HAP vs. OILT
Compare and contrast key facts about VanEck Natural Resources ETF (HAP) and Texas Capital Texas Oil Index ETF (OILT).
HAP and OILT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAP is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Natural Resources Index. It was launched on Aug 29, 2008. OILT is a passively managed fund by Texas Capital that tracks the performance of the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. It was launched on Dec 20, 2023. Both HAP and OILT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HAP vs. OILT - Performance Comparison
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HAP vs. OILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HAP VanEck Natural Resources ETF | 20.50% | 34.91% | -4.08% | 0.81% |
OILT Texas Capital Texas Oil Index ETF | 44.81% | -3.30% | 0.87% | -0.16% |
Returns By Period
In the year-to-date period, HAP achieves a 20.50% return, which is significantly lower than OILT's 44.81% return.
HAP
- 1D
- 2.33%
- 1M
- -2.27%
- YTD
- 20.50%
- 6M
- 29.86%
- 1Y
- 48.82%
- 3Y*
- 16.84%
- 5Y*
- 12.99%
- 10Y*
- 12.75%
OILT
- 1D
- -1.68%
- 1M
- 17.56%
- YTD
- 44.81%
- 6M
- 44.96%
- 1Y
- 38.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HAP vs. OILT - Expense Ratio Comparison
HAP has a 0.42% expense ratio, which is higher than OILT's 0.35% expense ratio.
Return for Risk
HAP vs. OILT — Risk / Return Rank
HAP
OILT
HAP vs. OILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Natural Resources ETF (HAP) 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.
| HAP | OILT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 1.12 | +1.47 |
Sortino ratioReturn per unit of downside risk | 3.21 | 1.58 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.64 | +1.95 |
Martin ratioReturn relative to average drawdown | 18.89 | 4.58 | +14.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAP | OILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.12 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.58 | -0.32 |
Correlation
The correlation between HAP and OILT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HAP vs. OILT - Dividend Comparison
HAP's dividend yield for the trailing twelve months is around 1.88%, less than OILT's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAP VanEck Natural Resources ETF | 1.88% | 2.27% | 2.65% | 3.27% | 3.28% | 2.16% | 2.45% | 2.80% | 2.85% | 2.02% | 1.99% | 3.00% |
OILT Texas Capital Texas Oil Index ETF | 2.27% | 3.12% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HAP vs. OILT - Drawdown Comparison
The maximum HAP drawdown since its inception was -50.73%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for HAP and OILT.
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Drawdown Indicators
| HAP | OILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.73% | -35.21% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -24.58% | +10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.28% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -13.25% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 8.83% | -6.23% |
Volatility
HAP vs. OILT - Volatility Comparison
VanEck Natural Resources ETF (HAP) and Texas Capital Texas Oil Index ETF (OILT) have volatilities of 6.40% and 6.20%, 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.
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Volatility by Period
| HAP | OILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 6.20% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 18.58% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 34.47% | -15.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 28.31% | -10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 28.31% | -8.50% |