OILT vs. BNDI

Last updated Jun 5, 2026

OILT (Texas Capital Texas Oil Index ETF) and BNDI (Neos Enhanced Income Aggregate Bond 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 BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. OILT is passively managed, while BNDI is actively managed. Over the past year, OILT returned 49.01% vs 6.66% for BNDI. At a correlation of -0.11, they often move in opposite directions. OILT charges 0.35%/yr vs 0.58%/yr for BNDI.

Performance

OILT vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 34.29% return, which is significantly higher than BNDI's 1.46% return.

OILT

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

BNDI

• 1D: 0.17%
• 1M: 0.31%
• YTD: 1.46%
• 6M: 1.61%
• 1Y: 6.66%
• 3Y*: 4.89%
• 5Y*: —
• 10Y*: —

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

OILT vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	34.29%	-3.30%	0.87%	-0.16%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.46%	7.95%	1.74%	0.24%

Correlation

The correlation between OILT and BNDI is -0.30, 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	-0.30
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	-0.11

The correlation between OILT and BNDI shifts across timeframes, from -0.30 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.

OILT vs. BNDI - Sectors Allocation Comparison

Sectors	OILT	BNDI
Energy	94.2%	3.5%
Utilities	5.8%	2.4%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%

Return for Risk

OILT vs. BNDI — Risk / Return Rank

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

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

BNDI

BNDI Risk / Return Rank: 49
BNDI Sharpe Ratio Rank: 47
BNDI Sortino Ratio Rank: 51
BNDI Omega Ratio Rank: 46
BNDI Calmar Ratio Rank: 50
BNDI 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.

OILT vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Neos Enhanced Income Aggregate Bond ETF (BNDI). 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	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.61	+0.15
Sortino ratio: Return per unit of downside risk	2.32	2.42	-0.10
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	3.57	2.43	+1.14
Martin ratio: Return relative to average drawdown	8.64	8.67	-0.03
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. BNDI - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.77, which is comparable to the BNDI Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of OILT and BNDI, 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	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.61	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.66	-0.25

Drawdowns

OILT vs. BNDI - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for OILT and BNDI.

Drawdown Indicators

	OILT	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-6.98%	-28.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-2.75%	-11.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.83%	—
Current Drawdown Current decline from peak	-9.37%	-0.67%	-8.70%
Average Drawdown Average peak-to-trough decline	-12.92%	-1.71%	-11.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	0.77%	+4.92%

Volatility

OILT vs. BNDI - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 9.95% compared to Neos Enhanced Income Aggregate Bond ETF (BNDI) at 1.37%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than BNDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	1.37%	+8.58%
Volatility (6M) Calculated over the trailing 6-month period	21.12%	3.08%	+18.04%
Volatility (1Y) Calculated over the trailing 1-year period	27.96%	4.17%	+23.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.70%	6.19%	+22.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.70%	6.19%	+22.51%

OILT vs. BNDI - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

OILT vs. BNDI - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.45%, less than BNDI's 5.79% yield.

Position	TTM	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	5.79%	5.69%	5.54%	5.17%	1.68%
OILT Texas Capital Texas Oil Index ETF	2.45%	3.12%	2.63%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILT and BNDI in my portfolio?

OILT and BNDI have a correlation of -0.30, 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 BNDI?

OILT has higher volatility (9.95%) compared to BNDI (1.37%). In terms of maximum drawdown, OILT dropped -35.21% vs BNDI's -6.98%.

Which ETF is better, OILT or BNDI?

On 1-year performance, OILT leads with 49.01% vs 6.66% for BNDI. On fees, OILT is cheaper at 0.35% per year. On volatility, BNDI has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or BNDI?

Over the 1-year period, OILT has performed better with a 49.01% return vs 6.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or BNDI?

OILT is cheaper with a 0.35% expense ratio, compared with 0.58% for BNDI.

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

BNDI has the higher dividend yield at 5.79%, compared with 2.45% for OILT.

What is the main difference between OILT and BNDI?

OILT is categorized as Energy Equities, while BNDI is Intermediate Core-Plus Bond. They also come from different issuers: Texas Capital and Neos. Their fees differ too: 0.35% for OILT and 0.58% for BNDI.

Which has better risk-adjusted returns?

OILT currently has the higher Sharpe Ratio (1.77 vs 1.61), 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.