ELIL vs. OILK

Last updated Jun 4, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - ELIL is a Leveraged Equities fund actively managed by Direxion, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. ELIL is actively managed, while OILK is passively managed. Over the past year, ELIL returned 63.78% vs 58.99% for OILK. At a correlation of -0.16, they often move in opposite directions. ELIL charges 0.97%/yr vs 0.68%/yr for OILK.

Performance

ELIL vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bull 2X Shares (ELIL) 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, ELIL achieves a -8.59% return, which is significantly lower than OILK's 64.22% return.

ELIL

• 1D: 3.14%
• 1M: 23.31%
• YTD: -8.59%
• 6M: -1.88%
• 1Y: 63.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILK

• 1D: 1.40%
• 1M: -1.65%
• YTD: 64.22%
• 6M: 60.70%
• 1Y: 58.99%
• 3Y*: 19.03%
• 5Y*: 17.73%
• 10Y*: —

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

ELIL vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025
ELIL Direxion Daily LLY Bull 2X Shares	-8.59%	36.32%
OILK ProShares K-1 Free Crude Oil Strategy ETF	64.22%	-10.52%

Correlation

The correlation between ELIL and OILK is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.16

ELIL vs. OILK - Sectors Allocation Comparison

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

Return for Risk

ELIL vs. OILK — Risk / Return Rank

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

ELIL

ELIL Risk / Return Rank: 28
ELIL Sharpe Ratio Rank: 25
ELIL Sortino Ratio Rank: 29
ELIL Omega Ratio Rank: 32
ELIL Calmar Ratio Rank: 29
ELIL Martin Ratio Rank: 24

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.

ELIL vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bull 2X Shares (ELIL) 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.

	ELIL	OILK	Difference
Sharpe ratio: Return per unit of total volatility	0.85	2.06	-1.21
Sortino ratio: Return per unit of downside risk	1.55	2.59	-1.04
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	1.39	3.42	-2.03
Martin ratio: Return relative to average drawdown	2.99	6.91	-3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELIL vs. OILK - Sharpe Ratio Comparison

The current ELIL Sharpe Ratio is 0.85, which is lower than the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of ELIL 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

	ELIL	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	2.06	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.12	+0.13

Drawdowns

ELIL vs. OILK - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for ELIL and OILK.

Drawdown Indicators

	ELIL	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-83.76%	+27.73%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	-17.35%	-28.93%
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	-15.45%	-3.66%	-11.79%
Average Drawdown Average peak-to-trough decline	-24.34%	-32.61%	+8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.41%	8.56%	+12.85%

Volatility

ELIL vs. OILK - Volatility Comparison

Direxion Daily LLY Bull 2X Shares (ELIL) has a higher volatility of 17.71% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 10.44%. This indicates that ELIL'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.

Volatility by Period

	ELIL	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.71%	10.44%	+7.27%
Volatility (6M) Calculated over the trailing 6-month period	53.09%	23.26%	+29.83%
Volatility (1Y) Calculated over the trailing 1-year period	75.36%	28.75%	+46.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.27%	30.12%	+53.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.27%	35.97%	+47.30%

ELIL vs. OILK - Expense Ratio Comparison

ELIL has a 0.97% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

ELIL vs. OILK - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 12.18%, more than OILK's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELIL Direxion Daily LLY Bull 2X Shares	12.18%	10.92%	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	8.18%	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 ELIL and OILK in my portfolio?

ELIL and OILK have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELIL or OILK?

ELIL has higher volatility (17.71%) compared to OILK (10.44%). In terms of maximum drawdown, ELIL dropped -56.03% vs OILK's -83.76%.

Which ETF is better, ELIL or OILK?

On 1-year performance, ELIL leads with 63.78% vs 58.99% for OILK. On fees, OILK is cheaper at 0.68% per year. On volatility, OILK has been the lower-risk option at 10.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELIL or OILK?

Over the 1-year period, ELIL has performed better with a 63.78% return vs 58.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELIL or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 0.97% for ELIL.

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

ELIL has the higher dividend yield at 12.18%, compared with 8.18% for OILK.

What is the main difference between ELIL and OILK?

ELIL is categorized as Leveraged Equities, while OILK is Oil & Gas. They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.97% for ELIL and 0.68% for OILK.

Which has better risk-adjusted returns?

OILK currently has the higher Sharpe Ratio (2.06 vs 0.85), 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.