FCG vs. OILT

Last updated Jun 4, 2026

FCG (First Trust Natural Gas ETF) and OILT (Texas Capital Texas Oil Index ETF) are both Energy Equities funds - FCG tracks the ISE-Revere Natural Gas Index while OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Over the past year, FCG returned 32.99% vs 47.26% for OILT. Their correlation of 0.95 suggests significant overlap in exposure. FCG charges 0.60%/yr vs 0.35%/yr for OILT.

Performance

FCG vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Natural Gas ETF (FCG) 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, FCG achieves a 27.71% return, which is significantly lower than OILT's 35.33% return.

FCG

• 1D: 1.02%
• 1M: -6.03%
• YTD: 27.71%
• 6M: 20.12%
• 1Y: 32.99%
• 3Y*: 12.75%
• 5Y*: 16.52%
• 10Y*: 4.65%

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)

FCG vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FCG First Trust Natural Gas ETF	27.71%	-2.28%	4.16%	-0.70%
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%

Correlation

The correlation between FCG and OILT is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	0.95

The correlation between FCG and OILT has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

FCG vs. OILT - Sectors Allocation Comparison

Sectors	FCG	OILT
Energy	99.2%	94.2%
Technology	0.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	5.8%

Return for Risk

FCG vs. OILT — Risk / Return Rank

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

FCG

FCG Risk / Return Rank: 36
FCG Sharpe Ratio Rank: 34
FCG Sortino Ratio Rank: 31
FCG Omega Ratio Rank: 30
FCG Calmar Ratio Rank: 51
FCG Martin Ratio Rank: 36

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.

FCG vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) 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.

	FCG	OILT	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.70	-0.46
Sortino ratio: Return per unit of downside risk	1.69	2.25	-0.56
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	2.54	3.44	-0.91
Martin ratio: Return relative to average drawdown	5.56	8.37	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCG vs. OILT - Sharpe Ratio Comparison

The current FCG Sharpe Ratio is 1.24, which is comparable to the OILT Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of FCG 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

	FCG	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.70	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.42	-0.53

Drawdowns

FCG vs. OILT - Drawdown Comparison

The maximum FCG drawdown since its inception was -97.20%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for FCG and OILT.

Drawdown Indicators

	FCG	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-97.20%	-35.21%	-61.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-13.79%	+0.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-85.04%	—	—
Current Drawdown Current decline from peak	-74.25%	-8.67%	-65.58%
Average Drawdown Average peak-to-trough decline	-65.38%	-12.93%	-52.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	5.66%	+0.29%

Volatility

FCG vs. OILT - Volatility Comparison

First Trust Natural Gas ETF (FCG) and Texas Capital Texas Oil Index ETF (OILT) have volatilities of 9.60% and 9.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCG	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.60%	9.94%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	20.15%	21.13%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	26.75%	28.09%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.46%	28.72%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.30%	28.72%	+9.58%

FCG vs. OILT - Expense Ratio Comparison

FCG has a 0.60% expense ratio, which is higher than OILT's 0.35% expense ratio.

Dividends

FCG vs. OILT - Dividend Comparison

FCG's dividend yield for the trailing twelve months is around 2.15%, less than OILT's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCG First Trust Natural Gas ETF	2.15%	2.86%	2.76%	3.25%	3.04%	1.73%	3.82%	2.87%	1.46%	1.56%	1.70%	4.79%
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCG and OILT in my portfolio?

With a correlation of 0.96, FCG 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, FCG or OILT?

OILT has higher volatility (9.94%) compared to FCG (9.60%). In terms of maximum drawdown, FCG dropped -97.20% vs OILT's -35.21%.

Which ETF is better, FCG or OILT?

On 1-year performance, OILT leads with 47.26% vs 32.99% for FCG. On fees, OILT is cheaper at 0.35% per year. On volatility, FCG has been the lower-risk option at 9.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCG or OILT?

Over the 1-year period, OILT has performed better with a 47.26% return vs 32.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCG or OILT?

OILT is cheaper with a 0.35% expense ratio, compared with 0.60% for FCG.

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

OILT has the higher dividend yield at 2.43%, compared with 2.15% for FCG.

What is the main difference between FCG and OILT?

FCG tracks ISE-Revere Natural Gas Index, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. They also come from different issuers: First Trust and Texas Capital. Their fees differ too: 0.60% for FCG and 0.35% for OILT.

Which has better risk-adjusted returns?

OILT currently has the higher Sharpe Ratio (1.70 vs 1.24), 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.