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QQQ vs. OILK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. OILK

Last updated Jun 4, 2026

QQQ (Invesco QQQ ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past 5 years, QQQ returned 17.97%/yr vs 17.73%/yr for OILK. At a 0.12 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.68%/yr for OILK.

Performance

QQQ vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQQ achieves a 21.30% return, which is significantly lower than OILK's 64.22% return.

QQQ

1D
-0.26%
1M
10.60%
YTD
21.30%
6M
19.66%
1Y
41.82%
3Y*
28.78%
5Y*
17.97%
10Y*
21.94%

OILK

1D
1.40%
1M
-1.65%
YTD
64.22%
6M
60.70%
1Y
58.99%
3Y*
19.03%
5Y*
17.73%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. OILK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
OILK
ProShares K-1 Free Crude Oil Strategy ETF		64.22%-11.86%8.18%-0.97%27.57%63.71%-61.09%30.48%-20.40%2.82%

Correlation

The correlation between QQQ and OILK is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.26

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2016

0.12

The correlation between QQQ and OILK shifts across timeframes, from -0.26 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

QQQ vs. OILK - Sectors Allocation Comparison

Sectors
QQQ
OILK

Technology

53.8%

-

Communication Services

15.8%

-

Consumer Cyclical

12.3%
100.0%

Consumer Defensive

7.7%

-

Healthcare

4.2%

-

Industrials

2.8%

-

Utilities

1.4%

-

Basic Materials

1.1%

-

Energy

0.6%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQQ
53.8%
OILK

-

Communication Services

QQQ
15.8%
OILK

-

Consumer Cyclical

QQQ
12.3%
OILK
100.0%

Consumer Defensive

QQQ
7.7%
OILK

-

Healthcare

QQQ
4.2%
OILK

-

Industrials

QQQ
2.8%
OILK

-

Utilities

QQQ
1.4%
OILK

-

Basic Materials

QQQ
1.1%
OILK

-

Energy

QQQ
0.6%
OILK

-

Financial Services

QQQ
0.2%
OILK

-

Real Estate

QQQ
0.1%
OILK

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

ProShares K-1 Free Crude Oil Strategy ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with OILK:
OILK vs. USOOILK vs. GUSHOILK vs. DBOOILK vs. USOIOILK vs. WTMFOILK vs. AMOMOILK vs. REVS

Return for Risk

QQQ vs. OILK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
OILK
OILK Risk / Return Rank: 5555
Overall Rank
OILK Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
OILK Sortino Ratio Rank: 5353
Sortino Ratio Rank
OILK Omega Ratio Rank: 5454
Omega Ratio Rank
OILK Calmar Ratio Rank: 6868
Calmar Ratio Rank
OILK Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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.

QQQOILKDifference
Sharpe ratioReturn per unit of total volatility
2.64
2.06

+0.57

Sortino ratioReturn per unit of downside risk
3.45
2.59

+0.86

Omega ratioGain probability vs. loss probability

1.45

1.34

+0.11

Calmar ratioReturn relative to maximum drawdown

3.51

3.42

+0.10

Martin ratioReturn relative to average drawdown

13.49

6.91

+6.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. OILK - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.64, which is comparable to the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of QQQ and OILK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QQQOILKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.64

2.06

+0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.59

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.99

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.12

+0.29

Drawdowns

QQQ vs. OILK - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, roughly equal to the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for QQQ and OILK.

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Drawdown Indicators

QQQOILKDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-83.76%

+0.79%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-17.35%

+5.39%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-23.42%

+0.65%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-34.69%

-0.43%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

—

—

Current Drawdown

Current decline from peak

-0.26%

-3.66%

+3.40%

Average Drawdown

Average peak-to-trough decline

-32.79%

-32.61%

-0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

8.56%

-5.45%

Volatility

QQQ vs. OILK - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 4.49%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQOILKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

10.44%

-5.95%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

23.26%

-11.16%

Volatility (1Y)

Calculated over the trailing 1-year period

15.94%

28.75%

-12.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.38%

30.12%

-7.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.29%

35.97%

-13.68%

QQQ vs. OILK - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than OILK's 0.68% expense ratio.

Dividends

QQQ vs. OILK - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.38%, less than OILK's 8.18% yield.

PositionTTM20252024202320222021202020192018201720162015
OILK
ProShares K-1 Free Crude Oil Strategy ETF		8.18%4.79%3.11%5.80%17.32%68.82%0.13%0.94%0.58%6.17%0.00%0.00%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

QQQ and OILK have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OILK has higher volatility (10.44%) compared to QQQ (4.49%). In terms of maximum drawdown, QQQ dropped -82.97% vs OILK's -83.76%.

On 5-year performance, QQQ leads with 17.97% vs 17.73% for OILK. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 17.97% return vs 17.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.68% for OILK.

OILK has the higher dividend yield at 8.18%, compared with 0.38% for QQQ.

QQQ is categorized as Nasdaq-100, while OILK is Oil & Gas. QQQ tracks NASDAQ-100 Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.18% for QQQ and 0.68% for OILK.

QQQ currently has the higher Sharpe Ratio (2.64 vs 2.06), 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.

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