UPAL vs. OILU
UPAL (ProShares Ultra Palladium K-1 Free ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both Leveraged Commodities funds. At a correlation of -0.22, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
UPAL vs. OILU - Performance Comparison
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Returns By Period
UPAL
- 1D
- 0.78%
- 1M
- -22.27%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILU
- 1D
- -1.67%
- 1M
- -17.71%
- YTD
- 43.47%
- 6M
- 44.47%
- 1Y
- 50.18%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
UPAL vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UPAL ProShares Ultra Palladium K-1 Free ETF | -43.92% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | -17.11% |
Correlation
The correlation between UPAL and OILU is -0.22, 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 (All Time) Calculated using the full available price history since Apr 21, 2026 | -0.22 |
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Return for Risk
UPAL vs. OILU — Risk / Return Rank
UPAL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OILU
UPAL vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Palladium K-1 Free ETF (UPAL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
| UPAL | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.14 | — |
| Martin ratioReturn relative to average drawdown | — | 3.12 | — |
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Drawdowns
UPAL vs. OILU - Drawdown Comparison
The maximum UPAL drawdown since its inception was -48.54%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for UPAL and OILU.
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Drawdown Indicators
| UPAL | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.54% | -81.00% | +32.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.09% | — |
Current DrawdownCurrent decline from peak | -43.92% | -61.42% | +17.50% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -50.62% | +25.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.11% | — |
Volatility
UPAL vs. OILU - Volatility Comparison
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Volatility by Period
| UPAL | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 51.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 80.57% | 63.21% | +17.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.57% | 81.03% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.57% | 81.03% | -0.46% |
UPAL vs. OILU - Expense Ratio Comparison
Both UPAL and OILU have an expense ratio of 0.95%.
Dividends
UPAL vs. OILU - Dividend Comparison
UPAL's dividend yield for the trailing twelve months is around 0.27%, while OILU has not paid dividends to shareholders.
| Position | TTM |
|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% |
UPAL ProShares Ultra Palladium K-1 Free ETF | 0.27% |
Frequently Asked Questions
UPAL and OILU have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UPAL and OILU have the same expense ratio: 0.95% per year.
UPAL has the higher dividend yield at 0.27%, compared with 0.00% for OILU.
They also come from different issuers: ProShares and BMO.
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