JOYT vs. OILT

Last updated Aug 2, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and OILT (Texas Capital Texas Oil Index ETF) are both exchange-traded funds - JOYT is a Derivative Income fund actively managed by JPMorgan, while OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. JOYT is actively managed, while OILT is passively managed. Their -0.12 correlation means they have often moved in opposite directions in the past. Both charge a 0.35% expense ratio.

Performance

JOYT vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) 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, JOYT achieves a 7.40% return, which is significantly lower than OILT's 34.17% return.

JOYT

• 1D: 0.70%
• 1M: 2.31%
• 6M: 4.88%
• YTD: 7.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

OILT

• 1D: 1.52%
• 1M: 12.96%
• 6M: 20.92%
• YTD: 34.17%
• 1Y: 41.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JOYT JPMorgan Equity And Options Total Return ETF	$418.69K	$298.63K	$440.20K
OILT Texas Capital Texas Oil Index ETF	$81.32K	$66.65K	$96.97K

JOYT vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	7.40%	9.15%
OILT Texas Capital Texas Oil Index ETF	34.17%	3.94%

Correlation

The correlation between JOYT and OILT is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	-0.12

JOYT vs. OILT - Sectors Allocation Comparison

Sectors	JOYT	OILT
Technology	38.4%	-
Financial Services	11.9%	-
Communication Services	9.7%	-
Consumer Cyclical	9.2%	-
Healthcare	9.2%	-
Industrials	8.7%	-
Consumer Defensive	4.4%	-
Energy	3.2%	93.7%
Utilities	2.6%	6.3%
Real Estate	1.6%	-
Basic Materials	1.1%	-

Return for Risk

JOYT vs. OILT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JOYT

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

OILT

OILT Risk / Return Rank: 50
OILT Sharpe Ratio Rank: 55
OILT Sortino Ratio Rank: 52
OILT Omega Ratio Rank: 49
OILT Calmar Ratio Rank: 51
OILT Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JOYT vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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.

	JOYT	OILT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.86	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.83	—
Martin ratio: Return relative to average drawdown	—	4.74	—

Drawdowns

JOYT vs. OILT - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for JOYT and OILT.

Drawdown Indicators

	JOYT	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-35.21%	+28.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.72%	—
Current Drawdown Current decline from peak	0.00%	-9.45%	+9.45%
Average Drawdown Average peak-to-trough decline	-0.86%	-13.02%	+12.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.97%	—

Volatility

Volatility by Period

	JOYT	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	28.10%	-18.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.69%	28.73%	-19.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	28.73%	-19.04%

JOYT vs. OILT - Expense Ratio Comparison

Both JOYT and OILT have an expense ratio of 0.35%.

Dividends

JOYT vs. OILT - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.61%, less than OILT's 2.55% yield.

Position	TTM	2025	2024
JOYT JPMorgan Equity And Options Total Return ETF	0.61%	0.28%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.55%	3.12%	2.63%

Frequently Asked Questions

Can I hold both JOYT and OILT in my portfolio?

JOYT and OILT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOYT or OILT?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOYT or OILT?

JOYT and OILT have the same expense ratio: 0.35% per year.

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

OILT has the higher dividend yield at 2.55%, compared with 0.61% for JOYT.

What is the main difference between JOYT and OILT?

JOYT is categorized as Derivative Income, while OILT is Energy Equities. They also come from different issuers: JPMorgan and Texas Capital.