OILT vs. BESF

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and BESF (Bastion Energy ETF) are both Energy Equities funds. OILT is passively managed, while BESF is actively managed. Over the past year, OILT returned 29.05% vs 61.61% for BESF. A 0.58 correlation means they provide meaningful diversification when combined. OILT charges 0.35%/yr vs 0.80%/yr for BESF.

Performance

OILT vs. BESF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Bastion Energy ETF (BESF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 23.87% return, which is significantly higher than BESF's 16.12% return.

OILT

• 1D: 0.51%
• 1M: -9.15%
• YTD: 23.87%
• 6M: 25.26%
• 1Y: 29.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BESF

• 1D: 1.01%
• 1M: -6.28%
• YTD: 16.12%
• 6M: 15.17%
• 1Y: 61.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. BESF - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	23.87%	8.81%
BESF Bastion Energy ETF	16.12%	38.76%

Correlation

The correlation between OILT and BESF is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.58

The correlation between OILT and BESF has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.

Return for Risk

OILT vs. BESF — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 31
OILT Sharpe Ratio Rank: 31
OILT Sortino Ratio Rank: 30
OILT Omega Ratio Rank: 27
OILT Calmar Ratio Rank: 34
OILT Martin Ratio Rank: 33

BESF

BESF Risk / Return Rank: 84
BESF Sharpe Ratio Rank: 86
BESF Sortino Ratio Rank: 83
BESF Omega Ratio Rank: 77
BESF Calmar Ratio Rank: 92
BESF Martin Ratio Rank: 83

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. BESF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Bastion Energy ETF (BESF). 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	BESF	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.52	-1.47
Sortino ratio: Return per unit of downside risk	1.52	3.34	-1.82
Omega ratio: Gain probability vs. loss probability	1.18	1.41	-0.23
Calmar ratio: Return relative to maximum drawdown	1.59	5.64	-4.06
Martin ratio: Return relative to average drawdown	4.62	15.57	-10.95

OILT vs. BESF - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.04, which is lower than the BESF Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of OILT and BESF, 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. BESF - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than BESF's maximum drawdown of -10.97%. Use the drawdown chart below to compare losses from any high point for OILT and BESF.

Drawdown Indicators

	OILT	BESF	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-10.97%	-24.24%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-10.97%	-7.41%
Current Drawdown Current decline from peak	-16.41%	-8.73%	-7.68%
Average Drawdown Average peak-to-trough decline	-12.93%	-2.74%	-10.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	3.97%	+2.35%

Volatility

OILT vs. BESF - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.91% compared to Bastion Energy ETF (BESF) at 6.97%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than BESF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	BESF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	6.97%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	21.27%	14.93%	+6.34%
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	24.75%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	24.39%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	24.39%	+4.37%

OILT vs. BESF - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than BESF's 0.80% expense ratio.

Dividends

OILT vs. BESF - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, less than BESF's 5.86% yield.

Position	TTM	2025	2024
BESF Bastion Energy ETF	5.86%	6.39%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and BESF in my portfolio?

OILT and BESF have a correlation of 0.58, 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 BESF?

OILT has higher volatility (8.91%) compared to BESF (6.97%). In terms of maximum drawdown, OILT dropped -35.21% vs BESF's -10.97%.

Which ETF is better, OILT or BESF?

On 1-year performance, BESF leads with 61.61% vs 29.05% for OILT. On fees, OILT is cheaper at 0.35% per year. On volatility, BESF has been the lower-risk option at 6.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or BESF?

Over the 1-year period, BESF has performed better with a 61.61% return vs 29.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or BESF?

OILT is cheaper with a 0.35% expense ratio, compared with 0.80% for BESF.

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

BESF has the higher dividend yield at 5.86%, compared with 2.66% for OILT.

What is the main difference between OILT and BESF?

They also come from different issuers: Texas Capital and Bastion. Their fees differ too: 0.35% for OILT and 0.80% for BESF.

Which has better risk-adjusted returns?

BESF currently has the higher Sharpe Ratio (2.52 vs 1.04), 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.