OILK vs SPY
ProShares K-1 Free Crude Oil ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OILK delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OILK | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $229M | $821.1B | |
| Dividend Yield | 8.58% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +50.27% | +12.68% | |
| 1Y Return | +39.33% | +21.82% | |
| 3Y Return (annualized) | +11.15% | +21.98% | |
| 5Y Return (annualized) | +16.34% | +12.89% | |
| Volatility (annualized) | 82.8% | 15.3% | |
| Max Drawdown | -75.0% | -56.5% | |
| Fund Family | ProShares | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Sep 26, 2016 | Jan 22, 1993 |
OILK vs SPY Performance
ProShares K-1 Free Crude Oil ETF (OILK) is a ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OILK returned +39.33% while SPY returned +21.82%. Year to date, OILK is up 50.27% versus a gain of 12.68% for SPY.
Over three years, OILK compounded at +11.15% per year against +21.98% for SPY; over five years the annualized figures are +16.34% and +12.89% respectively. Across the full 10-year window we track, OILK has the edge at +20.38% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OILK has been the more volatile fund, with annualized monthly volatility of 82.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -75.0% for OILK and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OILK charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, OILK currently yields 8.58% against 1.01% for SPY.
Holdings Overlap
OILK and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OILK or SPY?
OILK has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, OILK or SPY?
Over the past year OILK returned +39.33% vs +21.82% for SPY, so OILK leads on 1-year performance. Over the longest common window we track (10 years), OILK annualized +20.38% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, OILK or SPY?
OILK has been the more volatile fund at 82.8% annualized versus 15.3% for SPY. Worst drawdown: OILK -75.0% vs SPY -56.5%.
Should I hold both OILK and SPY?
OILK and SPY have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OILK and SPY?
OILK and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, OILK or SPY?
OILK yields 8.58% while SPY yields 1.01%, so OILK currently pays the higher dividend yield.
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