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USOI ETN — Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)
Updated October 16, 2026.
Verdict as of October 16, 2026
USOI's distribution is rated elevated risk by the Dividend Vision Distribution Safety Score™ (24/100, high confidence). It pays monthly and its distribution rate is 79.34%. The latest total cash payment per current share, $1.70 with an ex-date of September 22, 2026, was 37.0% lower than the previous $2.70. These payments are unclassified; this does not establish a base-dividend change.
Sources: UBS Asset Management page for USOI, Section 19a-1 notices, scoring methodology.
USOI is an ETN linked to USO. its distribution rate is 79.34%, its trailing-12-month yield is 50.52%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 24/100 (Elevated risk). Total return is 22.1% over the past 9.5 years, 75.0 points behind USO at 97.1%.
USOI dividend yield and income
Price as of 2026-10-16.
The distribution rate (79.34%) uses calculation basis unavailable. Trailing-12-month yield (50.52%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $3.1386. The ex-dividend date is 10/21/2026. The payment date is 10/26/2026.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-09-22 | $1.7 | $1.7 | -37.0% Unclassified cash |
| 2026-08-20 | $2.7 | $2.7 | 28.6% Unclassified cash |
| 2026-07-22 | $2.1 | $2.1 | -17.6% Unclassified cash |
| 2026-06-22 | $2.547 | $2.547 | -10.7% Unclassified cash |
| 2026-05-20 | $2.851 | $2.851 | -61.9% Unclassified cash |
| 2026-04-22 | $7.474 | $7.474 | 478.5% Unclassified cash |
| 2026-03-20 | $1.292 | $1.292 | 40.9% Unclassified cash |
| 2026-02-20 | $0.917 | $0.917 | 114.8% Unclassified cash |
| 2026-01-21 | $0.427 | $0.427 | -32.0% Unclassified cash |
| 2025-12-22 | $0.628 | $0.628 | 5.2% Unclassified cash |
| 2025-11-20 | $0.597 | $0.597 | -20.4% Unclassified cash |
| 2025-10-22 | $0.75 | $0.75 | 29.1% Unclassified cash |
| 2025-09-22 | $0.581 | $0.581 | -24.4% Unclassified cash |
| 2025-08-20 | $0.769 | $0.769 | -69.1% Unclassified cash |
| 2025-07-22 | $2.485 | $2.485 | 19.7% Unclassified cash |
| 2025-06-20 | $2.076 | $2.076 | 143.9% Unclassified cash |
| 2025-05-21 | $0.851 | $0.851 | 0.6% Unclassified cash |
| 2025-04-22 | $0.846 | $0.846 | 120.3% Unclassified cash |
| 2025-03-20 | $0.384 | $0.384 | -78.1% Unclassified cash |
| 2025-02-21 | $1.75 | $1.75 | 50.6% Unclassified cash |
| 2025-01-22 | $1.162 | $1.162 | -21.8% Unclassified cash |
| 2024-12-20 | $1.486 | $1.486 | -9.4% Unclassified cash |
| 2024-11-20 | $1.641 | $1.641 | 74.8% Unclassified cash |
| 2024-10-22 | $0.939 | $0.939 | -55.8% Unclassified cash |
| 2024-09-20 | $2.125 | $2.125 | 407.2% Unclassified cash |
| 2024-08-21 | $0.419 | $0.419 | -41.8% Unclassified cash |
| 2024-07-22 | $0.72 | $0.72 | -8.9% Unclassified cash |
| 2024-06-21 | $0.79 | $0.79 | -20.9% Unclassified cash |
| 2024-05-21 | $0.999 | $0.999 | 12.1% Unclassified cash |
| 2024-04-19 | $0.8915 | $0.8915 | -48.0% Unclassified cash |
| 2024-03-19 | $1.713 | $1.713 | 10.9% Unclassified cash |
| 2024-02-20 | $1.545 | $1.545 | 83.3% Unclassified cash |
| 2024-01-19 | $0.843 | $0.843 | 9.9% Unclassified cash |
| 2023-12-19 | $0.767 | $0.767 | -58.7% Unclassified cash |
| 2023-11-20 | $1.859 | $1.859 | 38.2% Unclassified cash |
| 2023-10-19 | $1.345 | $1.345 | 65.0% Unclassified cash |
| 2023-09-19 | $0.815 | $0.815 | -51.5% Unclassified cash |
| 2023-08-21 | $1.679 | $1.679 | 42.4% Unclassified cash |
| 2023-07-19 | $1.179 | $1.179 | 37.3% Unclassified cash |
| 2023-06-20 | $0.859 | $0.859 | -55.9% Unclassified cash |
| 2023-05-19 | $1.948 | $1.948 | 223.6% Unclassified cash |
| 2023-04-19 | $0.602 | $0.602 | -78.8% Unclassified cash |
| 2023-03-21 | $2.844 | $2.844 | -14.7% Unclassified cash |
