OILK vs. RYLD
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and Global X Russell 2000 Covered Call ETF (RYLD).
OILK and RYLD 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. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019. Both OILK and RYLD 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 RYLD.
Key characteristics
| OILK | RYLD | |
|---|---|---|
| YTD Return | 6.06% | 10.90% |
| 1Y Return | 2.04% | 15.77% |
| 3Y Return (Ann) | 8.33% | -1.95% |
| 5Y Return (Ann) | -1.86% | 3.72% |
| Sharpe Ratio | 0.10 | 1.51 |
| Sortino Ratio | 0.30 | 2.18 |
| Omega Ratio | 1.04 | 1.30 |
| Calmar Ratio | 0.06 | 0.81 |
| Martin Ratio | 0.34 | 9.03 |
| Ulcer Index | 6.71% | 1.69% |
| Daily Std Dev | 23.83% | 10.08% |
| Max Drawdown | -83.76% | -41.53% |
| Current Drawdown | -33.04% | -6.04% |
Correlation
The correlation between OILK and RYLD 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. RYLD - Performance Comparison
In the year-to-date period, OILK achieves a 6.06% return, which is significantly lower than RYLD's 10.90% 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. RYLD - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Risk-Adjusted Performance
OILK vs. RYLD - 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 Global X Russell 2000 Covered Call ETF (RYLD). 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. RYLD - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 2.94%, less than RYLD's 11.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
RYLD Global X Russell 2000 Covered Call ETF | 11.73% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% | 0.00% | 0.00% |
Drawdowns
OILK vs. RYLD - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for OILK and RYLD. For additional features, visit the drawdowns tool.
Volatility
OILK vs. RYLD - Volatility Comparison
ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a higher volatility of 8.58% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 3.71%. This indicates that OILK's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.