GLCN vs. OILK
Compare and contrast key facts about VanEck Vectors China Growth Leaders ETF (GLCN) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
GLCN and OILK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLCN is a passively managed fund by VanEck that tracks the performance of the MarketGrader China All-Cap Growth Leaders Index. It was launched on Oct 13, 2010. 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 GLCN 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: GLCN or OILK.
Key characteristics
| GLCN | OILK |
|---|
Correlation
The correlation between GLCN and OILK is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GLCN vs. OILK - Performance Comparison
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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GLCN vs. OILK - Expense Ratio Comparison
GLCN has a 0.60% expense ratio, which is lower than OILK's 0.68% expense ratio.
Risk-Adjusted Performance
GLCN vs. OILK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors China Growth Leaders ETF (GLCN) 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
GLCN vs. OILK - Dividend Comparison
GLCN has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 5.01%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLCN VanEck Vectors China Growth Leaders ETF | 104.44% | 104.44% | 2.27% | 0.95% | 0.15% | 1.47% | 0.98% | 1.09% | 0.46% | 1.18% | 0.00% | 2.19% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 5.01% | 5.80% | 17.31% | 68.82% | 0.11% | 0.94% | 0.58% | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLCN vs. OILK - Drawdown Comparison
Volatility
GLCN vs. OILK - Volatility Comparison
The current volatility for VanEck Vectors China Growth Leaders ETF (GLCN) is 0.00%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 4.00%. This indicates that GLCN 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.