IBGB vs. OILK
IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and OILK (ProShares K-1 Free Crude Oil ETF) are both exchange-traded funds - IBGB is a Government Bonds fund tracking the ICE 2045 Maturity US Treasury Index, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past year, IBGB returned -0.26% vs 31.15% for OILK. Their -0.33 correlation means they have often moved in opposite directions in the past. IBGB charges 0.07%/yr vs 0.69%/yr for OILK.
Performance
IBGB vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, IBGB achieves a -1.86% return, which is significantly lower than OILK's 43.38% return.
IBGB
- 1D
- 0.77%
- 1M
- -2.11%
- 6M
- -1.81%
- YTD
- -1.86%
- 1Y
- -0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.52%
OILK
- 1D
- -2.79%
- 1M
- 5.84%
- 6M
- 30.29%
- YTD
- 43.38%
- 1Y
- 31.15%
- 3Y*
- 8.68%
- 5Y*
- 14.16%
- 10Y*
- —
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.56K | $33.15K | $77.72K | |
| $10.74M | $8.66M | $10.89M |
IBGB vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | -1.86% | 2.62% |
OILK ProShares K-1 Free Crude Oil ETF | 43.38% | -9.74% |
Correlation
The correlation between IBGB and OILK is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | -0.33 |
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Return for Risk
IBGB vs. OILK — Risk / Return Rank
IBGB
OILK
IBGB vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and ProShares K-1 Free Crude Oil 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.
| IBGB | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.48 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.08 | 4.14 | -4.22 |
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Drawdowns
IBGB vs. OILK - Drawdown Comparison
The maximum IBGB drawdown since its inception was -8.09%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for IBGB and OILK.
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Drawdown Indicators
| IBGB | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.09% | -83.76% | +75.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -21.19% | +14.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -5.59% | -15.88% | +10.29% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -32.26% | +28.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 7.57% | -4.50% |
Volatility
IBGB vs. OILK - Volatility Comparison
The current volatility for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) is 2.36%, while ProShares K-1 Free Crude Oil ETF (OILK) has a volatility of 12.38%. This indicates that IBGB 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
| IBGB | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 12.38% | -10.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 25.88% | -19.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 30.32% | -22.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 30.47% | -21.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 36.00% | -26.63% |
IBGB vs. OILK - Expense Ratio Comparison
IBGB has a 0.07% expense ratio, which is lower than OILK's 0.69% expense ratio.
Dividends
IBGB vs. OILK - Dividend Comparison
IBGB's dividend yield for the trailing twelve months is around 4.74%, less than OILK's 11.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | 4.74% | 3.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil ETF | 11.84% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
IBGB 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 (12.38%) compared to IBGB (2.36%). In terms of maximum drawdown, IBGB dropped -8.09% vs OILK's -83.76%.
On 1-year performance, OILK leads with 31.15% vs -0.26% for IBGB. On fees, IBGB is cheaper at 0.07% per year. On volatility, IBGB has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILK has performed better with a 31.15% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGB is cheaper with a 0.07% expense ratio, compared with 0.69% for OILK.
OILK has the higher dividend yield at 11.84%, compared with 4.74% for IBGB.
IBGB is categorized as Government Bonds, while OILK is Oil & Gas. IBGB tracks ICE 2045 Maturity US Treasury Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.07% for IBGB and 0.69% for OILK.
OILK currently has the higher Sharpe Ratio (1.03 vs -0.03), 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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