IBDW vs. OILK
IBDW (iShares iBonds Dec 2031 Term Corporate ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - IBDW is a Corporate Bonds fund tracking the Bloomberg December 2031 Maturity Corporate Index, 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, IBDW returned 5.87%/yr vs 19.03%/yr for OILK. At a correlation of -0.13, they often move in opposite directions. IBDW charges 0.10%/yr vs 0.68%/yr for OILK.
Performance
IBDW vs. OILK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBDW achieves a 0.14% return, which is significantly lower than OILK's 64.22% return.
IBDW
- 1D
- -0.10%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.26%
- 1Y
- 5.40%
- 3Y*
- 5.87%
- 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*
- —
IBDW vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBDW iShares iBonds Dec 2031 Term Corporate ETF | 0.14% | 9.07% | 2.96% | 9.40% | -17.13% | 0.36% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 64.22% | -11.86% | 8.18% | -0.97% | 27.57% | 8.65% |
Correlation
The correlation between IBDW and OILK is -0.39, 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 | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | -0.13 |
Over the past year, the inverse relationship between IBDW and OILK has strengthened: their correlation has moved from -0.13 to -0.39, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBDW vs. OILK — Risk / Return Rank
IBDW
OILK
IBDW vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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.
| IBDW | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.42 | -1.18 |
| Martin ratioReturn relative to average drawdown | 7.54 | 6.91 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBDW | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 2.06 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.12 | -0.05 |
Drawdowns
IBDW vs. OILK - Drawdown Comparison
The maximum IBDW drawdown since its inception was -23.87%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for IBDW and OILK.
Loading charts...
Drawdown Indicators
| IBDW | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -83.76% | +59.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -17.35% | +14.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.61% | -23.42% | +16.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -1.13% | -3.66% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -32.61% | +23.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 8.56% | -7.84% |
Volatility
IBDW vs. OILK - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is 1.02%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that IBDW 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.
Loading charts...
Volatility by Period
| IBDW | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 10.44% | -9.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 23.26% | -20.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 28.75% | -25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 30.12% | -22.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 35.97% | -28.71% |
IBDW vs. OILK - Expense Ratio Comparison
IBDW has a 0.10% expense ratio, which is lower than OILK's 0.68% expense ratio.
Dividends
IBDW vs. OILK - Dividend Comparison
IBDW's dividend yield for the trailing twelve months is around 4.79%, less than OILK's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBDW iShares iBonds Dec 2031 Term Corporate ETF | 4.79% | 4.78% | 5.00% | 4.50% | 3.70% | 1.10% | 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
IBDW and OILK have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (10.44%) compared to IBDW (1.02%). In terms of maximum drawdown, IBDW dropped -23.87% vs OILK's -83.76%.
On 3-year performance, OILK leads with 19.03% vs 5.87% for IBDW. On fees, IBDW is cheaper at 0.10% per year. On volatility, IBDW has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILK has performed better with a 19.03% return vs 5.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDW is cheaper with a 0.10% expense ratio, compared with 0.68% for OILK.
OILK has the higher dividend yield at 8.18%, compared with 4.79% for IBDW.
IBDW is categorized as Corporate Bonds, while OILK is Oil & Gas. IBDW tracks Bloomberg December 2031 Maturity Corporate Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.10% for IBDW and 0.68% for OILK.
OILK currently has the higher Sharpe Ratio (2.06 vs 1.54), 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.
Find the right allocation for IBDW and OILK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer