DRLL vs. OILT

Last updated Jun 4, 2026

DRLL (Strive U.S. Energy ETF) and OILT (Texas Capital Texas Oil Index ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Over the past year, DRLL returned 43.09% vs 47.26% for OILT. Their correlation of 0.92 suggests significant overlap in exposure. DRLL charges 0.41%/yr vs 0.35%/yr for OILT.

Performance

DRLL vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and Texas Capital Texas Oil Index ETF (OILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRLL achieves a 31.26% return, which is significantly lower than OILT's 35.33% return.

DRLL

• 1D: 1.47%
• 1M: -1.82%
• YTD: 31.26%
• 6M: 27.14%
• 1Y: 43.09%
• 3Y*: 14.67%
• 5Y*: —
• 10Y*: —

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRLL vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DRLL Strive U.S. Energy ETF	31.26%	7.74%	0.02%	-0.86%
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%

Correlation

The correlation between DRLL and OILT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	0.92

The correlation between DRLL and OILT has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

DRLL vs. OILT - Sectors Allocation Comparison

Sectors	DRLL	OILT
Energy	99.1%	94.2%
Consumer Cyclical	0.9%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	5.8%

Return for Risk

DRLL vs. OILT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRLL

DRLL Risk / Return Rank: 55
DRLL Sharpe Ratio Rank: 57
DRLL Sortino Ratio Rank: 52
DRLL Omega Ratio Rank: 50
DRLL Calmar Ratio Rank: 63
DRLL Martin Ratio Rank: 52

OILT

OILT Risk / Return Rank: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRLL vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) and Texas Capital Texas Oil Index ETF (OILT). 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.

	DRLL	OILT	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.70	+0.24
Sortino ratio: Return per unit of downside risk	2.49	2.25	+0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	3.11	3.44	-0.33
Martin ratio: Return relative to average drawdown	8.82	8.37	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRLL vs. OILT - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.94, which is comparable to the OILT Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of DRLL and OILT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRLL	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.70	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.42	+0.15

Drawdowns

DRLL vs. OILT - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for DRLL and OILT.

Drawdown Indicators

	DRLL	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-35.21%	+11.48%
Max Drawdown (1Y) Largest decline over 1 year	-13.93%	-13.79%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	—	—
Current Drawdown Current decline from peak	-8.10%	-8.67%	+0.57%
Average Drawdown Average peak-to-trough decline	-8.02%	-12.93%	+4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	5.66%	-0.76%

Volatility

DRLL vs. OILT - Volatility Comparison

The current volatility for Strive U.S. Energy ETF (DRLL) is 9.15%, while Texas Capital Texas Oil Index ETF (OILT) has a volatility of 9.94%. This indicates that DRLL experiences smaller price fluctuations and is considered to be less risky than OILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLL	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	9.94%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	18.04%	21.13%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	28.09%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.76%	28.72%	-4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.76%	28.72%	-4.96%

DRLL vs. OILT - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than OILT's 0.35% expense ratio.

Dividends

DRLL vs. OILT - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.33%, less than OILT's 2.43% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.33%	2.99%	3.00%	3.01%	1.18%
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRLL and OILT in my portfolio?

With a correlation of 0.94, DRLL and OILT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DRLL or OILT?

OILT has higher volatility (9.94%) compared to DRLL (9.15%). In terms of maximum drawdown, DRLL dropped -23.73% vs OILT's -35.21%.

Which ETF is better, DRLL or OILT?

On 1-year performance, OILT leads with 47.26% vs 43.09% for DRLL. On fees, OILT is cheaper at 0.35% per year. On volatility, DRLL has been the lower-risk option at 9.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRLL or OILT?

Over the 1-year period, OILT has performed better with a 47.26% return vs 43.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRLL or OILT?

OILT is cheaper with a 0.35% expense ratio, compared with 0.41% for DRLL.

Which ETF pays a higher dividend yield, DRLL or OILT?

OILT has the higher dividend yield at 2.43%, compared with 2.33% for DRLL.

What is the main difference between DRLL and OILT?

DRLL tracks Bloomberg US Energy Select Index, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. They also come from different issuers: Strive and Texas Capital. Their fees differ too: 0.41% for DRLL and 0.35% for OILT.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.94 vs 1.70), 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.