OILK vs. BPH

Last updated Jun 4, 2026

OILK (ProShares K-1 Free Crude Oil Strategy ETF) and BPH (BP p.l.c. ADRhedged ETF) are both Oil & Gas funds. OILK is passively managed, while BPH is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. OILK charges 0.68%/yr vs 0.19%/yr for BPH.

Performance

OILK vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares K-1 Free Crude Oil Strategy ETF (OILK) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OILK

• 1D: 1.40%
• 1M: -1.65%
• YTD: 64.22%
• 6M: 60.70%
• 1Y: 58.99%
• 3Y*: 19.03%
• 5Y*: 17.73%
• 10Y*: —

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OILK vs. BPH - Yearly Performance Comparison

	2026 (YTD)
OILK ProShares K-1 Free Crude Oil Strategy ETF	3.05%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between OILK and BPH is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.94

OILK vs. BPH - Sectors Allocation Comparison

Sectors	OILK	BPH
Consumer Cyclical	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

OILK vs. BPH — Risk / Return Rank

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

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.

OILK vs. BPH - 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 BP p.l.c. ADRhedged ETF (BPH). 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.

	OILK	BPH	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.42	—	—
Martin ratio: Return relative to average drawdown	6.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OILK	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	9.48	-9.36

Drawdowns

OILK vs. BPH - Drawdown Comparison

The maximum OILK drawdown since its inception was -83.76%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for OILK and BPH.

Drawdown Indicators

	OILK	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-83.76%	-2.35%	-81.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.35%	—	—
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	-3.66%	0.00%	-3.66%
Average Drawdown Average peak-to-trough decline	-32.61%	-1.08%	-31.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.56%	—	—

Volatility

Volatility by Period

	OILK	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.75%	25.75%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.12%	25.75%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.97%	25.75%	+10.22%

OILK vs. BPH - Expense Ratio Comparison

OILK has a 0.68% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

OILK vs. BPH - Dividend Comparison

OILK's dividend yield for the trailing twelve months is around 8.18%, while BPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPH BP p.l.c. ADRhedged ETF	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	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 OILK and BPH in my portfolio?

With a correlation of 0.94, OILK and BPH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OILK or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILK or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.68% for OILK.

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

OILK has the higher dividend yield at 8.18%, compared with 0.00% for BPH.

What is the main difference between OILK and BPH?

They also come from different issuers: ProShares and Precidian. Their fees differ too: 0.68% for OILK and 0.19% for BPH.