DBO vs. OILK
Compare and contrast key facts about Invesco DB Oil Fund (DBO) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
DBO and OILK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016. Both DBO and OILK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBO or OILK.
Key characteristics
| DBO | OILK | |
|---|---|---|
| YTD Return | 1.29% | 3.05% |
| 1Y Return | -8.44% | -4.17% |
| 3Y Return (Ann) | 0.17% | 8.50% |
| 5Y Return (Ann) | 8.42% | -2.29% |
| Sharpe Ratio | -0.28 | -0.11 |
| Sortino Ratio | -0.23 | 0.01 |
| Omega Ratio | 0.97 | 1.00 |
| Calmar Ratio | -0.10 | -0.07 |
| Martin Ratio | -0.97 | -0.40 |
| Ulcer Index | 7.25% | 6.80% |
| Daily Std Dev | 24.61% | 23.87% |
| Max Drawdown | -90.18% | -83.76% |
| Current Drawdown | -72.01% | -34.95% |
Correlation
The correlation between DBO and OILK is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DBO vs. OILK - Performance Comparison
In the year-to-date period, DBO achieves a 1.29% return, which is significantly lower than OILK's 3.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBO vs. OILK - Expense Ratio Comparison
DBO has a 0.78% expense ratio, which is higher than OILK's 0.68% expense ratio.
Risk-Adjusted Performance
DBO vs. OILK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Oil Fund (DBO) 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.
Dividends
DBO vs. OILK - Dividend Comparison
DBO's dividend yield for the trailing twelve months is around 4.54%, more than OILK's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 4.54% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 3.03% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Drawdowns
DBO vs. OILK - Drawdown Comparison
The maximum DBO drawdown since its inception was -90.18%, which is greater than OILK's maximum drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for DBO and OILK. For additional features, visit the drawdowns tool.
Volatility
DBO vs. OILK - Volatility Comparison
Invesco DB Oil Fund (DBO) has a higher volatility of 10.05% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 8.77%. This indicates that DBO'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.