OILK vs. GUSH
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
OILK and GUSH 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. GUSH is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (300%). It was launched on Apr 1, 2020. Both OILK and GUSH 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 GUSH.
Key characteristics
| OILK | GUSH | |
|---|---|---|
| YTD Return | 3.05% | -1.08% |
| 1Y Return | -4.17% | -3.18% |
| 3Y Return (Ann) | 8.50% | 6.17% |
| 5Y Return (Ann) | -2.29% | -34.99% |
| Sharpe Ratio | -0.11 | -0.04 |
| Sortino Ratio | 0.01 | 0.26 |
| Omega Ratio | 1.00 | 1.03 |
| Calmar Ratio | -0.07 | -0.02 |
| Martin Ratio | -0.40 | -0.08 |
| Ulcer Index | 6.80% | 20.15% |
| Daily Std Dev | 23.87% | 45.03% |
| Max Drawdown | -83.76% | -99.98% |
| Current Drawdown | -34.95% | -99.83% |
Correlation
The correlation between OILK and GUSH is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OILK vs. GUSH - Performance Comparison
In the year-to-date period, OILK achieves a 3.05% return, which is significantly higher than GUSH's -1.08% return. 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. GUSH - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Risk-Adjusted Performance
OILK vs. GUSH - 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 Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). 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. GUSH - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 3.03%, more than GUSH's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 3.03% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% | 0.00% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 2.67% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Drawdowns
OILK vs. GUSH - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for OILK and GUSH. For additional features, visit the drawdowns tool.
Volatility
OILK vs. GUSH - Volatility Comparison
The current volatility for ProShares K-1 Free Crude Oil Strategy ETF (OILK) is 8.77%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 16.15%. This indicates that OILK experiences smaller price fluctuations and is considered to be less risky than GUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.