USO vs. OILK
Compare and contrast key facts about United States Oil Fund LP (USO) and ProShares K-1 Free Crude Oil Strategy ETF (OILK).
USO and OILK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. OILK is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. It was launched on Sep 26, 2016. Both USO and OILK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USO or OILK.
Key characteristics
| USO | OILK | |
|---|---|---|
| YTD Return | 6.12% | 2.93% |
| 1Y Return | -2.70% | -3.93% |
| 3Y Return (Ann) | 8.13% | 8.45% |
| 5Y Return (Ann) | -6.07% | -2.61% |
| Sharpe Ratio | -0.11 | -0.18 |
| Sortino Ratio | 0.05 | -0.09 |
| Omega Ratio | 1.01 | 0.99 |
| Calmar Ratio | -0.03 | -0.11 |
| Martin Ratio | -0.38 | -0.63 |
| Ulcer Index | 7.82% | 6.85% |
| Daily Std Dev | 28.26% | 23.82% |
| Max Drawdown | -98.19% | -83.76% |
| Current Drawdown | -92.47% | -35.02% |
Correlation
The correlation between USO and OILK is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USO vs. OILK - Performance Comparison
In the year-to-date period, USO achieves a 6.12% return, which is significantly higher than OILK's 2.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USO vs. OILK - Expense Ratio Comparison
USO has a 0.79% expense ratio, which is higher than OILK's 0.68% expense ratio.
Risk-Adjusted Performance
USO vs. OILK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) 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.
Dividends
USO vs. OILK - Dividend Comparison
USO has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 3.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 3.03% | 5.80% | 17.31% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Drawdowns
USO vs. OILK - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, which is greater than OILK's maximum drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for USO and OILK. For additional features, visit the drawdowns tool.
Volatility
USO vs. OILK - Volatility Comparison
United States Oil Fund LP (USO) has a higher volatility of 9.13% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 7.99%. This indicates that USO's price experiences larger fluctuations and is considered to be riskier than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.