RDTY vs. OILK
RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - RDTY is a Derivative Income fund actively managed by YieldMax, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. RDTY is actively managed, while OILK is passively managed. Over the past year, RDTY returned 25.49% vs 56.95% for OILK. At a correlation of -0.09, they often move in opposite directions. RDTY charges 1.01%/yr vs 0.68%/yr for OILK.
Performance
RDTY vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, RDTY achieves a 13.72% return, which is significantly lower than OILK's 61.09% return.
RDTY
- 1D
- 0.72%
- 1M
- 1.49%
- YTD
- 13.72%
- 6M
- 13.39%
- 1Y
- 25.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- -1.91%
- 1M
- -2.15%
- YTD
- 61.09%
- 6M
- 56.40%
- 1Y
- 56.95%
- 3Y*
- 18.39%
- 5Y*
- 17.28%
- 10Y*
- —
RDTY vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 13.72% | 10.73% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 61.09% | -5.98% |
Correlation
The correlation between RDTY and OILK is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | -0.09 |
The correlation between RDTY and OILK shifts across timeframes, from -0.25 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RDTY vs. OILK — Risk / Return Rank
RDTY
OILK
RDTY vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) 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.
| RDTY | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.30 | -0.52 |
| Martin ratioReturn relative to average drawdown | 9.38 | 6.67 | +2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RDTY | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.99 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.11 | +0.82 |
Drawdowns
RDTY vs. OILK - Drawdown Comparison
The maximum RDTY drawdown since its inception was -17.31%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for RDTY and OILK.
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Drawdown Indicators
| RDTY | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -83.76% | +66.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -17.35% | +8.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -0.59% | -5.49% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -32.60% | +29.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 8.57% | -5.84% |
Volatility
RDTY vs. OILK - Volatility Comparison
The current volatility for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) is 5.92%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.52%. This indicates that RDTY 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
| RDTY | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 10.52% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 23.32% | -10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 28.82% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 30.13% | -8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 35.97% | -13.92% |
RDTY vs. OILK - Expense Ratio Comparison
RDTY has a 1.01% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
RDTY vs. OILK - Dividend Comparison
RDTY's dividend yield for the trailing twelve months is around 43.97%, more than OILK's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 8.34% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 43.97% | 36.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDTY and OILK have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (10.52%) compared to RDTY (5.92%). In terms of maximum drawdown, RDTY dropped -17.31% vs OILK's -83.76%.
On 1-year performance, OILK leads with 56.95% vs 25.49% for RDTY. On fees, OILK is cheaper at 0.68% per year. On volatility, RDTY has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILK has performed better with a 56.95% return vs 25.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILK is cheaper with a 0.68% expense ratio, compared with 1.01% for RDTY.
RDTY has the higher dividend yield at 43.97%, compared with 8.34% for OILK.
RDTY is categorized as Derivative Income, while OILK is Oil & Gas. They also come from different issuers: YieldMax and ProShares. Their fees differ too: 1.01% for RDTY and 0.68% for OILK.
OILK currently has the higher Sharpe Ratio (1.99 vs 1.51), 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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