EDGX vs. OILK

Last updated Jul 17, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. At a correlation of -0.46, they often move in opposite directions.

Performance

EDGX vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.35%
• 1M: 0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILK

• 1D: -1.07%
• 1M: 2.86%
• 6M: 45.66%
• YTD: 49.33%
• 1Y: 37.72%
• 3Y*: 13.85%
• 5Y*: 14.65%
• 10Y*: —

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

EDGX vs. OILK - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	9.90%
OILK ProShares K-1 Free Crude Oil Strategy ETF	37.76%

Correlation

The correlation between EDGX and OILK is -0.46, 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 Feb 18, 2026	-0.46

Return for Risk

EDGX vs. OILK — Risk / Return Rank

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

EDGX

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

OILK

OILK Risk / Return Rank: 41
OILK Sharpe Ratio Rank: 44
OILK Sortino Ratio Rank: 42
OILK Omega Ratio Rank: 41
OILK Calmar Ratio Rank: 43
OILK Martin Ratio Rank: 35

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.

EDGX vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

	EDGX	OILK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.29	—
Sortino ratio: Return per unit of downside risk	—	1.82	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.79	—
Martin ratio: Return relative to average drawdown	—	4.20	—

Drawdowns

EDGX vs. OILK - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for EDGX and OILK.

Drawdown Indicators

	EDGX	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-83.76%	+76.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.19%	—
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	-0.73%	-12.39%	+11.66%
Average Drawdown Average peak-to-trough decline	-1.52%	-32.38%	+30.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.01%	—

Volatility

Volatility by Period

	EDGX	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	29.33%	-16.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	30.45%	-17.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	35.97%	-22.72%

Dividends

EDGX vs. OILK - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 3.50%, less than OILK's 8.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDGX Global X U.S. 500 Income Edge ETF	3.50%	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	8.75%	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 EDGX and OILK in my portfolio?

EDGX and OILK have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

OILK has the higher dividend yield at 8.75%, compared with 3.50% for EDGX.

What is the main difference between EDGX and OILK?

EDGX is categorized as Derivative Income, while OILK is Oil & Gas. EDGX tracks Solactive GBS United States 500 Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Global X and ProShares.