| 2023-02-21 | $3.333 | $3.333 | 141.2% Unclassified cash |
| 2023-01-19 | $1.382 | $1.382 | 12.4% Unclassified cash |
| 2022-12-20 | $1.229 | $1.229 | -30.0% Unclassified cash |
| 2022-11-18 | $1.756 | $1.756 | -33.7% Unclassified cash |
| 2022-10-19 | $2.647 | $2.647 | 4.2% Unclassified cash |
| 2022-09-20 | $0.127 | $2.54 | 35.1% Unclassified cash |
| 2022-08-19 | $0.094 | $1.88 | -44.7% Unclassified cash |
| 2022-07-19 | $0.17 | $3.4 | -32.8% Unclassified cash |
| 2022-06-21 | $0.253 | $5.06 | 11.0% Unclassified cash |
| 2022-05-19 | $0.228 | $4.56 | 16.3% Unclassified cash |
| 2022-04-19 | $0.196 | $3.92 | 75.0% Unclassified cash |
| 2022-03-21 | $0.112 | $2.24 | -34.1% Unclassified cash |
| 2022-02-18 | $0.17 | $3.4 | 14.1% Unclassified cash |
| 2022-01-20 | $0.149 | $2.98 | 122.4% Unclassified cash |
| 2021-12-21 | $0.067 | $1.34 | -53.5% Unclassified cash |
| 2021-11-19 | $0.144 | $2.88 | 176.9% Unclassified cash |
| 2021-10-19 | $0.052 | $1.04 | -46.4% Unclassified cash |
| 2021-09-21 | $0.097 | $1.94 | 42.6% Unclassified cash |
| 2021-08-19 | $0.068 | $1.36 | 9.7% Unclassified cash |
| 2021-07-20 | $0.062 | $1.24 | -6.1% Unclassified cash |
| 2021-06-21 | $0.066 | $1.32 | -39.4% Unclassified cash |
| 2021-05-19 | $0.109 | $2.18 | 21.1% Unclassified cash |
| 2021-04-20 | $0.09 | $1.8 | 45.2% Unclassified cash |
| 2021-03-19 | $0.062 | $1.24 | -65.7% Unclassified cash |
| 2021-02-19 | $0.181 | $3.62 | 178.5% Unclassified cash |
| 2021-01-19 | $0.065 | $1.3 | -47.2% Unclassified cash |
| 2020-12-21 | $0.123 | $2.46 | -0.8% Unclassified cash |
| 2020-11-19 | $0.124 | $2.48 | 287.5% Unclassified cash |
| 2020-10-20 | $0.032 | $0.64 | -54.9% Unclassified cash |
| 2020-09-21 | $0.071 | $1.42 | -31.1% Unclassified cash |
| 2020-08-19 | $0.103 | $2.06 | 1.0% Unclassified cash |
| 2020-07-21 | $0.102 | $2.04 | -77.5% Unclassified cash |
| 2020-06-19 | $0.453 | $9.06 | -1.5% Unclassified cash |
| 2020-05-19 | $0.46 | $9.2 | -60.1% Unclassified cash |
| 2020-04-21 | $1.154 | $23.08 | 280.9% Unclassified cash |
| 2020-03-19 | $0.303 | $6.06 | 98.0% Unclassified cash |
| 2020-02-20 | $0.153 | $3.06 | 57.7% Unclassified cash |
| 2020-01-21 | $0.097 | $1.94 | -53.4% Unclassified cash |
| 2019-12-19 | $0.208 | $4.16 | -36.4% Unclassified cash |
| 2019-11-19 | $0.327 | $6.54 | 9.7% Unclassified cash |
| 2019-10-21 | $0.298 | $5.96 | 109.9% Unclassified cash |
| 2019-09-19 | $0.142 | $2.84 | -56.2% Unclassified cash |
| 2019-08-20 | $0.324 | $6.48 | 26.6% Unclassified cash |
| 2019-07-19 | $0.256 | $5.12 | 29.3% Unclassified cash |
| 2019-06-19 | $0.198 | $3.96 | -17.8% Unclassified cash |
| 2019-05-21 | $0.241 | $4.82 | 84.0% Unclassified cash |
| 2019-04-17 | $0.131 | $2.62 | 28.4% Unclassified cash |
| 2019-03-19 | $0.102 | $2.04 | -89.0% Unclassified cash |
| 2019-02-19 | $0.927 | $18.54 | 74.2% Unclassified cash |
| 2019-01-18 | $0.532 | $10.64 | 197.2% Unclassified cash |
| 2018-12-19 | $0.179 | $3.58 | 13.3% Unclassified cash |
| 2018-11-19 | $0.158 | $3.16 | -44.9% Unclassified cash |
| 2018-10-19 | $0.287 | $5.74 | 120.8% Unclassified cash |
| 2018-09-19 | $0.13 | $2.6 | -7.1% Unclassified cash |
| 2018-08-21 | $0.14 | $2.8 | -65.0% Unclassified cash |
| 2018-07-19 | $0.4 | $8 | 9.3% Unclassified cash |
| 2018-06-19 | $0.366 | $7.32 | -17.2% Unclassified cash |
| 2018-05-21 | $0.442 | $8.84 | 250.8% Unclassified cash |
| 2018-04-19 | $0.126 | $2.52 | 186.4% Unclassified cash |
| 2018-03-20 | $0.044 | $0.88 | -74.0% Unclassified cash |
| 2018-02-20 | $0.169 | $3.38 | 168.3% Unclassified cash |
| 2018-01-19 | $0.063 | $1.26 | 6.8% Unclassified cash |
| 2017-12-19 | $0.059 | $1.18 | -66.1% Unclassified cash |
| 2017-11-20 | $0.174 | $3.48 | -50.7% Unclassified cash |
