MSFT vs. OILT

Last updated Jun 5, 2026

MSFT (Microsoft Corporation) is a stock, while OILT (Texas Capital Texas Oil Index ETF) is Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Over the past year, MSFT returned -6.98% vs 49.01% for OILT. At a correlation of -0.01, they often move in opposite directions.

Performance

MSFT vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Microsoft Corporation (MSFT) 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, MSFT achieves a -11.10% return, which is significantly lower than OILT's 34.29% return.

MSFT

• 1D: 0.17%
• 1M: 4.28%
• YTD: -11.10%
• 6M: -10.58%
• 1Y: -6.98%
• 3Y*: 9.26%
• 5Y*: 12.20%
• 10Y*: 24.97%

OILT

• 1D: -0.77%
• 1M: -4.95%
• YTD: 34.29%
• 6M: 28.46%
• 1Y: 49.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFT vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFT Microsoft Corporation	-11.10%	15.58%	12.93%	0.67%
OILT Texas Capital Texas Oil Index ETF	34.29%	-3.30%	0.87%	-0.16%

Correlation

The correlation between MSFT and OILT is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	-0.01

The correlation between MSFT and OILT shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSFT vs. OILT — Risk / Return Rank

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

MSFT

MSFT Risk / Return Rank: 30
MSFT Sharpe Ratio Rank: 30
MSFT Sortino Ratio Rank: 26
MSFT Omega Ratio Rank: 26
MSFT Calmar Ratio Rank: 35
MSFT Martin Ratio Rank: 34

OILT

OILT Risk / Return Rank: 54
OILT Sharpe Ratio Rank: 53
OILT Sortino Ratio Rank: 48
OILT Omega Ratio Rank: 44
OILT Calmar Ratio Rank: 72
OILT Martin Ratio Rank: 52

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.

MSFT vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) 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.

	MSFT	OILT	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.77	-2.05
Sortino ratio: Return per unit of downside risk	-0.22	2.32	-2.54
Omega ratio: Gain probability vs. loss probability	0.97	1.28	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.21	3.57	-3.78
Martin ratio: Return relative to average drawdown	-0.44	8.64	-9.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFT vs. OILT - Sharpe Ratio Comparison

The current MSFT Sharpe Ratio is -0.28, which is lower than the OILT Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of MSFT 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

	MSFT	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	1.77	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.41	+0.34

Drawdowns

MSFT vs. OILT - Drawdown Comparison

The maximum MSFT drawdown since its inception was -69.38%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for MSFT and OILT.

Drawdown Indicators

	MSFT	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-35.21%	-34.17%
Max Drawdown (1Y) Largest decline over 1 year	-33.91%	-13.79%	-20.12%
Max Drawdown (3Y) Largest decline over 3 years	-33.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.15%	—	—
Current Drawdown Current decline from peak	-20.53%	-9.37%	-11.16%
Average Drawdown Average peak-to-trough decline	-21.78%	-12.92%	-8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	5.69%	+10.31%

Volatility

MSFT vs. OILT - Volatility Comparison

Microsoft Corporation (MSFT) and Texas Capital Texas Oil Index ETF (OILT) have volatilities of 9.93% and 9.95%, 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

	MSFT	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	9.95%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	22.32%	21.12%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	25.12%	27.96%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.61%	28.70%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.03%	28.70%	-1.67%

Dividends

MSFT vs. OILT - Dividend Comparison

MSFT's dividend yield for the trailing twelve months is around 0.83%, less than OILT's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.83%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
OILT Texas Capital Texas Oil Index ETF	2.45%	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 MSFT and OILT in my portfolio?

MSFT 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 is riskier, MSFT or OILT?

OILT has higher volatility (9.95%) compared to MSFT (9.93%). In terms of maximum drawdown, MSFT dropped -69.38% vs OILT's -35.21%.

Which has better risk-adjusted returns?

OILT currently has the higher Sharpe Ratio (1.77 vs -0.28), 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.