QQQA vs. OILK

Last updated Jun 4, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, 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, QQQA returned 14.74%/yr vs 17.73%/yr for OILK. At a 0.06 correlation, their price movements are largely independent. QQQA charges 0.58%/yr vs 0.68%/yr for OILK.

Performance

QQQA vs. OILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QQQA having a 65.37% return and OILK slightly lower at 64.22%.

QQQA

• 1D: 2.20%
• 1M: 23.31%
• YTD: 65.37%
• 6M: 67.98%
• 1Y: 88.43%
• 3Y*: 34.58%
• 5Y*: 14.74%
• 10Y*: —

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)

QQQA vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	9.87%	16.17%	24.98%	-29.08%	8.43%
OILK ProShares K-1 Free Crude Oil Strategy ETF	64.22%	-11.86%	8.18%	-0.97%	27.57%	26.61%

Correlation

The correlation between QQQA and OILK is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.06

The correlation between QQQA and OILK shifts across timeframes, from -0.15 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

QQQA vs. OILK - Sectors Allocation Comparison

Sectors	QQQA	OILK
Technology	65.2%	-
Communication Services	13.7%	-
Energy	9.1%	-
Healthcare	7.8%	-
Consumer Cyclical	4.2%	100.0%
Basic Materials	-	-
Consumer Defensive	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QQQA vs. OILK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 92
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

OILK

OILK Risk / Return Rank: 55
OILK Sharpe Ratio Rank: 60
OILK Sortino Ratio Rank: 53
OILK Omega Ratio Rank: 54
OILK Calmar Ratio Rank: 68
OILK Martin Ratio Rank: 42

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.

QQQA vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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.

	QQQA	OILK	Difference
Sharpe ratio: Return per unit of total volatility	3.41	2.06	+1.35
Sortino ratio: Return per unit of downside risk	4.00	2.59	+1.41
Omega ratio: Gain probability vs. loss probability	1.54	1.34	+0.20
Calmar ratio: Return relative to maximum drawdown	6.11	3.42	+2.70
Martin ratio: Return relative to average drawdown	22.85	6.91	+15.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQA vs. OILK - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 3.41, which is higher than the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of QQQA 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.

Sharpe Ratios by Period

	QQQA	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	2.06	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.59	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.12	+0.47

Drawdowns

QQQA vs. OILK - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for QQQA and OILK.

Drawdown Indicators

	QQQA	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-83.76%	+45.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-17.35%	+2.81%
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	-23.42%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	-34.69%	-3.75%
Current Drawdown Current decline from peak	0.00%	-3.66%	+3.66%
Average Drawdown Average peak-to-trough decline	-15.68%	-32.61%	+16.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	8.56%	-4.68%

Volatility

QQQA vs. OILK - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and ProShares K-1 Free Crude Oil Strategy ETF (OILK) have volatilities of 10.17% and 10.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	10.44%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	23.26%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	26.05%	28.75%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	30.12%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	35.97%	-10.20%

QQQA vs. OILK - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than OILK's 0.68% expense ratio.

Dividends

QQQA vs. OILK - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.06%, less than OILK's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQA and OILK in my portfolio?

QQQA and OILK have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQA or OILK?

OILK has higher volatility (10.44%) compared to QQQA (10.17%). In terms of maximum drawdown, QQQA dropped -38.44% vs OILK's -83.76%.

Which ETF is better, QQQA or OILK?

On 5-year performance, OILK leads with 17.73% vs 14.74% for QQQA. On fees, QQQA is cheaper at 0.58% per year. On volatility, QQQA has been the lower-risk option at 10.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQA or OILK?

Over the 5-year period, OILK has performed better with a 17.73% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQA or OILK?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.68% for OILK.

Which ETF pays a higher dividend yield, QQQA or OILK?

OILK has the higher dividend yield at 8.18%, compared with 0.06% for QQQA.

What is the main difference between QQQA and OILK?

QQQA is categorized as Nasdaq-100, while OILK is Oil & Gas. QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. Their fees differ too: 0.58% for QQQA and 0.68% for OILK.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (3.41 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.