OILK vs. DBO
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and Invesco DB Oil Fund (DBO).
OILK and DBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016. DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007. Both OILK and DBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILK or DBO.
Correlation
The correlation between OILK and DBO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OILK vs. DBO - Performance Comparison
Key characteristics
OILK:
-0.60
DBO:
-0.46
OILK:
-0.70
DBO:
-0.48
OILK:
0.92
DBO:
0.94
OILK:
-0.35
DBO:
-0.19
OILK:
-1.51
DBO:
-1.37
OILK:
9.92%
DBO:
10.13%
OILK:
25.12%
DBO:
30.10%
OILK:
-83.76%
DBO:
-90.18%
OILK:
-37.95%
DBO:
-73.07%
Returns By Period
In the year-to-date period, OILK achieves a -9.16% return, which is significantly higher than DBO's -9.64% return.
OILK
-9.16%
-6.75%
-8.59%
-15.61%
30.88%
N/A
DBO
-9.64%
-7.44%
-8.22%
-14.80%
22.46%
-0.30%
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OILK vs. DBO - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is lower than DBO's 0.78% expense ratio.
Risk-Adjusted Performance
OILK vs. DBO — Risk-Adjusted Performance Rank
OILK
DBO
OILK vs. DBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares K-1 Free Crude Oil Strategy ETF (OILK) and Invesco DB Oil Fund (DBO). 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.
Dividends
OILK vs. DBO - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 4.79%, less than DBO's 5.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
DBO Invesco DB Oil Fund | 5.18% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.59% | 0.00% |
Drawdowns
OILK vs. DBO - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for OILK and DBO. For additional features, visit the drawdowns tool.
Volatility
OILK vs. DBO - Volatility Comparison
The current volatility for ProShares K-1 Free Crude Oil Strategy ETF (OILK) is 12.62%, while Invesco DB Oil Fund (DBO) has a volatility of 17.90%. This indicates that OILK experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.