OILK vs. AMZN
OILK (ProShares K-1 Free Crude Oil Strategy ETF) is Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index, while AMZN (Amazon.com, Inc) is a stock. Over the past 5 years, OILK returned 13.00%/yr vs 6.30%/yr for AMZN. At a 0.09 correlation, their price movements are largely independent.
Performance
OILK vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, OILK achieves a 40.78% return, which is significantly higher than AMZN's 1.43% return.
OILK
- 1D
- -0.59%
- 1M
- -13.38%
- YTD
- 40.78%
- 6M
- 38.63%
- 1Y
- 27.24%
- 3Y*
- 13.91%
- 5Y*
- 13.00%
- 10Y*
- —
AMZN
- 1D
- 0.57%
- 1M
- -12.09%
- YTD
- 1.43%
- 6M
- 0.85%
- 1Y
- 12.30%
- 3Y*
- 21.87%
- 5Y*
- 6.30%
- 10Y*
- 20.95%
OILK vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 40.78% | -11.86% | 8.18% | -0.97% | 27.57% | 63.71% | -61.09% | 30.48% | -20.40% | 2.82% |
AMZN Amazon.com, Inc | 1.43% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 28.43% | 55.96% |
Correlation
The correlation between OILK and AMZN is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2016 | 0.09 |
The correlation between OILK and AMZN shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILK vs. AMZN — Risk / Return Rank
OILK
AMZN
OILK vs. AMZN - 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 Amazon.com, Inc (AMZN). 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 | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.57 | +1.00 |
| Martin ratioReturn relative to average drawdown | 3.49 | 1.31 | +2.18 |
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Drawdowns
OILK vs. AMZN - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for OILK and AMZN.
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Drawdown Indicators
| OILK | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.76% | -94.40% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -17.41% | -21.74% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -30.88% | +7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -34.69% | -56.15% | +21.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -17.41% | -14.87% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -32.48% | -28.17% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.86% | 9.41% | -1.55% |
Volatility
OILK vs. AMZN - Volatility Comparison
The current volatility for ProShares K-1 Free Crude Oil Strategy ETF (OILK) is 8.02%, while Amazon.com, Inc (AMZN) has a volatility of 10.19%. This indicates that OILK experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILK | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 10.19% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 21.71% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.00% | 30.89% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 35.68% | -5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.96% | 32.56% | +3.40% |
Dividends
OILK vs. AMZN - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 9.54%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 9.54% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
OILK and AMZN have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZN has higher volatility (10.19%) compared to OILK (8.02%). In terms of maximum drawdown, OILK dropped -83.76% vs AMZN's -94.40%.
OILK currently has the higher Sharpe Ratio (0.96 vs 0.40), 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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