AUGZ vs. OILK
AUGZ (TrueShares Structured Outcome (August) ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past 5 years, AUGZ returned 10.83%/yr vs 17.73%/yr for OILK. At a 0.11 correlation, their price movements are largely independent. AUGZ charges 0.79%/yr vs 0.68%/yr for OILK.
Performance
AUGZ vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly lower than OILK's 64.22% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
OILK
- 1D
- 1.40%
- 1M
- -1.65%
- YTD
- 64.22%
- 6M
- 60.70%
- 1Y
- 58.99%
- 3Y*
- 19.03%
- 5Y*
- 17.73%
- 10Y*
- —
AUGZ vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 13.49% | 17.99% | 17.32% | -10.41% | 20.74% | 11.28% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 64.22% | -11.86% | 8.18% | -0.97% | 27.57% | 63.71% | 13.13% |
Correlation
The correlation between AUGZ and OILK is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2020 | 0.11 |
The correlation between AUGZ and OILK shifts across timeframes, from -0.28 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AUGZ vs. OILK — Risk / Return Rank
AUGZ
OILK
AUGZ vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) 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.
| AUGZ | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.42 | -0.52 |
| Martin ratioReturn relative to average drawdown | 12.46 | 6.91 | +5.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUGZ | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.06 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.59 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.12 | +0.97 |
Drawdowns
AUGZ vs. OILK - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for AUGZ and OILK.
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Drawdown Indicators
| AUGZ | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -83.76% | +68.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -17.35% | +10.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -23.42% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -34.69% | +19.02% |
Current DrawdownCurrent decline from peak | -0.55% | -3.66% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -32.61% | +29.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 8.56% | -6.88% |
Volatility
AUGZ vs. OILK - Volatility Comparison
The current volatility for TrueShares Structured Outcome (August) ETF (AUGZ) is 2.60%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that AUGZ 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.
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Volatility by Period
| AUGZ | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 10.44% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 23.26% | -16.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 28.75% | -19.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 30.12% | -18.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 35.97% | -23.87% |
AUGZ vs. OILK - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
AUGZ vs. OILK - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, less than OILK's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 8.18% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
AUGZ and OILK have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (10.44%) compared to AUGZ (2.60%). In terms of maximum drawdown, AUGZ dropped -15.67% vs OILK's -83.76%.
On 5-year performance, OILK leads with 17.73% vs 10.83% for AUGZ. On fees, OILK is cheaper at 0.68% per year. On volatility, AUGZ has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OILK has performed better with a 17.73% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILK is cheaper with a 0.68% expense ratio, compared with 0.79% for AUGZ.
OILK has the higher dividend yield at 8.18%, compared with 3.35% for AUGZ.
AUGZ is categorized as Defined Outcome, while OILK is Oil & Gas. AUGZ tracks S&P 500 Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for AUGZ and 0.68% for OILK.
AUGZ currently has the higher Sharpe Ratio (2.21 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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