GJAN vs. OILK
GJAN (FT Vest U.S. Equity Moderate Buffer ETF - January) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - GJAN is a Defined Outcome fund tracking the S&P 500, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past 3 years, GJAN returned 11.59%/yr vs 11.30%/yr for OILK. At a correlation of -0.01, they often move in opposite directions. GJAN charges 0.85%/yr vs 0.68%/yr for OILK.
Performance
GJAN vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, GJAN achieves a 5.75% return, which is significantly lower than OILK's 40.26% return.
GJAN
- 1D
- 0.22%
- 1M
- 1.19%
- 6M
- 5.16%
- YTD
- 5.75%
- 1Y
- 12.64%
- 3Y*
- 11.59%
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- 0.04%
- 1M
- -8.69%
- 6M
- 37.13%
- YTD
- 40.26%
- 1Y
- 26.74%
- 3Y*
- 11.30%
- 5Y*
- 12.74%
- 10Y*
- —
GJAN vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GJAN FT Vest U.S. Equity Moderate Buffer ETF - January | 5.75% | 10.71% | 12.09% | 13.83% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 40.26% | -11.86% | 8.18% | -2.98% |
Correlation
The correlation between GJAN and OILK is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | -0.01 |
Over the past year, the inverse relationship between GJAN and OILK has strengthened: their correlation has moved from -0.01 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
GJAN vs. OILK — Risk / Return Rank
GJAN
OILK
GJAN vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) 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.
| GJAN | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.18 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.40 | +1.25 |
| Martin ratioReturn relative to average drawdown | 13.56 | 3.33 | +10.23 |
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Drawdowns
GJAN vs. OILK - Drawdown Comparison
The maximum GJAN drawdown since its inception was -10.60%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for GJAN and OILK.
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Drawdown Indicators
| GJAN | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.60% | -83.76% | +73.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -21.19% | +16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -10.60% | -23.42% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.71% | +17.71% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -32.41% | +31.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 8.88% | -7.96% |
Volatility
GJAN vs. OILK - Volatility Comparison
The current volatility for FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) is 1.58%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 9.24%. This indicates that GJAN experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GJAN | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 9.24% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 24.73% | -19.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 28.86% | -23.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 30.36% | -22.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 35.94% | -28.39% |
GJAN vs. OILK - Expense Ratio Comparison
GJAN has a 0.85% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
GJAN vs. OILK - Dividend Comparison
GJAN has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 9.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GJAN FT Vest U.S. Equity Moderate Buffer ETF - January | 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 | 9.31% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
GJAN and OILK have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (9.24%) compared to GJAN (1.58%). In terms of maximum drawdown, GJAN dropped -10.60% vs OILK's -83.76%.
On 3-year performance, GJAN leads with 11.59% vs 11.30% for OILK. On fees, OILK is cheaper at 0.68% per year. On volatility, GJAN has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GJAN has performed better with a 11.59% return vs 11.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILK is cheaper with a 0.68% expense ratio, compared with 0.85% for GJAN.
OILK has the higher dividend yield at 9.31%, compared with 0.00% for GJAN.
GJAN is categorized as Defined Outcome, while OILK is Oil & Gas. GJAN tracks S&P 500, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: FT Vest and ProShares. Their fees differ too: 0.85% for GJAN and 0.68% for OILK.
GJAN currently has the higher Sharpe Ratio (2.14 vs 1.03), 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.
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