Which returned more over the last year, DBO or OILK?

In the year to Oct 28, 2026, with distributions reinvested, DBO returned +113.3% and OILK +91.1%.

Which is cheaper, DBO or OILK?

OILK is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

DBO vs OILK: Differences, Returns & Fees

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DBO is a commodity futures fund and OILK a commodity fund, and over the year to Oct 28, 2026, DBO returned +113.3% against +91.1%.

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Net assets: $286m on Oct 27, 2026 for Invesco DB Oil Fund, and $258m on Oct 28, 2026 for ProShares K-1 Free Crude Oil ETF.

DBO on its own →OILK on its own →

At a glance

+113.3%

DBO total return, 1 year

+91.1%

OILK total return, 1 year

0.73%

DBO expense ratio

0.70%

OILK expense ratio

Pair scorecard

OILK costs 0.03 points a year less; their one-year returns differ by 22.2 points; DBO is 1.1 times larger.

DBO vs OILK: Differences, Returns & Fees
Measure	DBO	OILK
Return
Measure	DBO	OILK
Total return, 1 year	+113.3%	+91.1%
Drawdown
Measure	DBO	OILK
Below its high	42.2%, high on Jul 14, 2008
Benchmark
Measure	DBO	OILK
What it tracks	Energy futures	Bloomberg Commodity Balanced WTI Crude Oil Index
Cost and size
Measure	DBO	OILK
Expense ratio	0.73%	0.70%
Net assets, as of Oct 27, 2026	$286m	$253m
Holdings
Measure	DBO	OILK
Holdings in common	not published

Method

Risk and return

Oct 7, 2016 to Oct 23, 2026 · 524 weekly returns

DBO OILK

Return

Total return edge DBO +245.8% +66.7%

Annualized edge DBO +13.1% +5.2%

Price return edge DBO +193.3% −42.7%

Risk

Volatility edge DBO 31.8% 36.3%

Max drawdown edge DBO −59.8% −82.6%

Risk-adjusted

Sharpe edge DBO 0.47 0.26

Sortino edge DBO 0.70 0.36

Calmar edge DBO 0.22 0.06

Reading

DBO returned more: +245.8% to +66.7%. DBO swung less: 31.8% to 36.3%. DBO fell less at its worst: −59.8% to −82.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: DBO vs OILK: Differences, Returns & Fees
Measure	DBO	OILK	Edge	How it is measured
Return
Total return	+245.8%	+66.7%	DBO	Price change plus distributions, reinvested.
Annualized	+13.1%	+5.2%	DBO	Total return as a yearly rate.
Price return	+193.3%	−42.7%	DBO	Price change alone, distributions left out.
Risk
Volatility	31.8%	36.3%	DBO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	21.1%	25.8%	DBO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−59.8%	−82.6%	DBO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.47	0.26	DBO	Return above Treasury bills per unit of volatility.
Sortino	0.70	0.36	DBO	Return above Treasury bills per unit of downside deviation.
Calmar	0.22	0.06	DBO	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 524 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

DBO Invesco DB Oil Fund OILK ProShares K-1 Free Crude Oil ETF

Where it sits Commodity ETF Commodity ETF

Issuer Invesco ProShares

What it is Holds energy futures Tracks an index

Total return, 1 year +113.3% +91.1%

Expense ratio 0.73% 0.70%

Holdings not read by ETFIQ 3

Net assets, DBO as of Oct 27, 2026 and OILK as of Oct 28, 2026 $286m $258m

DBO and OILK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-7734CA5D9D

DBO and OILK are built for the same job. How do they differ in cost, holdings and results?

What each follows. DBO follows Energy futures and OILK follows Bloomberg Commodity Balanced WTI Crude Oil Index.
One-year total return. Over 1 year to Oct 28, 2026 DBO returned +113.3% and OILK +91.1% with distributions reinvested, a gap of 22.2 points.
Cost (similar). DBO charges 0.73% of assets a year and OILK 0.70%, a gap of 0.03 points.

Data as of Oct 28, 2026.

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About each fund

DBO

Its expense ratio is 0.73% a year, for the three months to Jun 30, 2026, as its 10-Q states.

DBO holds energy futures. Over the year to Oct 28, 2026 it returned +113.3% with distributions reinvested. It sat 42.2% below its high of Jul 14, 2008 on Oct 28, 2026.

OILK

OILK tracks an index. Over the year to Oct 28, 2026 it returned +91.1% with distributions reinvested. The prospectus expense ratio is 0.70% a year.

Questions people ask

Which returned more over the last year, DBO or OILK?: In the year to Oct 28, 2026, with distributions reinvested, DBO returned +113.3% and OILK +91.1%.
Which is cheaper, DBO or OILK?: OILK is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BNO vs DBO DBO vs USO BNO vs OILK OILK vs USO

Where to next

DBO on its own →OILK on its own →Hold both: look the portfolio through →Rankings →DBO dividend history →OILK dividend history →OILK holdings →Standards and sources →

Sources and dates

DBO filings on SEC EDGAR ↗

Invesco page for DBO ↗

OILK filings on SEC EDGAR ↗

OILK prospectus with the expense ratio (SEC) ↗

ProShares page for OILK ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, DBO against OILK, data as of Oct 28, 2026. https://etfiq.com/compare/any/dbo-vs-oilk

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