BETZ vs. OILK

Last updated Jun 4, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming 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, BETZ returned -8.90%/yr vs 17.73%/yr for OILK. At a 0.12 correlation, their price movements are largely independent. BETZ charges 0.75%/yr vs 0.68%/yr for OILK.

Performance

BETZ vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETZ achieves a -10.38% return, which is significantly lower than OILK's 64.22% return.

BETZ

• 1D: -1.20%
• 1M: -1.15%
• YTD: -10.38%
• 6M: -8.91%
• 1Y: -6.17%
• 3Y*: 4.93%
• 5Y*: -8.90%
• 10Y*: —

OILK

• 1D: 1.40%
• 1M: -1.65%
• YTD: 64.22%
• 6M: 60.70%
• 1Y: 58.99%
• 3Y*: 19.03%
• 5Y*: 17.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETZ vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	-10.38%	15.75%	10.22%	21.17%	-42.02%	-3.91%	60.54%
OILK ProShares K-1 Free Crude Oil Strategy ETF	64.22%	-11.86%	8.18%	-0.97%	27.57%	63.71%	22.37%

Correlation

The correlation between BETZ and OILK is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.12

The correlation between BETZ and OILK shifts across timeframes, from -0.20 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

BETZ vs. OILK - Sectors Allocation Comparison

Sectors	BETZ	OILK
Consumer Cyclical	96.4%	100.0%
Technology	2.8%	-
Communication Services	0.8%	-
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. OILK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETZ

BETZ Risk / Return Rank: 6
BETZ Sharpe Ratio Rank: 6
BETZ Sortino Ratio Rank: 6
BETZ Omega Ratio Rank: 6
BETZ Calmar Ratio Rank: 7
BETZ Martin Ratio Rank: 7

OILK

OILK Risk / Return Rank: 55
OILK Sharpe Ratio Rank: 60
OILK Sortino Ratio Rank: 53
OILK Omega Ratio Rank: 54
OILK Calmar Ratio Rank: 68
OILK Martin Ratio Rank: 42

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.

BETZ vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) 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.

	BETZ	OILK	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	2.06	-2.37
Sortino ratio: Return per unit of downside risk	-0.29	2.59	-2.88
Omega ratio: Gain probability vs. loss probability	0.97	1.34	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.21	3.42	-3.63
Martin ratio: Return relative to average drawdown	-0.36	6.91	-7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BETZ vs. OILK - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.30, which is lower than the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BETZ and OILK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BETZ	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	2.06	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.59	-0.92
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.12	+0.02

Drawdowns

BETZ vs. OILK - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for BETZ and OILK.

Drawdown Indicators

	BETZ	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-83.76%	+22.94%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-17.35%	-11.85%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	-23.42%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	-60.35%	-34.69%	-25.66%
Current Drawdown Current decline from peak	-39.37%	-3.66%	-35.71%
Average Drawdown Average peak-to-trough decline	-33.81%	-32.61%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.99%	8.56%	+8.43%

Volatility

BETZ vs. OILK - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.29%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that BETZ 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.

Volatility by Period

	BETZ	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	10.44%	-5.15%
Volatility (6M) Calculated over the trailing 6-month period	15.81%	23.26%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	28.75%	-8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.94%	30.12%	-3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.94%	35.97%	-8.03%

BETZ vs. OILK - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

BETZ vs. OILK - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.10%, less than OILK's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BETZ Roundhill Sports Betting & iGaming ETF	5.10%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%	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

Can I hold both BETZ and OILK in my portfolio?

BETZ and OILK have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETZ or OILK?

OILK has higher volatility (10.44%) compared to BETZ (5.29%). In terms of maximum drawdown, BETZ dropped -60.82% vs OILK's -83.76%.

Which ETF is better, BETZ or OILK?

On 5-year performance, OILK leads with 17.73% vs -8.90% for BETZ. On fees, OILK is cheaper at 0.68% per year. On volatility, BETZ has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or OILK?

Over the 5-year period, OILK has performed better with a 17.73% return vs -8.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETZ or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.75% for BETZ.

Which ETF pays a higher dividend yield, BETZ or OILK?

OILK has the higher dividend yield at 8.18%, compared with 5.10% for BETZ.

What is the main difference between BETZ and OILK?

BETZ is categorized as Consumer Discretionary Equities, while OILK is Oil & Gas. BETZ tracks Roundhill Sports Betting & iGaming Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Roundhill Investments and ProShares. Their fees differ too: 0.75% for BETZ and 0.68% for OILK.

Which has better risk-adjusted returns?

OILK currently has the higher Sharpe Ratio (2.06 vs -0.30), 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.