OILK

ProShares K-1 Free Crude Oil Strategy ETF
C

N/A
*Unless otherwise stated, data provided by FactSet.

OILK Fund Description

OILK is an actively-managed fund of WTI crude oil futures with up to three months to expiration.

OILK Factset Analytics Insight

OILK offers near-vanilla exposure to WTI oil futures in an actively-managed, open-ended ETF wrapper. While several ETPs offer exposure to oil, OILK has two principal selling points. First, its active manager has discretion to roll expiring contracts into any contract up to three months out. This reduces contango issues common to front-month funds, and also avoids issues with rules-based roll strategies, such as other traders trying to front-run the fund. However, this approach may forgo some sensitivity to spot oil relative to pure play front month exposure. Second, OILK is organized as an open-ended ETF, rather than a commodities pool, so investors avoid receiving a complicated K-1 form at tax time. The fund pulls this off by getting its oil futures exposure through a wholly-owned Cayman Islands subsidiary, an increasingly common structure in the commodity space. OILK looks reasonably priced, but be sure to consider how fund liquidity and trading expenses will affect your round trip cost.

OILK CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OILK -13.32% -27.98% -14.04% -9.56% -- -- --
OILK (NAV) -9.08% -25.31% -10.92% -5.70% -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI Crude Oil Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OILK Top 10 Holdings

OILK Summary Data

ProShares
09/26/16
Open-Ended Fund
0.65%
$28.03M
$429.60K
0.12%

OILK Portfolio Data

Futures
Optimized
N/A
--

OILK Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI Crude Oil Index

OILK Portfolio Management

0.65%
--
--
--

OILK Tax Exposures

20.00% / 39.60%
--
No

OILK Fund Structure

Open-Ended Fund
Yes
No
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

OILK Factset Analytics Block Liquidity

As of 12/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of OILK. OILK is rated a 5 out of 5.

OILK Tradability

20,029
$429.60K
16,431
$351.29K
0.12%
$0.03
-0.04%
3.06% / -1.68%
None
100.00%
50,000
0.33
0.03%
--
--
$19.33
5

OILK TOP 10 TARGETED COMMODITY WEIGHTS

100.00%
100%

OILK Tenor Strategy

0

OILK Rolling Strategy

0

OILK Performance Statistics

1.00
1.00
--
--
0.00%