OILT vs. AAL
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and American Airlines Group Inc. (AAL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILT or AAL.
Correlation
The correlation between OILT and AAL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OILT vs. AAL - Performance Comparison
Key characteristics
OILT:
0.30
AAL:
0.20
OILT:
0.54
AAL:
0.60
OILT:
1.07
AAL:
1.08
OILT:
0.31
AAL:
0.10
OILT:
0.60
AAL:
0.40
OILT:
10.77%
AAL:
20.59%
OILT:
21.62%
AAL:
41.95%
OILT:
-20.45%
AAL:
-97.20%
OILT:
-10.59%
AAL:
-73.28%
Returns By Period
In the year-to-date period, OILT achieves a 5.58% return, which is significantly higher than AAL's -9.01% return.
OILT
5.58%
-1.82%
1.83%
5.23%
N/A
N/A
AAL
-9.01%
-14.91%
56.41%
7.23%
-10.66%
-10.64%
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Risk-Adjusted Performance
OILT vs. AAL — Risk-Adjusted Performance Rank
OILT
AAL
OILT vs. AAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and American Airlines Group Inc. (AAL). 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.
Dividends
OILT vs. AAL - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.49%, while AAL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.49% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAL American Airlines Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 1.39% | 1.25% | 0.77% | 0.86% | 0.94% | 0.37% |
Drawdowns
OILT vs. AAL - Drawdown Comparison
The maximum OILT drawdown since its inception was -20.45%, smaller than the maximum AAL drawdown of -97.20%. Use the drawdown chart below to compare losses from any high point for OILT and AAL. For additional features, visit the drawdowns tool.
Volatility
OILT vs. AAL - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 7.22%, while American Airlines Group Inc. (AAL) has a volatility of 10.83%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than AAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.