OILK vs. AMOM
OILK (ProShares K-1 Free Crude Oil Strategy ETF) and AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) are both exchange-traded funds - OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index, while AMOM is a Momentum fund actively managed by Exchange Traded Concepts. OILK is passively managed, while AMOM is actively managed. Over the past 5 years, OILK returned 13.20%/yr vs 12.75%/yr for AMOM. At a 0.13 correlation, their price movements are largely independent. OILK charges 0.68%/yr vs 0.75%/yr for AMOM.
Performance
OILK vs. AMOM - Performance Comparison
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Returns By Period
In the year-to-date period, OILK achieves a 41.61% return, which is significantly higher than AMOM's 32.52% return.
OILK
- 1D
- -1.44%
- 1M
- -12.86%
- YTD
- 41.61%
- 6M
- 40.08%
- 1Y
- 20.72%
- 3Y*
- 14.14%
- 5Y*
- 13.20%
- 10Y*
- —
AMOM
- 1D
- 2.30%
- 1M
- 10.77%
- YTD
- 32.52%
- 6M
- 30.51%
- 1Y
- 48.40%
- 3Y*
- 28.43%
- 5Y*
- 12.75%
- 10Y*
- —
OILK vs. AMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 41.61% | -11.86% | 8.18% | -0.97% | 27.57% | 63.71% | -61.09% | -3.05% |
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 32.52% | 7.69% | 35.79% | 27.06% | -26.29% | 13.08% | 53.81% | 9.64% |
Correlation
The correlation between OILK and AMOM is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 21, 2019 | 0.13 |
The correlation between OILK and AMOM shifts across timeframes, from -0.17 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILK vs. AMOM — Risk / Return Rank
OILK
AMOM
OILK vs. AMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares K-1 Free Crude Oil Strategy ETF (OILK) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). 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.
| OILK | AMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.71 | -2.48 |
| Martin ratioReturn relative to average drawdown | 2.67 | 12.88 | -10.21 |
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Drawdowns
OILK vs. AMOM - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, which is greater than AMOM's maximum drawdown of -39.68%. Use the drawdown chart below to compare losses from any high point for OILK and AMOM.
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Drawdown Indicators
| OILK | AMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.76% | -39.68% | -44.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -13.10% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -30.26% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.69% | -39.68% | +4.99% |
Current DrawdownCurrent decline from peak | -16.92% | 0.00% | -16.92% |
Average DrawdownAverage peak-to-trough decline | -32.48% | -10.75% | -21.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 3.77% | +5.12% |
Volatility
OILK vs. AMOM - Volatility Comparison
The current volatility for ProShares K-1 Free Crude Oil Strategy ETF (OILK) is 8.06%, while QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a volatility of 11.18%. This indicates that OILK experiences smaller price fluctuations and is considered to be less risky than AMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILK | AMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 11.18% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 19.18% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.05% | 23.92% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 24.18% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.97% | 25.17% | +10.80% |
OILK vs. AMOM - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is lower than AMOM's 0.75% expense ratio.
Dividends
OILK vs. AMOM - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 9.48%, more than AMOM's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.07% | 0.09% | 0.00% | 0.47% | 0.72% | 0.74% | 24.31% | 5.51% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 9.48% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
OILK and AMOM have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMOM has higher volatility (11.18%) compared to OILK (8.06%). In terms of maximum drawdown, OILK dropped -83.76% vs AMOM's -39.68%.
On 5-year performance, OILK leads with 13.20% vs 12.75% for AMOM. On fees, OILK is cheaper at 0.68% per year. On volatility, OILK has been the lower-risk option at 8.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OILK has performed better with a 13.20% return vs 12.75%. 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 0.75% for AMOM.
OILK has the higher dividend yield at 9.48%, compared with 0.07% for AMOM.
OILK is categorized as Oil & Gas, while AMOM is Momentum. They also come from different issuers: ProShares and Exchange Traded Concepts. Their fees differ too: 0.68% for OILK and 0.75% for AMOM.
AMOM currently has the higher Sharpe Ratio (2.04 vs 0.72), 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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