OILK vs. GLCN
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and VanEck Vectors China Growth Leaders ETF (GLCN).
OILK and GLCN 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. GLCN is a passively managed fund by VanEck that tracks the performance of the MarketGrader China All-Cap Growth Leaders Index. It was launched on Oct 13, 2010. Both OILK and GLCN 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 GLCN.
Key characteristics
| OILK | GLCN |
|---|
Correlation
The correlation between OILK and GLCN is 0.20, 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. GLCN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OILK vs. GLCN - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is higher than GLCN's 0.60% expense ratio.
Risk-Adjusted Performance
OILK vs. GLCN - 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 VanEck Vectors China Growth Leaders ETF (GLCN). 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. GLCN - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 2.94%, while GLCN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 2.94% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% |
GLCN VanEck Vectors China Growth Leaders ETF | 0.00% | 104.44% | 2.27% | 0.95% | 0.15% | 1.47% | 0.98% | 1.09% | 0.46% | 1.18% | 0.00% | 2.19% |
Drawdowns
OILK vs. GLCN - Drawdown Comparison
Volatility
OILK vs. GLCN - Volatility Comparison
ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a higher volatility of 8.58% compared to VanEck Vectors China Growth Leaders ETF (GLCN) at 0.00%. This indicates that OILK's price experiences larger fluctuations and is considered to be riskier than GLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.