MQQQ vs. OILK

Last updated Jun 4, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - MQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past year, MQQQ returned 79.26% vs 58.99% for OILK. At a correlation of -0.07, they often move in opposite directions. MQQQ charges 1.30%/yr vs 0.68%/yr for OILK.

Performance

MQQQ vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Monthly ETF (MQQQ) 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, MQQQ achieves a 38.38% return, which is significantly lower than OILK's 64.22% return.

MQQQ

• 1D: -0.67%
• 1M: 20.36%
• YTD: 38.38%
• 6M: 34.05%
• 1Y: 79.26%
• 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)

MQQQ vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	38.38%	31.67%	19.72%
OILK ProShares K-1 Free Crude Oil Strategy ETF	64.22%	-11.86%	4.47%

Correlation

The correlation between MQQQ and OILK is -0.26, 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	-0.26
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	-0.07

The correlation between MQQQ and OILK shifts across timeframes, from -0.26 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MQQQ vs. OILK — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 66
MQQQ Sharpe Ratio Rank: 76
MQQQ Sortino Ratio Rank: 63
MQQQ Omega Ratio Rank: 63
MQQQ Calmar Ratio Rank: 63
MQQQ Martin Ratio Rank: 63

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.

MQQQ vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) 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.

	MQQQ	OILK	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.06	+0.41
Sortino ratio Return per unit of downside risk	2.97	2.59	+0.38
Omega ratio Gain probability vs. loss probability	1.39	1.34	+0.04
Calmar ratio Return relative to maximum drawdown	3.16	3.42	-0.26
Martin ratio Return relative to average drawdown	11.36	6.91	+4.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQQQ vs. OILK - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 2.48, which is comparable to the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MQQQ 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

	MQQQ	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.06	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.12	+1.20

Drawdowns

MQQQ vs. OILK - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for MQQQ and OILK.

Drawdown Indicators

	MQQQ	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-83.76%	+41.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-17.35%	-7.88%
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	-0.67%	-3.66%	+2.99%
Average Drawdown Average peak-to-trough decline	-7.16%	-32.61%	+25.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	8.56%	-1.56%

Volatility

MQQQ vs. OILK - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 8.53%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that MQQQ 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.

Volatility by Period

	MQQQ	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	10.44%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	23.26%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	32.18%	28.75%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.22%	30.12%	+13.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	35.97%	+7.25%

MQQQ vs. OILK - Expense Ratio Comparison

MQQQ has a 1.30% expense ratio, which is higher than OILK's 0.68% expense ratio.

Dividends

MQQQ vs. OILK - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.46%, less than OILK's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.46%	2.02%	0.02%	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 MQQQ and OILK in my portfolio?

MQQQ and OILK have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MQQQ or OILK?

OILK has higher volatility (10.44%) compared to MQQQ (8.53%). In terms of maximum drawdown, MQQQ dropped -42.16% vs OILK's -83.76%.

Which ETF is better, MQQQ or OILK?

On 1-year performance, MQQQ leads with 79.26% vs 58.99% for OILK. On fees, OILK is cheaper at 0.68% per year. On volatility, MQQQ has been the lower-risk option at 8.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MQQQ or OILK?

Over the 1-year period, MQQQ has performed better with a 79.26% return vs 58.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MQQQ or OILK?

OILK is cheaper with a 0.68% expense ratio, compared with 1.30% for MQQQ.

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

OILK has the higher dividend yield at 8.18%, compared with 1.46% for MQQQ.

What is the main difference between MQQQ and OILK?

MQQQ is categorized as Leveraged Equities, while OILK is Oil & Gas. MQQQ tracks NASDAQ-100 Index (200%), while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: AXS and ProShares. Their fees differ too: 1.30% for MQQQ and 0.68% for OILK.

Which has better risk-adjusted returns?

MQQQ currently has the higher Sharpe Ratio (2.48 vs 2.06), 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.