TUA vs. OILK
TUA (Simplify Short Term Treasury Futures Strategy ETF) and OILK (ProShares K-1 Free Crude Oil ETF) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. TUA is actively managed, while OILK is passively managed. Over the past 3 years, TUA returned 0.30%/yr vs 9.71%/yr for OILK. Their -0.20 correlation means they have often moved in opposite directions in the past. TUA charges 0.16%/yr vs 0.69%/yr for OILK.
Performance
TUA vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -6.16% return, which is significantly lower than OILK's 47.49% return.
TUA
- 1D
- 0.22%
- 1M
- -0.88%
- 6M
- -5.37%
- YTD
- -6.16%
- 1Y
- -5.03%
- 3Y*
- 0.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.57%
OILK
- 1D
- -3.24%
- 1M
- 8.88%
- 6M
- 37.83%
- YTD
- 47.49%
- 1Y
- 33.62%
- 3Y*
- 9.71%
- 5Y*
- 15.25%
- 10Y*
- —
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.74M | $7.86M | $10.67M | |
| $11.78M | $10.08M | $8.27M |
TUA vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -6.16% | 7.27% | -3.59% | -2.04% | -0.83% |
OILK ProShares K-1 Free Crude Oil ETF | 47.49% | -11.86% | 8.18% | -0.97% | -1.77% |
Correlation
The correlation between TUA and OILK is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2022 | -0.20 |
The correlation between TUA and OILK shifts across timeframes, from -0.37 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TUA vs. OILK — Risk / Return Rank
TUA
OILK
TUA vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and ProShares K-1 Free Crude Oil 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TUA | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.20 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.59 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.49 | -5.87 |
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Drawdowns
TUA vs. OILK - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for TUA and OILK.
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Drawdown Indicators
| TUA | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -83.76% | +67.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -21.19% | +13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -23.42% | +14.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -10.79% | -13.47% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -32.27% | +23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 7.52% | -3.85% |
Volatility
TUA vs. OILK - Volatility Comparison
The current volatility for Simplify Short Term Treasury Futures Strategy ETF (TUA) is 1.86%, while ProShares K-1 Free Crude Oil ETF (OILK) has a volatility of 11.95%. This indicates that TUA 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
| TUA | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 11.95% | -10.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 26.22% | -20.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.59% | 30.24% | -23.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 30.48% | -19.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 36.00% | -25.35% |
TUA vs. OILK - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than OILK's 0.69% expense ratio.
Dividends
TUA vs. OILK - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.11%, less than OILK's 11.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil ETF | 11.51% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.11% | 3.84% | 5.19% | 4.83% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUA and OILK have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (11.95%) compared to TUA (1.86%). In terms of maximum drawdown, TUA dropped -15.85% vs OILK's -83.76%.
On 3-year performance, OILK leads with 9.71% vs 0.30% for TUA. On fees, TUA is cheaper at 0.16% per year. On volatility, TUA has been the lower-risk option at 1.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILK has performed better with a 9.71% return vs 0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUA is cheaper with a 0.16% expense ratio, compared with 0.69% for OILK.
OILK has the higher dividend yield at 11.51%, compared with 3.11% for TUA.
TUA is categorized as Intermediate Core Bond, while OILK is Oil & Gas. They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.16% for TUA and 0.69% for OILK.
OILK currently has the higher Sharpe Ratio (1.12 vs -0.77), 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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