…]
Volume today112K
Average volume · 30D136K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.85%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$85.00
Our risk indicator3/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Nov 20, 2026 | Nov 25, 2026 | $1.85 |
| Oct 21, 2026 | Oct 26, 2026 | $3.14 |
| Sep 22, 2026 | Sep 25, 2026 | $1.70 |
| Aug 20, 2026 | Aug 25, 2026 | $2.70 |
| Jul 22, 2026 | Jul 27, 2026 | $2.10 |
| Jun 22, 2026 | Jun 25, 2026 | $2.55 |
| May 20, 2026 | May 26, 2026 | $2.85 |
| Apr 22, 2026 | Apr 27, 2026 | $7.47 |
| Mar 20, 2026 | Mar 25, 2026 | $1.29 |
| Feb 20, 2026 | Feb 25, 2026 | $0.92 |
| Jan 21, 2026 | Jan 26, 2026 | $0.43 |
| Dec 22, 2025 | Dec 29, 2025 | $0.63 |
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