SVAL vs. OILK

Last updated Jun 4, 2026

SVAL (iShares US Small Cap Value Factor ETF) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - SVAL is a Small Cap Value Equities fund tracking the Russell 2000 Focused Value Select 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, SVAL returned 6.47%/yr vs 17.73%/yr for OILK. At a 0.19 correlation, their price movements are largely independent. SVAL charges 0.20%/yr vs 0.68%/yr for OILK.

Performance

SVAL vs. OILK - Performance Comparison

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

Returns By Period

In the year-to-date period, SVAL achieves a 15.99% return, which is significantly lower than OILK's 64.22% return.

SVAL

• 1D: -1.51%
• 1M: 2.08%
• YTD: 15.99%
• 6M: 15.39%
• 1Y: 34.88%
• 3Y*: 17.30%
• 5Y*: 6.47%
• 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)

SVAL vs. OILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SVAL iShares US Small Cap Value Factor ETF	15.99%	8.23%	7.54%	12.27%	-10.15%	33.18%	27.93%
OILK ProShares K-1 Free Crude Oil Strategy ETF	64.22%	-11.86%	8.18%	-0.97%	27.57%	63.71%	30.94%

Correlation

The correlation between SVAL and OILK is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.19

The correlation between SVAL and OILK shifts across timeframes, from -0.21 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

SVAL vs. OILK - Sectors Allocation Comparison

Sectors	SVAL	OILK
Financial Services	23.7%	-
Industrials	15.8%	-
Consumer Cyclical	13.7%	100.0%
Technology	10.7%	-
Healthcare	10.3%	-
Energy	7.7%	-
Basic Materials	6.1%	-
Consumer Defensive	4.1%	-
Utilities	3.3%	-
Real Estate	2.7%	-
Communication Services	1.8%	-

Return for Risk

SVAL vs. OILK — Risk / Return Rank

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

SVAL

SVAL Risk / Return Rank: 64
SVAL Sharpe Ratio Rank: 57
SVAL Sortino Ratio Rank: 60
SVAL Omega Ratio Rank: 56
SVAL Calmar Ratio Rank: 77
SVAL Martin Ratio Rank: 67

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.

SVAL vs. OILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) 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.

	SVAL	OILK	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.06	-0.09
Sortino ratio: Return per unit of downside risk	2.88	2.59	+0.29
Omega ratio: Gain probability vs. loss probability	1.35	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	3.92	3.42	+0.50
Martin ratio: Return relative to average drawdown	12.29	6.91	+5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVAL vs. OILK - Sharpe Ratio Comparison

The current SVAL Sharpe Ratio is 1.97, which is comparable to the OILK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SVAL 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

	SVAL	OILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.06	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.59	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.12	+0.59

Drawdowns

SVAL vs. OILK - Drawdown Comparison

The maximum SVAL drawdown since its inception was -27.44%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for SVAL and OILK.

Drawdown Indicators

	SVAL	OILK	Difference
Max Drawdown Largest peak-to-trough decline	-27.44%	-83.76%	+56.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-17.35%	+8.41%
Max Drawdown (3Y) Largest decline over 3 years	-27.44%	-23.42%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.44%	-34.69%	+7.25%
Current Drawdown Current decline from peak	-1.51%	-3.66%	+2.15%
Average Drawdown Average peak-to-trough decline	-8.51%	-32.61%	+24.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	8.56%	-5.71%

Volatility

SVAL vs. OILK - Volatility Comparison

The current volatility for iShares US Small Cap Value Factor ETF (SVAL) is 4.31%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.44%. This indicates that SVAL 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.

Volatility by Period

	SVAL	OILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	10.44%	-6.13%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	23.26%	-11.64%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	28.75%	-10.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	30.12%	-7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	35.97%	-12.70%

SVAL vs. OILK - Expense Ratio Comparison

SVAL has a 0.20% expense ratio, which is lower than OILK's 0.68% expense ratio.

Dividends

SVAL vs. OILK - Dividend Comparison

SVAL's dividend yield for the trailing twelve months is around 2.27%, 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%
SVAL iShares US Small Cap Value Factor ETF	2.27%	2.33%	1.82%	2.25%	2.09%	2.33%	0.28%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVAL and OILK in my portfolio?

SVAL and OILK have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVAL or OILK?

OILK has higher volatility (10.44%) compared to SVAL (4.31%). In terms of maximum drawdown, SVAL dropped -27.44% vs OILK's -83.76%.

Which ETF is better, SVAL or OILK?

On 5-year performance, OILK leads with 17.73% vs 6.47% for SVAL. On fees, SVAL is cheaper at 0.20% per year. On volatility, SVAL has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVAL or OILK?

Over the 5-year period, OILK has performed better with a 17.73% return vs 6.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVAL or OILK?

SVAL is cheaper with a 0.20% expense ratio, compared with 0.68% for OILK.

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

OILK has the higher dividend yield at 8.18%, compared with 2.27% for SVAL.

What is the main difference between SVAL and OILK?

SVAL is categorized as Small Cap Value Equities, while OILK is Oil & Gas. SVAL tracks Russell 2000 Focused Value Select Index, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for SVAL and 0.68% for OILK.

Which has better risk-adjusted returns?

OILK currently has the higher Sharpe Ratio (2.06 vs 1.97), 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.