GXPE vs. OILT

Last updated Jun 25, 2026

GXPE (Global X PureCap MSCI Energy ETF) and OILT (Texas Capital Texas Oil Index ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. GXPE charges 0.15%/yr vs 0.35%/yr for OILT.

Performance

GXPE vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) 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, GXPE achieves a 20.25% return, which is significantly lower than OILT's 21.31% return.

GXPE

• 1D: -1.80%
• 1M: -9.28%
• YTD: 20.25%
• 6M: 21.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: -2.06%
• 1M: -11.03%
• YTD: 21.31%
• 6M: 22.95%
• 1Y: 29.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXPE vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	20.25%	4.62%
OILT Texas Capital Texas Oil Index ETF	21.31%	5.29%

Correlation

The correlation between GXPE and OILT is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.90

Return for Risk

GXPE vs. OILT — Risk / Return Rank

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

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OILT

OILT Risk / Return Rank: 32
OILT Sharpe Ratio Rank: 32
OILT Sortino Ratio Rank: 31
OILT Omega Ratio Rank: 28
OILT Calmar Ratio Rank: 35
OILT Martin Ratio Rank: 34

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.

GXPE vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GXPE	OILT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.59	—
Martin ratio: Return relative to average drawdown	—	4.55	—

Drawdowns

GXPE vs. OILT - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for GXPE and OILT.

Drawdown Indicators

	GXPE	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-14.89%	-35.21%	+20.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.38%	—
Current Drawdown Current decline from peak	-14.64%	-18.13%	+3.49%
Average Drawdown Average peak-to-trough decline	-3.66%	-12.93%	+9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.41%	—

Volatility

Volatility by Period

	GXPE	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	28.06%	-7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	28.77%	-8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	28.77%	-8.03%

GXPE vs. OILT - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than OILT's 0.35% expense ratio.

Dividends

GXPE vs. OILT - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 1.00%, less than OILT's 2.71% yield.

Position	TTM	2025	2024
GXPE Global X PureCap MSCI Energy ETF	1.00%	1.20%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.71%	3.12%	2.63%

Frequently Asked Questions

Can I hold both GXPE and OILT in my portfolio?

With a correlation of 0.90, GXPE 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 ETF is better, GXPE or OILT?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPE or OILT?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.35% for OILT.

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

OILT has the higher dividend yield at 2.71%, compared with 1.00% for GXPE.

What is the main difference between GXPE and OILT?

GXPE tracks MSCI USA Energy PureCap Index, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. They also come from different issuers: Global X and Texas Capital. Their fees differ too: 0.15% for GXPE and 0.35% for OILT.