OILT vs. AVSF

Last updated Jun 23, 2026

OILT (Texas Capital Texas Oil Index ETF) and AVSF (Avantis Short-Term Fixed Income ETF) are both exchange-traded funds - OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while AVSF is a Short-Term Bond fund actively managed by Avantis. OILT is passively managed, while AVSF is actively managed. Over the past year, OILT returned 23.29% vs 3.65% for AVSF. At a correlation of -0.13, they often move in opposite directions. OILT charges 0.35%/yr vs 0.15%/yr for AVSF.

Performance

OILT vs. AVSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Avantis Short-Term Fixed Income ETF (AVSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 23.24% return, which is significantly higher than AVSF's 0.40% return.

OILT

• 1D: 1.90%
• 1M: -9.61%
• YTD: 23.24%
• 6M: 24.93%
• 1Y: 23.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVSF

• 1D: -0.12%
• 1M: 0.16%
• YTD: 0.40%
• 6M: 0.58%
• 1Y: 3.65%
• 3Y*: 4.81%
• 5Y*: 1.87%
• 10Y*: —

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

OILT vs. AVSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	23.24%	-3.30%	0.87%	0.13%
AVSF Avantis Short-Term Fixed Income ETF	0.40%	6.57%	3.81%	0.30%

Correlation

The correlation between OILT and AVSF is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	-0.13

The correlation between OILT and AVSF shifts across timeframes, from -0.31 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OILT vs. AVSF — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 25
OILT Sharpe Ratio Rank: 24
OILT Sortino Ratio Rank: 23
OILT Omega Ratio Rank: 22
OILT Calmar Ratio Rank: 27
OILT Martin Ratio Rank: 28

AVSF

AVSF Risk / Return Rank: 58
AVSF Sharpe Ratio Rank: 59
AVSF Sortino Ratio Rank: 64
AVSF Omega Ratio Rank: 60
AVSF Calmar Ratio Rank: 54
AVSF Martin Ratio Rank: 55

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.

OILT vs. AVSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Avantis Short-Term Fixed Income ETF (AVSF). 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.

	OILT	AVSF	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.91	-1.09
Sortino ratio: Return per unit of downside risk	1.26	2.86	-1.60
Omega ratio: Gain probability vs. loss probability	1.15	1.36	-0.21
Calmar ratio: Return relative to maximum drawdown	1.27	2.59	-1.32
Martin ratio: Return relative to average drawdown	3.75	9.43	-5.68

OILT vs. AVSF - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 0.83, which is lower than the AVSF Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of OILT and AVSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OILT vs. AVSF - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than AVSF's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for OILT and AVSF.

Drawdown Indicators

	OILT	AVSF	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-8.85%	-26.36%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-1.42%	-16.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.85%	—
Current Drawdown Current decline from peak	-16.83%	-0.58%	-16.25%
Average Drawdown Average peak-to-trough decline	-12.92%	-2.19%	-10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	0.39%	+5.95%

Volatility

OILT vs. AVSF - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.93% compared to Avantis Short-Term Fixed Income ETF (AVSF) at 0.67%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than AVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	AVSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	0.67%	+8.26%
Volatility (6M) Calculated over the trailing 6-month period	21.49%	1.44%	+20.05%
Volatility (1Y) Calculated over the trailing 1-year period	28.33%	1.92%	+26.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	2.66%	+26.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.79%	2.53%	+26.26%

OILT vs. AVSF - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is higher than AVSF's 0.15% expense ratio.

Dividends

OILT vs. AVSF - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.67%, less than AVSF's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVSF Avantis Short-Term Fixed Income ETF	4.37%	4.31%	4.34%	3.93%	1.78%	0.48%	0.10%
OILT Texas Capital Texas Oil Index ETF	2.67%	3.12%	2.63%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILT and AVSF in my portfolio?

OILT and AVSF have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILT or AVSF?

OILT has higher volatility (8.93%) compared to AVSF (0.67%). In terms of maximum drawdown, OILT dropped -35.21% vs AVSF's -8.85%.

Which ETF is better, OILT or AVSF?

On 1-year performance, OILT leads with 23.29% vs 3.65% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, AVSF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or AVSF?

Over the 1-year period, OILT has performed better with a 23.29% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or AVSF?

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

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

AVSF has the higher dividend yield at 4.37%, compared with 2.67% for OILT.

What is the main difference between OILT and AVSF?

OILT is categorized as Energy Equities, while AVSF is Short-Term Bond. They also come from different issuers: Texas Capital and Avantis. Their fees differ too: 0.35% for OILT and 0.15% for AVSF.

Which has better risk-adjusted returns?

AVSF currently has the higher Sharpe Ratio (1.91 vs 0.83), 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.