PortfoliosLab logoPortfoliosLab logo
ISIN
US74347G8042
CUSIP
74347G804
Issuer
ProShares
Inception Date
Sep 26, 2016
Region
Global (Broad)
Category
Oil & Gas
Leveraged
1x (No leverage)
Index Tracked
Bloomberg Commodity Balanced WTI Crude Oil Index
Distribution Policy
Distributing
Asset Class
Commodity
Assets Under Management
$276M

Share Price Chart


Loading charts...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

OILK Performance Chart

ProShares K-1 Free Crude Oil Strategy ETF (OILK) is up 58.7% since the beginning of the year. OILK is currently trading at $55 per share. Investors who bought $1,000 worth of OILK shares 5 years ago would now be looking at an investment worth $2,185.


Loading charts...

S&P 500 Index

Returns By Period

ProShares K-1 Free Crude Oil Strategy ETF (OILK) has returned 58.67% so far this year and 53.67% over the past 12 months.


ProShares K-1 Free Crude Oil Strategy ETF

1D
-1.50%
1M
2.45%
YTD
58.67%
6M
52.94%
1Y
53.67%
3Y*
17.93%
5Y*
16.92%
10Y*

Benchmark (S&P 500 Index)

1D
-2.64%
1M
0.25%
YTD
7.86%
6M
7.47%
1Y
24.32%
3Y*
19.90%
5Y*
11.79%
10Y*
13.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OILK Monthly Returns History

Based on dividend-adjusted daily data since Sep 28, 2016, OILK's average daily return is +0.04%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.

Historically, 56% of months were positive and 44% were negative. The best month was May 2020 with a return of +33.9%, while the worst month was Mar 2020 at -54.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, OILK closed higher 54% of trading days. The best single day was Apr 2, 2020 with a return of +17.6%, while the worst single day was Apr 21, 2020 at -27.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.47%3.42%25.62%11.01%-3.81%1.68%58.67%
20251.13%-2.42%1.44%-15.42%3.61%6.01%7.92%-4.91%-1.36%-1.83%-1.88%-2.81%-11.86%
20245.18%1.88%6.35%0.23%-2.72%4.38%-2.60%-4.76%-4.70%2.84%-1.48%4.13%8.18%
2023-1.05%-2.90%-1.25%1.35%-9.43%5.11%14.43%2.28%5.41%-4.00%-4.90%-3.96%-0.97%
202213.87%7.58%11.47%2.90%9.67%-5.88%-2.35%-5.81%-11.81%9.62%-0.61%-0.48%27.57%
20217.37%18.17%-2.75%6.90%4.53%9.28%1.62%-4.68%8.45%7.06%-14.54%13.03%63.71%

Benchmark Metrics

ProShares K-1 Free Crude Oil Strategy ETF has an annualized alpha of 2.55%, beta of 0.55, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since September 29, 2016.

  • This ETF participated in 108.02% of S&P 500 Index downside but only 70.44% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.55 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
2.55%
Beta
0.55
0.08
Upside Capture
70.44%
Downside Capture
108.02%

Expense Ratio

OILK has an expense ratio of 0.68%, placing it in the medium range.


Return for Risk

Risk / Return Rank

OILK ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


OILK Risk / Return Rank: 5757
Overall Rank
OILK Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
OILK Sortino Ratio Rank: 5555
Sortino Ratio Rank
OILK Omega Ratio Rank: 5656
Omega Ratio Rank
OILK Calmar Ratio Rank: 6868
Calmar Ratio Rank
OILK Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares K-1 Free Crude Oil Strategy ETF (OILK) and compare them to S&P 500 Index.


OILKBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.14

Sortino ratioReturn per unit of downside risk

-0.31

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

3.11

2.69

+0.42

Martin ratioReturn relative to average drawdown

6.27

12.34

-6.07

Dividends

Dividend History

ProShares K-1 Free Crude Oil Strategy ETF provided a 8.46% dividend yield over the last twelve months, with an annual payout of $4.67 per share.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%$0.00$5.00$10.00$15.00$20.00$25.00201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
Dividend$4.67$1.78$1.38$2.44$7.76$27.97$0.06$1.04$0.49$6.68

Dividend yield

8.46%4.79%3.11%5.80%17.32%68.82%0.13%0.94%0.58%6.17%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares K-1 Free Crude Oil Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.03$0.27$0.87$1.19$1.44$3.80
2025$0.00$0.31$0.32$0.09$0.10$0.09$0.39$0.11$0.10$0.11$0.08$0.08$1.78
2024$0.00$0.22$0.00$0.00$0.26$0.00$0.23$0.00$0.12$0.14$0.12$0.29$1.38
2023$0.00$0.00$0.06$0.11$0.10$0.12$0.12$0.12$0.12$1.02$0.48$0.20$2.44
2022$0.00$0.12$0.42$1.53$1.07$1.60$1.35$0.84$0.83$0.00$0.00$0.00$7.76
2021$0.00$0.00$0.00$0.00$0.00$3.00$0.00$0.00$5.61$0.00$6.17$13.19$27.97

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares K-1 Free Crude Oil Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares K-1 Free Crude Oil Strategy ETF was 83.76%, occurring on Apr 28, 2020. Recovery took 1511 trading sessions.

The current ProShares K-1 Free Crude Oil Strategy ETF drawdown is 6.91%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-83.76%Apr 2020
1y 6mo6y 7d
7y 7moOct 2018 - May 2026
2017 bear market2017
-26.31%Jun 2017
5mo 25d6mo 8d
12mo 3dDec 2016 - Dec 2017
2016 correction2016
-15.71%Nov 2016
1mo 4d29d
2mo 3dOct 2016 - Dec 2016
2018 correction2018
-10.75%Feb 2018
11d1mo 12d
1mo 23dJan 2018 - Mar 2018
2018 correction2018
-10.69%Aug 2018
1mo 14d1mo 10d
2mo 24dJul 2018 - Sep 2018

Drawdown Indicators


OILKBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-83.76%

-56.78%

-26.98%

Max Drawdown (1Y)

Largest decline over 1 year

-17.35%

-9.10%

-8.25%

Max Drawdown (3Y)

Largest decline over 3 years

-23.42%

-18.90%

-4.52%

Max Drawdown (5Y)

Largest decline over 5 years

-34.69%

-25.43%

-9.26%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-6.91%

-2.97%

-3.94%

Average Drawdown

Average peak-to-trough decline

-32.59%

-10.72%

-21.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.58%

1.97%

+6.61%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading charts...

Portfolio Analyzer

Build a portfolio with OILK

Add ProShares K-1 Free Crude Oil Strategy ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with OILK