OILK vs. NOBL
OILK (ProShares K-1 Free Crude Oil ETF) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, OILK returned 15.25%/yr vs 6.69%/yr for NOBL. Their 0.15 correlation means their historical movements had little consistent relationship. OILK charges 0.69%/yr vs 0.35%/yr for NOBL.
Performance
OILK vs. NOBL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OILK achieves a 47.49% return, which is significantly higher than NOBL's 11.50% return.
OILK
- 1D
- -3.24%
- 1M
- 8.88%
- 6M
- 37.83%
- YTD
- 47.49%
- 1Y
- 33.62%
- 3Y*
- 9.71%
- 5Y*
- 15.25%
- 10Y*
- —
- ALL TIME*
- 3.29%
NOBL
- 1D
- 0.60%
- 1M
- -0.50%
- 6M
- 4.99%
- YTD
- 11.50%
- 1Y
- 16.10%
- 3Y*
- 8.76%
- 5Y*
- 6.69%
- 10Y*
- 9.85%
- ALL TIME*
- 10.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $70.34M | $67.56M | $62.19M | |
| $8.74M | $7.86M | $10.67M |
OILK vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil ETF | 47.49% | -11.86% | 8.18% | -0.97% | 27.57% | 63.71% | -61.09% | 30.48% | -20.40% | 2.82% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 11.50% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Correlation
The correlation between OILK and NOBL is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2016 | 0.15 |
The correlation between OILK and NOBL shifts across timeframes, from -0.23 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OILK vs. NOBL — Risk / Return Rank
OILK
NOBL
OILK vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares K-1 Free Crude Oil ETF (OILK) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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 | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.77 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.49 | 4.49 | 0.00 |
Loading charts...
Drawdowns
OILK vs. NOBL - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for OILK and NOBL.
Loading charts...
Drawdown Indicators
| OILK | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.76% | -35.43% | -48.33% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -9.11% | -12.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -15.36% | -8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -34.69% | -17.92% | -16.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.43% | — |
Current DrawdownCurrent decline from peak | -13.47% | -1.73% | -11.74% |
Average DrawdownAverage peak-to-trough decline | -32.27% | -3.46% | -28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 3.59% | +3.93% |
Volatility
OILK vs. NOBL - Volatility Comparison
ProShares K-1 Free Crude Oil ETF (OILK) has a higher volatility of 11.95% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 4.72%. This indicates that OILK's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OILK | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.95% | 4.72% | +7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 26.22% | 9.11% | +17.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.24% | 11.92% | +18.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 14.48% | +16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 16.64% | +19.36% |
OILK vs. NOBL - Expense Ratio Comparison
OILK has a 0.69% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
OILK vs. NOBL - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 11.51%, more than NOBL's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.03% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
OILK ProShares K-1 Free Crude Oil ETF | 11.51% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% | 0.00% | 0.00% |
Frequently Asked Questions
OILK and NOBL have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (11.95%) compared to NOBL (4.72%). In terms of maximum drawdown, OILK dropped -83.76% vs NOBL's -35.43%.
On 5-year performance, OILK leads with 15.25% vs 6.69% for NOBL. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OILK has performed better with a 15.25% return vs 6.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.69% for OILK.
OILK has the higher dividend yield at 11.51%, compared with 2.03% for NOBL.
OILK is categorized as Oil & Gas, while NOBL is Dividend. OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index, while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 0.69% for OILK and 0.35% for NOBL.
NOBL currently has the higher Sharpe Ratio (1.36 vs 1.12), 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.
Find the right allocation for OILK and NOBL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer