BIB vs. OILK

Last updated Jun 5, 2026

BIB (ProShares Ultra Nasdaq Biotechnology) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - BIB is a Leveraged Equities fund tracking the NASDAQ Biotechnology Index (200%), 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, BIB returned -0.11%/yr vs 17.28%/yr for OILK. At a 0.07 correlation, their price movements are largely independent. BIB charges 0.95%/yr vs 0.68%/yr for OILK.

Performance

BIB vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Biotechnology (BIB) 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, BIB achieves a 4.15% return, which is significantly lower than OILK's 61.09% return.

BIB

• 1D: 4.68%
• 1M: 0.28%
• YTD: 4.15%
• 6M: 1.65%
• 1Y: 85.17%
• 3Y*: 16.12%
• 5Y*: -0.11%
• 10Y*: 5.85%

OILK

• 1D: -1.91%
• 1M: -2.15%
• YTD: 61.09%
• 6M: 56.40%
• 1Y: 56.95%
• 3Y*: 18.39%
• 5Y*: 17.28%
• 10Y*: —

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

BIB vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIB ProShares Ultra Nasdaq Biotechnology	4.15%	59.21%	-9.84%	-1.06%	-28.85%	-6.02%	39.79%	46.71%	-24.93%	40.49%
OILK ProShares K-1 Free Crude Oil Strategy ETF	61.09%	-11.86%	8.18%	-0.97%	27.57%	63.71%	-61.09%	30.48%	-20.40%	2.82%

Correlation

The correlation between BIB and OILK is -0.26, 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	-0.26
Correlation (3Y) Calculated over the trailing 3-year period	-0.11
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Sep 29, 2016	0.07

The correlation between BIB and OILK shifts across timeframes, from -0.26 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

BIB vs. OILK - Sectors Allocation Comparison

Sectors	BIB	OILK
Healthcare	63.8%	-
Financial Services	7.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BIB vs. OILK — Risk / Return Rank

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

BIB

BIB Risk / Return Rank: 70
BIB Sharpe Ratio Rank: 66
BIB Sortino Ratio Rank: 59
BIB Omega Ratio Rank: 53
BIB Calmar Ratio Rank: 88
BIB Martin Ratio Rank: 82

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.

BIB vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Biotechnology (BIB) 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.

	BIB	OILK	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.99	+0.16
Sortino ratio: Return per unit of downside risk	2.77	2.51	+0.26
Omega ratio: Gain probability vs. loss probability	1.32	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	5.06	3.30	+1.76
Martin ratio: Return relative to average drawdown	16.05	6.67	+9.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIB vs. OILK - Sharpe Ratio Comparison

The current BIB Sharpe Ratio is 2.15, which is comparable to the OILK Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of BIB 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

	BIB	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.99	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.58	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.11	+0.23

Drawdowns

BIB vs. OILK - Drawdown Comparison

The maximum BIB drawdown since its inception was -67.24%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for BIB and OILK.

Drawdown Indicators

	BIB	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-67.24%	-83.76%	+16.52%
Max Drawdown (1Y) Largest decline over 1 year	-16.92%	-17.35%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-45.30%	-23.42%	-21.88%
Max Drawdown (5Y) Largest decline over 5 years	-65.86%	-34.69%	-31.17%
Max Drawdown (10Y) Largest decline over 10 years	-66.20%	—	—
Current Drawdown Current decline from peak	-23.43%	-5.49%	-17.94%
Average Drawdown Average peak-to-trough decline	-32.74%	-32.60%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	8.57%	-3.25%

Volatility

BIB vs. OILK - Volatility Comparison

ProShares Ultra Nasdaq Biotechnology (BIB) has a higher volatility of 14.70% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 10.52%. This indicates that BIB's price experiences larger fluctuations and is considered to be riskier than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIB	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.70%	10.52%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	30.88%	23.32%	+7.56%
Volatility (1Y) Calculated over the trailing 1-year period	39.80%	28.82%	+10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.59%	30.13%	+13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	35.97%	+10.54%

BIB vs. OILK - Expense Ratio Comparison

BIB has a 0.95% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

BIB vs. OILK - Dividend Comparison

BIB's dividend yield for the trailing twelve months is around 0.59%, less than OILK's 8.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIB ProShares Ultra Nasdaq Biotechnology	0.59%	0.77%	1.69%	0.07%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
OILK ProShares K-1 Free Crude Oil Strategy ETF	8.34%	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 BIB and OILK in my portfolio?

BIB and OILK have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIB or OILK?

BIB has higher volatility (14.70%) compared to OILK (10.52%). In terms of maximum drawdown, BIB dropped -67.24% vs OILK's -83.76%.

Which ETF is better, BIB or OILK?

On 5-year performance, OILK leads with 17.28% vs -0.11% for BIB. On fees, OILK is cheaper at 0.68% per year. On volatility, OILK has been the lower-risk option at 10.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIB or OILK?

Over the 5-year period, OILK has performed better with a 17.28% return vs -0.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIB or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.95% for BIB.

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

OILK has the higher dividend yield at 8.34%, compared with 0.59% for BIB.

What is the main difference between BIB and OILK?

BIB is categorized as Leveraged Equities, while OILK is Oil & Gas. BIB tracks NASDAQ Biotechnology Index (200%), while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. Their fees differ too: 0.95% for BIB and 0.68% for OILK.

Which has better risk-adjusted returns?

BIB currently has the higher Sharpe Ratio (2.15 vs 1.99), 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.