OILT vs. BKGI

Last updated Jun 4, 2026

OILT (Texas Capital Texas Oil Index ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Energy Equities funds. OILT is passively managed, while BKGI is actively managed. Over the past year, OILT returned 47.26% vs 21.78% for BKGI. At a 0.20 correlation, their price movements are largely independent. OILT charges 0.35%/yr vs 0.65%/yr for BKGI.

Performance

OILT vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 35.33% return, which is significantly higher than BKGI's 12.20% return.

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKGI

• 1D: -0.43%
• 1M: 0.13%
• YTD: 12.20%
• 6M: 12.27%
• 1Y: 21.78%
• 3Y*: 22.14%
• 5Y*: —
• 10Y*: —

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

OILT vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%
BKGI Bny Mellon Global Infrastructure Income ETF	12.20%	37.53%	12.35%	0.59%

Correlation

The correlation between OILT and BKGI is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	0.20

The correlation between OILT and BKGI shifts across timeframes, from 0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

OILT vs. BKGI - Sectors Allocation Comparison

Sectors	OILT	BKGI
Energy	94.2%	21.6%
Utilities	5.8%	49.3%
Basic Materials	-	-
Communication Services	-	3.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	14.0%
Real Estate	-	11.5%
Technology	-	-

Return for Risk

OILT vs. BKGI — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

BKGI

BKGI Risk / Return Rank: 59
BKGI Sharpe Ratio Rank: 54
BKGI Sortino Ratio Rank: 54
BKGI Omega Ratio Rank: 55
BKGI Calmar Ratio Rank: 70
BKGI Martin Ratio Rank: 64

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. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	OILT	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.89	-0.19
Sortino ratio: Return per unit of downside risk	2.25	2.63	-0.38
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	3.44	3.55	-0.11
Martin ratio: Return relative to average drawdown	8.37	11.67	-3.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILT vs. BKGI - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.70, which is comparable to the BKGI Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of OILT and BKGI, 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

	OILT	BKGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.89	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.61	-1.19

Drawdowns

OILT vs. BKGI - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for OILT and BKGI.

Drawdown Indicators

	OILT	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-14.79%	-20.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-6.16%	-7.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.16%	—
Current Drawdown Current decline from peak	-8.67%	-3.14%	-5.53%
Average Drawdown Average peak-to-trough decline	-12.93%	-2.57%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.66%	1.87%	+3.79%

Volatility

OILT vs. BKGI - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 9.94% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 4.17%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	4.17%	+5.77%
Volatility (6M) Calculated over the trailing 6-month period	21.13%	9.04%	+12.09%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	11.59%	+16.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	14.07%	+14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	14.07%	+14.65%

OILT vs. BKGI - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

OILT vs. BKGI - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.43%, less than BKGI's 2.69% yield.

Position	TTM	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	2.69%	2.65%	4.55%	4.55%	0.53%
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILT and BKGI in my portfolio?

OILT and BKGI have a correlation of 0.06, 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 BKGI?

OILT has higher volatility (9.94%) compared to BKGI (4.17%). In terms of maximum drawdown, OILT dropped -35.21% vs BKGI's -14.79%.

Which ETF is better, OILT or BKGI?

On 1-year performance, OILT leads with 47.26% vs 21.78% for BKGI. On fees, OILT is cheaper at 0.35% per year. On volatility, BKGI has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or BKGI?

Over the 1-year period, OILT has performed better with a 47.26% return vs 21.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or BKGI?

OILT is cheaper with a 0.35% expense ratio, compared with 0.65% for BKGI.

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

BKGI has the higher dividend yield at 2.69%, compared with 2.43% for OILT.

What is the main difference between OILT and BKGI?

They also come from different issuers: Texas Capital and BNY Mellon. Their fees differ too: 0.35% for OILT and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.89 vs 1.70), 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.