BPAY vs. OILK

Last updated Jun 5, 2026

BPAY (BlackRock Future Financial and Technology ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - BPAY is a Financials Equities fund actively managed by BlackRock, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. BPAY is actively managed, while OILK is passively managed. Over the past 3 years, BPAY returned 9.60%/yr vs 18.39%/yr for OILK. At a 0.10 correlation, their price movements are largely independent. BPAY charges 0.70%/yr vs 0.68%/yr for OILK.

Performance

BPAY vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Future Financial and Technology ETF (BPAY) 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, BPAY achieves a -10.58% return, which is significantly lower than OILK's 61.09% return.

BPAY

• 1D: 2.12%
• 1M: -1.68%
• YTD: -10.58%
• 6M: -13.16%
• 1Y: -9.61%
• 3Y*: 9.60%
• 5Y*: —
• 10Y*: —

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)

BPAY vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BPAY BlackRock Future Financial and Technology ETF	-10.58%	8.54%	17.28%	13.19%	-16.39%
OILK ProShares K-1 Free Crude Oil Strategy ETF	61.09%	-11.86%	8.18%	-0.97%	-5.74%

Correlation

The correlation between BPAY 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	-0.00
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.10

The correlation between BPAY and OILK shifts across timeframes, from -0.20 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

BPAY vs. OILK - Sectors Allocation Comparison

Sectors	BPAY	OILK
Financial Services	53.0%	-
Technology	36.4%	-
Consumer Cyclical	6.0%	100.0%
Industrials	4.6%	-
Real Estate	2.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BPAY vs. OILK — Risk / Return Rank

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

BPAY

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

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.

BPAY vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) 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.

	BPAY	OILK	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	1.99	-2.36
Sortino ratio: Return per unit of downside risk	-0.35	2.51	-2.87
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.29	3.30	-3.58
Martin ratio: Return relative to average drawdown	-0.56	6.67	-7.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPAY vs. OILK - Sharpe Ratio Comparison

The current BPAY Sharpe Ratio is -0.37, which is lower than the OILK Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of BPAY 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

	BPAY	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	1.99	-2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.11	-0.03

Drawdowns

BPAY vs. OILK - Drawdown Comparison

The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for BPAY and OILK.

Drawdown Indicators

	BPAY	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-83.76%	+50.14%
Max Drawdown (1Y) Largest decline over 1 year	-33.62%	-17.35%	-16.27%
Max Drawdown (3Y) Largest decline over 3 years	-33.62%	-23.42%	-10.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.69%	—
Current Drawdown Current decline from peak	-24.46%	-5.49%	-18.97%
Average Drawdown Average peak-to-trough decline	-10.55%	-32.60%	+22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.05%	8.57%	+8.48%

Volatility

BPAY vs. OILK - Volatility Comparison

The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 7.26%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.52%. This indicates that BPAY 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

	BPAY	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	10.52%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	18.84%	23.32%	-4.48%
Volatility (1Y) Calculated over the trailing 1-year period	26.06%	28.82%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.36%	30.13%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.36%	35.97%	-11.61%

BPAY vs. OILK - Expense Ratio Comparison

BPAY has a 0.70% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

BPAY vs. OILK - Dividend Comparison

BPAY's dividend yield for the trailing twelve months is around 7.25%, less than OILK's 8.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPAY BlackRock Future Financial and Technology ETF	7.25%	6.49%	0.48%	1.18%	0.18%	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 BPAY and OILK in my portfolio?

BPAY 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, BPAY or OILK?

OILK has higher volatility (10.52%) compared to BPAY (7.26%). In terms of maximum drawdown, BPAY dropped -33.62% vs OILK's -83.76%.

Which ETF is better, BPAY or OILK?

On 3-year performance, OILK leads with 18.39% vs 9.60% for BPAY. On fees, OILK is cheaper at 0.68% per year. On volatility, BPAY has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BPAY or OILK?

Over the 3-year period, OILK has performed better with a 18.39% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BPAY or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.70% for BPAY.

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

OILK has the higher dividend yield at 8.34%, compared with 7.25% for BPAY.

What is the main difference between BPAY and OILK?

BPAY is categorized as Financials Equities, while OILK is Oil & Gas. They also come from different issuers: BlackRock and ProShares. Their fees differ too: 0.70% for BPAY and 0.68% for OILK.

Which has better risk-adjusted returns?

OILK currently has the higher Sharpe Ratio (1.99 vs -0.37), 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.