ETF Evaluator: UBS ETRACS Crude Oil Shares Cov Cll ETN () Follow This ETF

UBS ETRACS Crude Oil Shares Cov Cll ETN Overview

UBS ETRACS Crude Oil Shares Cov Cll ETN (USOI) is a passively managed Commodities Commodities Focused exchange-traded fund (ETF). UBS AG launched the ETF in 2017.

The investment seeks a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the “index”). The index measures the return of a “covered call” strategy on the shares of the United States Oil Fund, LP (the “USO Fund”, and such shares the “USO Shares”) by reflecting changes in the price of the USO Shares and the notional option premiums received from the notional sale of monthly call options on the USO Shares less the Notional Transaction Costs incurred in connection with the implementation of the covered call strategy.

About UBS ETRACS Crude Oil Shares Cov Cll ETN (USOI)

There are 1 members of the management team with an average tenure of 9.27 years: No Manager (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: CS Nasdaq WTI Crude Oil FLOWS 106 PR USD index with a weighting of 100%. UBS ETRACS Crude Oil Shares Cov Cll ETN has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

UBS ETRACS Crude Oil Shares Cov Cll ETN is part of the Real Assets global asset class and is within the Commodities ETF group. UBS ETRACS Crude Oil Shares Cov Cll ETN has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). UBS ETRACS Crude Oil Shares Cov Cll ETN has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $253 million in total assets, which is below the $4 billion average for the Commodities Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

USOI Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The UBS ETRACS Crude Oil Shares Cov Cll ETN expense ratio is high compared to funds in the Commodities Focused category. UBS ETRACS Crude Oil Shares Cov Cll ETN has an expense ratio of 0.85%, which is 11% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. UBS ETRACS Crude Oil Shares Cov Cll ETN has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 15% for the Commodities Focused category.

Recently, in the month of July 2026, UBS ETRACS Crude Oil Shares Cov Cll ETN returned 9.0%, which earned it a grade of A, as the Commodities Focused category had an average return of 5.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

UBS ETRACS Crude Oil Shares Cov Cll ETN has a trailing yield of 46.37%, which is above the 7.11% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

UBS ETRACS Crude Oil Shares Cov Cll ETN Grades

Year to date, the ETF has returned 32.5%, 1.1 percentage points better than the category, which translates into a grade of A. The fund has returned 22.6% over the past year (grade of C), 9.5% over the past three years (grade of D) and 12.1% per year over the past five years (grade of C).

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