AMOM vs. OILK
Compare and contrast key facts about QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
AMOM and OILK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMOM is an actively managed fund by Exchange Traded Concepts. It was launched on May 21, 2019. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMOM or OILK.
Key characteristics
| AMOM | OILK | |
|---|---|---|
| YTD Return | 38.41% | 6.06% |
| 1Y Return | 51.14% | 2.04% |
| 3Y Return (Ann) | 6.67% | 8.33% |
| 5Y Return (Ann) | 18.67% | -1.86% |
| Sharpe Ratio | 2.33 | 0.10 |
| Sortino Ratio | 2.98 | 0.30 |
| Omega Ratio | 1.42 | 1.04 |
| Calmar Ratio | 2.38 | 0.06 |
| Martin Ratio | 11.22 | 0.34 |
| Ulcer Index | 4.46% | 6.71% |
| Daily Std Dev | 21.45% | 23.83% |
| Max Drawdown | -40.03% | -83.76% |
| Current Drawdown | 0.00% | -33.04% |
Correlation
The correlation between AMOM and OILK is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMOM vs. OILK - Performance Comparison
In the year-to-date period, AMOM achieves a 38.41% return, which is significantly higher than OILK's 6.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMOM vs. OILK - Expense Ratio Comparison
AMOM has a 0.75% expense ratio, which is higher than OILK's 0.68% expense ratio.
Risk-Adjusted Performance
AMOM vs. OILK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AMOM vs. OILK - Dividend Comparison
AMOM's dividend yield for the trailing twelve months is around 0.15%, less than OILK's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.15% | 0.47% | 0.72% | 0.14% | 24.32% | 5.51% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 2.94% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Drawdowns
AMOM vs. OILK - Drawdown Comparison
The maximum AMOM drawdown since its inception was -40.03%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for AMOM and OILK. For additional features, visit the drawdowns tool.
Volatility
AMOM vs. OILK - Volatility Comparison
The current volatility for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) is 6.18%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 8.58%. This indicates that AMOM experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.