OILK vs. USOI
Compare and contrast key facts about ProShares K-1 Free Crude Oil Strategy ETF (OILK) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI).
OILK and USOI 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. USOI is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. It was launched on Apr 25, 2017. Both OILK and USOI 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 USOI.
Key characteristics
| OILK | USOI | |
|---|---|---|
| YTD Return | 2.93% | 7.92% |
| 1Y Return | -3.93% | 0.35% |
| 3Y Return (Ann) | 8.45% | 8.36% |
| 5Y Return (Ann) | -2.61% | -7.79% |
| Sharpe Ratio | -0.18 | 0.01 |
| Sortino Ratio | -0.09 | 0.16 |
| Omega Ratio | 0.99 | 1.02 |
| Calmar Ratio | -0.11 | 0.00 |
| Martin Ratio | -0.63 | 0.04 |
| Ulcer Index | 6.85% | 5.83% |
| Daily Std Dev | 23.82% | 21.32% |
| Max Drawdown | -83.76% | -77.42% |
| Current Drawdown | -35.02% | -46.72% |
Correlation
The correlation between OILK and USOI is 0.81, 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. USOI - Performance Comparison
In the year-to-date period, OILK achieves a 2.93% return, which is significantly lower than USOI's 7.92% 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. USOI - Expense Ratio Comparison
OILK has a 0.68% expense ratio, which is lower than USOI's 0.85% expense ratio.
Risk-Adjusted Performance
OILK vs. USOI - 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 Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). 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. USOI - Dividend Comparison
OILK's dividend yield for the trailing twelve months is around 3.03%, less than USOI's 21.25% yield.
| 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% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 21.25% | 26.72% | 42.78% | 20.48% | 67.99% | 17.11% | 13.08% | 6.31% |
Drawdowns
OILK vs. USOI - Drawdown Comparison
The maximum OILK drawdown since its inception was -83.76%, which is greater than USOI's maximum drawdown of -77.42%. Use the drawdown chart below to compare losses from any high point for OILK and USOI. For additional features, visit the drawdowns tool.
Volatility
OILK vs. USOI - Volatility Comparison
ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a higher volatility of 7.99% compared to Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) at 7.15%. This indicates that OILK's price experiences larger fluctuations and is considered to be riskier than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.