BPH vs. OILK

Last updated Jun 3, 2026

BPH (BP p.l.c. ADRhedged ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both Oil & Gas funds. BPH is actively managed, while OILK is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. BPH charges 0.19%/yr vs 0.68%/yr for OILK.

Performance

BPH vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: 0.93%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILK

• 1D: 1.15%
• 1M: 0.89%
• YTD: 61.95%
• 6M: 59.31%
• 1Y: 57.89%
• 3Y*: 18.48%
• 5Y*: 17.52%
• 10Y*: —

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

BPH vs. OILK - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	1.61%
OILK ProShares K-1 Free Crude Oil Strategy ETF	1.63%

Correlation

The correlation between BPH and OILK is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.90

BPH vs. OILK - Sectors Allocation Comparison

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

Return for Risk

BPH vs. OILK — Risk / Return Rank

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

OILK

OILK Risk / Return Rank: 56
OILK Sharpe Ratio Rank: 59
OILK Sortino Ratio Rank: 52
OILK Omega Ratio Rank: 54
OILK Calmar Ratio Rank: 71
OILK Martin Ratio Rank: 44

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.

BPH vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BPH	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.91	0.11	+4.79

Drawdowns

BPH vs. OILK - Drawdown Comparison

The maximum BPH drawdown since its inception was -2.35%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for BPH and OILK.

Drawdown Indicators

	BPH	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-2.35%	-83.76%	+81.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.69%	—
Current Drawdown Current decline from peak	0.00%	-4.99%	+4.99%
Average Drawdown Average peak-to-trough decline	-1.30%	-32.62%	+31.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.56%	—

Volatility

Volatility by Period

	BPH	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	28.86%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.08%	30.11%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.08%	35.98%	-7.90%

BPH vs. OILK - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than OILK's 0.68% expense ratio.

Dividends

BPH vs. OILK - Dividend Comparison

BPH has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 8.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OILK ProShares K-1 Free Crude Oil Strategy ETF	8.29%	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 BPH and OILK in my portfolio?

With a correlation of 0.90, BPH and OILK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BPH or OILK?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPH or OILK?

BPH is cheaper with a 0.19% expense ratio, compared with 0.68% for OILK.

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

OILK has the higher dividend yield at 8.29%, compared with 0.00% for BPH.

What is the main difference between BPH and OILK?

They also come from different issuers: Precidian and ProShares. Their fees differ too: 0.19% for BPH and 0.68% for OILK.