| 2017-10-19 | $0.353 | $7.06 | 207.0% Unclassified cash |
| 2017-09-19 | $0.115 | $2.3 | -60.9% Unclassified cash |
| 2017-08-18 | $0.294 | $5.88 | 14.8% Unclassified cash |
| 2017-07-18 | $0.256 | $5.12 | -39.6% Unclassified cash |
| 2017-06-19 | $0.424 | $8.48 | 5363.9% Unclassified cash |
| 2017-05-18 | $0.00776 | $0.1552 | — |
| 2017 total (partial launch year) | — | $33.6552 | — |
| 2018 total | — | $50.08 | — |
| 2019 total | — | $73.72 | 47.2% |
| 2020 total | — | $63.5 | -13.9% |
| 2021 total | — | $21.26 | -66.5% |
| 2022 total | — | $35.612 | 67.5% |
| 2023 total | — | $18.612 | -47.7% |
| 2024 total | — | $14.1115 | -24.2% |
| 2025 total | — | $12.879 | -8.7% |
| 2026 YTD total | — | $22.008 | 101.8% vs prior-year YTD |
USOI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +60.2%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -70.40%.
| Window | Change |
|---|---|
| 1Y | +60.2% |
| 3Y | 18.3% |
| 5Y | 11.1% |
USOI performance versus USO
Price and return data through 2026-10-16.
Total return is 22.1% over the past 9.5 years, 75.0 points behind USO at 97.1%. Over the past year its total return — price change plus distributions reinvested — is 59.8%. Its deepest 1-year drawdown was 23.2%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 4.5% | — |
| 3M | 17.9% | — |
| 6M | 17.7% | — |
| YTD | 54.3% | — |
| 1Y | 59.8% | — |
| 2Y CAGR | — | 22.80% |
| 3Y CAGR | — | 12.80% |
| 5Y CAGR | — | 14.00% |
| Since inception (9.5 years) | 22.1% | 2.10% |
USOI key facts
- Distribution Safety Score™
- 24 · Elevated risk
- Safety-Adjusted Yield
- 19.04%
- Issuer
- UBS Asset Management
- Asset type
- ETN
- Asset class
- Commodity
- Inception date
- 04/25/2017
- Expense ratio
- 0.85%
- Distribution rate
- 79.34%
- Distribution frequency
- Monthly
- Trailing yield
- 50.52%
- Last close
- $47.47 (as of 2026-10-16)
- AUM
- $315,149,177
- Average volume
- 177909.0
- Dividend
- $3.1386
- Ex-dividend date
- 10/21/2026
- Payment date
- 10/26/2026
- Beta
- 0.99
How Dividend Vision calculates yield and returns
Distribution rate (79.34%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (50.52%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: UBS Asset Management or company page; Index: USO; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
USOI risks and drawbacks
Total return has trailed USO over the available window. The deepest 1-year drawdown on record here is 23.2%.
Who may consider USOI — and who may not
It is a weaker fit for investors whose main goal is matching USO total return. This is educational context, not a recommendation to buy or sell.
More on USOI
Frequently asked questions
Does USOI pay monthly?
Yes. USOI currently pays monthly.
What is USOI linked to?
USOI is linked to USO, not a broad market index.
What is USOI's expense ratio?
USOI's expense ratio is 0.85%.
What is USOI's dividend yield?
USOI's distribution rate is 79.34%, paid monthly, with a 0.85% expense ratio — calculation basis unavailable.
How has USOI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +60.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does USOI pay a dividend?
USOI pays monthly. The dividend amount is $3.1386. The ex-dividend date is 10/21/2026. The payment date is 10/26/2026.
How has USOI performed?
Total return is 22.1% over the past 9.5 years, 75.0 points behind USO at 97.1%. Over the past year its total return — price change plus distributions reinvested — is 59.8%. Its deepest 1-year drawdown was 23.2%.
Is USOI a good investment?
USOI's Dividend Vision Distribution Safety Score is 24 (Elevated risk). That is a risk signal, not investment advice. Its distribution rate is 79.34% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
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