ProShares K-1 Free Crude Oil Strategy ETF (OILK) Performance
OILK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +96.9% since Dec 31, 2025
- 1 year
- +88.1% total return
- 5 years
- +17.7% a year
- 10 years
- +5.1% a year
- Since first price
- +5.9% a year since 2016
OILK trailing returns vs SPY, QQQ, AGG
| Period | OILK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +13.0% | +8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +24.0% | +12.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +26.6% | +9.1% | +7.8% | +8.4% | −1.5% |
| YTD | +96.9% | +65.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +88.1% | +57.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.9%+18.4%/yr | +27.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +125.6%+17.7%/yr | −3.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +65.1%+5.1%/yr | −43.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 28, 2016 | +77.6%+5.9%/yr | −39.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OILK vs SPY
From Sep 28, 2016: OILK grew to $17,756, SPY to $41,077.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OILK returns by calendar year
5 of 9 full years positive. Best 2021 (+63.7%), worst 2020 (−61.1%). 2026 is year to date.
OILK annual returns table
| Year | OILK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +96.9% | −21.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −11.9% | −21.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.2% | −17.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −1.0% | −16.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +27.6% | −30.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +63.7% | −18.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −61.1% | −79.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.5% | −23.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −20.4% | −42.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +2.8% | −26.1% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OILK largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 3, 2018 | −83.8% | Apr 28, 2020 | May 4, 2026 | 1.6 years | 7.6 years |
| Dec 27, 2016 | −26.3% | Jun 21, 2017 | Dec 26, 2017 | 6 months | 12 months |
| May 19, 2026 | −21.2% | Jul 1, 2026 | Sep 9, 2026 | 43 days | 4 months |
| Oct 10, 2016 | −15.7% | Nov 14, 2016 | Dec 13, 2016 | 35 days | 2 months |
| Jan 26, 2018 | −10.7% | Feb 9, 2018 | Mar 23, 2018 | 14 days | 56 days |
| Jun 29, 2018 | −10.7% | Aug 15, 2018 | Sep 24, 2018 | 47 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OILK risk statistics
| Statistic | 3 years | 5 years | 10 years |
|---|---|---|---|
| Annualized return | +13.9% | +17.1% | +4.5% |
| Volatility (annualized) | 25.8% | 26.5% | 36.2% |
| Sharpe ratio | 0.46 | 0.59 | 0.26 |
| Sortino ratio | 0.81 | 1.02 | 0.36 |
| Best month | +25.6% | +25.6% | +33.9% |
| Worst month | −15.4% | −15.4% | −54.7% |
| Best 12 months | +68.9% | +68.9% | +127.7% |
| Worst 12 months | −19.8% | −27.9% | −78.4% |
| Positive months | 53% | 53% | 56% |
| Beta vs S&P 500 | -0.16 | 0.19 | 0.78 |
| Correlation with S&P 500 | -0.08 | 0.11 | 0.33 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OILK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 110 | −78.4% | +4.0% | +127.7% | 55% |
| 3-year (a year) | 86 | −34.8% | −0.7% | +51.3% | 49% |
| 5-year (a year) | 62 | −9.2% | −0.2% | +26.7% | 48% |
| 10-year (a year) | 2 | +4.5% | +5.3% | +6.1% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
OILK performance overview
ProShares K-1 Free Crude Oil Strategy ETF (OILK) returned +88.1% over the past year and +5.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +5.9% a year, turning $10,000 into about $17,756. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.8%, from Oct 3, 2018 to Apr 28, 2020, and it took 6.0 years to get back to the old high. OILK finished 5 of its 9 full calendar years with a gain; the best year was 2021 (+63.7%) and the worst 2020 (−61.1%). Volatility has been 36.2% a year.
Related: OILK chart, OILK dividends. See the OILK overview for the latest quote and fund facts.
OILK performance FAQ
What is the OILK return over the past year?
OILK returned +88.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 57.6%.
What is the average annual return of OILK?
OILK has returned +17.7% a year over 5 years, +5.1% a year over 10 years, +5.9% a year since September 28, 2016 (total return, distributions reinvested).
How much would $10,000 invested in OILK be worth?
$10,000 invested in OILK at its first recorded close on September 28, 2016 would be worth about $17,756 on October 23, 2026 with distributions reinvested.
What was the worst year for OILK?
The worst calendar year was 2020, with a total return of −61.1%. The best was 2021 at +63.7%.
What is the biggest drawdown of OILK?
The largest peak-to-trough decline was −83.8% between October 3, 2018 and April 28, 2020. It recovered to the old high on May 4, 2026, 6.0 years after the bottom.
How volatile is OILK?
Over the past 3 years OILK had an annualized volatility of 25.8% and a Sharpe ratio of 0.46 (excess return over 1–3 month T-bills per unit of risk).