OILK vs. USO
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and United States Oil Fund LP (USO).
OILK and USO 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. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both OILK and USO 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 USO.
Key characteristics
| OILK | USO | |
|---|---|---|
| YTD Return | 3.05% | 6.06% |
| 1Y Return | -4.17% | -3.06% |
| 3Y Return (Ann) | 8.50% | 8.12% |
| 5Y Return (Ann) | -2.29% | -5.81% |
| Sharpe Ratio | -0.11 | -0.05 |
| Sortino Ratio | 0.01 | 0.12 |
| Omega Ratio | 1.00 | 1.01 |
| Calmar Ratio | -0.07 | -0.02 |
| Martin Ratio | -0.40 | -0.20 |
| Ulcer Index | 6.80% | 7.81% |
| Daily Std Dev | 23.87% | 28.30% |
| Max Drawdown | -83.76% | -98.19% |
| Current Drawdown | -34.95% | -92.48% |
Correlation
The correlation between OILK and USO is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OILK vs. USO - Performance Comparison
In the year-to-date period, OILK achieves a 3.05% return, which is significantly lower than USO's 6.06% 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. USO - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is lower than USO's 0.79% expense ratio.
Risk-Adjusted Performance
OILK vs. USO - 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 United States Oil Fund LP (USO). 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. USO - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 3.03%, while USO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OILK vs. USO - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for OILK and USO. For additional features, visit the drawdowns tool.
Volatility
OILK vs. USO - Volatility Comparison
The current volatility for ProShares K-1 Free Crude Oil Strategy ETF (OILK) is 8.77%, while United States Oil Fund LP (USO) has a volatility of 10.02%. This indicates that OILK experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.