URTY vs. OILU
URTY (ProShares UltraPro Russell2000) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while OILU is a Leveraged Commodities fund managed by BMO. Over the past 3 years, URTY returned 23.03%/yr vs 2.53%/yr for OILU. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
URTY vs. OILU - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 57.52% return, which is significantly lower than OILU's 84.54% return.
URTY
- 1D
- 4.30%
- 1M
- 0.06%
- 6M
- 30.87%
- YTD
- 57.52%
- 1Y
- 100.50%
- 3Y*
- 23.03%
- 5Y*
- -2.76%
- 10Y*
- 7.34%
- ALL TIME*
- 14.17%
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
URTY vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 57.52% | 9.26% | 7.38% | 24.43% | -62.81% | -24.16% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
Correlation
The correlation between URTY and OILU is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.37 |
The correlation between URTY and OILU shifts across timeframes, from -0.02 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URTY vs. OILU — Risk / Return Rank
URTY
OILU
URTY vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.
| URTY | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.17 | +0.93 |
| Martin ratioReturn relative to average drawdown | 10.12 | 5.47 | +4.66 |
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Drawdowns
URTY vs. OILU - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for URTY and OILU.
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Drawdown Indicators
| URTY | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -81.00% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -46.49% | +13.93% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -69.09% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | — | — |
Current DrawdownCurrent decline from peak | -35.15% | -50.37% | +15.22% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -50.70% | +15.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 18.45% | -8.49% |
Volatility
URTY vs. OILU - Volatility Comparison
The current volatility for ProShares UltraPro Russell2000 (URTY) is 10.20%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 17.88%. This indicates that URTY experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URTY | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 17.88% | -7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 42.55% | 51.06% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.98% | 63.84% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.34% | 80.86% | -13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.23% | 80.86% | -11.63% |
URTY vs. OILU - Expense Ratio Comparison
Both URTY and OILU have an expense ratio of 0.95%.
Dividends
URTY vs. OILU - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.75%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTY ProShares UltraPro Russell2000 | 0.75% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
Frequently Asked Questions
URTY and OILU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (17.88%) compared to URTY (10.20%). In terms of maximum drawdown, URTY dropped -88.09% vs OILU's -81.00%.
On 3-year performance, URTY leads with 23.03% vs 2.53% for OILU. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 10.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, URTY has performed better with a 23.03% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTY and OILU have the same expense ratio: 0.95% per year.
URTY has the higher dividend yield at 0.75%, compared with 0.00% for OILU.
URTY is categorized as Leveraged Equities, while OILU is Leveraged Commodities. They also come from different issuers: ProShares and BMO.
URTY currently has the higher Sharpe Ratio (1.74 vs 1.59), 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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