XXXX vs. OILK
XXXX (MAX S&P 500 4X Leveraged ETN) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - XXXX is a Leveraged Equities fund tracking the S&P 500, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past year, XXXX returned 86.73% vs 58.99% for OILK. At a correlation of -0.04, they often move in opposite directions. XXXX charges 2.95%/yr vs 0.68%/yr for OILK.
Performance
XXXX vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, XXXX achieves a 29.32% return, which is significantly lower than OILK's 64.22% return.
XXXX
- 1D
- -2.88%
- 1M
- 18.44%
- YTD
- 29.32%
- 6M
- 26.06%
- 1Y
- 86.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- 1.40%
- 1M
- -1.65%
- YTD
- 64.22%
- 6M
- 60.70%
- 1Y
- 58.99%
- 3Y*
- 19.03%
- 5Y*
- 17.73%
- 10Y*
- —
XXXX vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XXXX MAX S&P 500 4X Leveraged ETN | 29.32% | 17.36% | 61.36% | 16.31% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 64.22% | -11.86% | 8.18% | -1.45% |
Correlation
The correlation between XXXX and OILK is -0.29, 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 | -0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | -0.04 |
Over the past year, the inverse relationship between XXXX and OILK has strengthened: their correlation has moved from -0.04 to -0.29, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
XXXX vs. OILK — Risk / Return Rank
XXXX
OILK
XXXX vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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.
| XXXX | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.42 | -1.08 |
| Martin ratioReturn relative to average drawdown | 8.95 | 6.91 | +2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XXXX | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.06 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.12 | +0.75 |
Drawdowns
XXXX vs. OILK - Drawdown Comparison
The maximum XXXX drawdown since its inception was -62.27%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for XXXX and OILK.
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Drawdown Indicators
| XXXX | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -83.76% | +21.49% |
Max Drawdown (1Y)Largest decline over 1 year | -37.25% | -17.35% | -19.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -2.88% | -3.66% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -32.61% | +21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.73% | 8.56% | +1.17% |
Volatility
XXXX vs. OILK - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 11.32% compared to ProShares K-1 Free Crude Oil Strategy ETF (OILK) at 10.44%. This indicates that XXXX'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.
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Volatility by Period
| XXXX | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 10.44% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 35.41% | 23.26% | +12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.83% | 28.75% | +18.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.75% | 30.12% | +30.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.75% | 35.97% | +24.78% |
XXXX vs. OILK - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
XXXX vs. OILK - Dividend Comparison
XXXX has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 8.18%.
| 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% |
XXXX MAX S&P 500 4X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XXXX and OILK have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XXXX has higher volatility (11.32%) compared to OILK (10.44%). In terms of maximum drawdown, XXXX dropped -62.27% vs OILK's -83.76%.
On 1-year performance, XXXX leads with 86.73% vs 58.99% for OILK. On fees, OILK is cheaper at 0.68% per year. On volatility, OILK has been the lower-risk option at 10.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XXXX has performed better with a 86.73% return vs 58.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILK is cheaper with a 0.68% expense ratio, compared with 2.95% for XXXX.
OILK has the higher dividend yield at 8.18%, compared with 0.00% for XXXX.
XXXX is categorized as Leveraged Equities, while OILK is Oil & Gas. XXXX tracks S&P 500, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Max and ProShares. Their fees differ too: 2.95% for XXXX and 0.68% for OILK.
OILK currently has the higher Sharpe Ratio (2.06 vs 1.86), 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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