CAIE vs. OILK

Last updated Jun 25, 2026

CAIE (Calamos Autocallable Income ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past year, CAIE returned 22.86% vs 28.18% for OILK. At a correlation of -0.23, they often move in opposite directions. CAIE charges 0.74%/yr vs 0.68%/yr for OILK.

Performance

CAIE vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Autocallable Income ETF (CAIE) 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, CAIE achieves a 6.72% return, which is significantly lower than OILK's 35.89% return.

CAIE

• 1D: -0.11%
• 1M: -1.41%
• YTD: 6.72%
• 6M: 5.46%
• 1Y: 22.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILK

• 1D: -3.47%
• 1M: -16.39%
• YTD: 35.89%
• 6M: 33.85%
• 1Y: 28.18%
• 3Y*: 12.58%
• 5Y*: 12.04%
• 10Y*: —

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

CAIE vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025
CAIE Calamos Autocallable Income ETF	6.72%	15.12%
OILK ProShares K-1 Free Crude Oil Strategy ETF	35.89%	-5.68%

Correlation

The correlation between CAIE and OILK is -0.23, 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 (All Time) Calculated using the full available price history since Jun 25, 2025	-0.23

Return for Risk

CAIE vs. OILK — Risk / Return Rank

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

CAIE

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

OILK

OILK Risk / Return Rank: 29
OILK Sharpe Ratio Rank: 30
OILK Sortino Ratio Rank: 29
OILK Omega Ratio Rank: 28
OILK Calmar Ratio Rank: 30
OILK Martin Ratio Rank: 28

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.

CAIE vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Autocallable Income ETF (CAIE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CAIE	OILK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.47	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.40	—
Martin ratio: Return relative to average drawdown	—	3.56	—

Drawdowns

CAIE vs. OILK - Drawdown Comparison

The maximum CAIE drawdown since its inception was -7.73%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for CAIE and OILK.

Drawdown Indicators

	CAIE	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-7.73%	-83.76%	+76.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-20.28%	+12.55%
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	-2.54%	-20.28%	+17.74%
Average Drawdown Average peak-to-trough decline	-1.10%	-32.47%	+31.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.93%	—

Volatility

Volatility by Period

	CAIE	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	28.64%	-16.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.03%	30.31%	-18.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.03%	35.97%	-23.94%

CAIE vs. OILK - Expense Ratio Comparison

CAIE has a 0.74% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

CAIE vs. OILK - Dividend Comparison

CAIE's dividend yield for the trailing twelve months is around 13.38%, more than OILK's 9.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAIE Calamos Autocallable Income ETF	13.38%	7.46%	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	9.88%	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 CAIE and OILK in my portfolio?

CAIE and OILK have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAIE or OILK?

On 1-year performance, OILK leads with 28.18% vs 22.86% for CAIE. On fees, OILK is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CAIE or OILK?

Over the 1-year period, OILK has performed better with a 28.18% return vs 22.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CAIE or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.74% for CAIE.

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

CAIE has the higher dividend yield at 13.38%, compared with 9.88% for OILK.

What is the main difference between CAIE and OILK?

CAIE is categorized as Derivative Income, while OILK is Oil & Gas. CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Calamos and ProShares. Their fees differ too: 0.74% for CAIE and 0.68% for OILK.