OILT vs. BSMY
OILT (Texas Capital Texas Oil Index ETF) and BSMY (Invesco BulletShares 2034 Municipal 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 BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. Both are passively managed. Over the past year, OILT returned 41.13% vs 5.03% for BSMY. Their -0.17 correlation means they have often moved in opposite directions in the past. OILT charges 0.35%/yr vs 0.18%/yr for BSMY.
Performance
OILT vs. BSMY - Performance Comparison
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Returns By Period
In the year-to-date period, OILT achieves a 34.17% return, which is significantly higher than BSMY's -0.26% return.
OILT
- 1D
- 1.52%
- 1M
- 12.96%
- 6M
- 20.92%
- YTD
- 34.17%
- 1Y
- 41.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.92%
BSMY
- 1D
- 0.05%
- 1M
- -2.43%
- 6M
- -1.21%
- YTD
- -0.26%
- 1Y
- 5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $663.03K | $584.99K | $510.89K | |
| $81.32K | $66.65K | $96.97K |
OILT vs. BSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 34.17% | -3.30% | 3.96% |
BSMY Invesco BulletShares 2034 Municipal Bond ETF | -0.26% | 3.82% | -1.86% |
Correlation
The correlation between OILT and BSMY is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | -0.17 |
The correlation between OILT and BSMY shifts across timeframes, from -0.32 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILT vs. BSMY — Risk / Return Rank
OILT
BSMY
OILT vs. BSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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 | BSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.78 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.74 | 5.61 | -0.86 |
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Drawdowns
OILT vs. BSMY - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for OILT and BSMY.
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Drawdown Indicators
| OILT | BSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -6.81% | -28.40% |
Max Drawdown (1Y)Largest decline over 1 year | -20.72% | -3.31% | -17.41% |
Current DrawdownCurrent decline from peak | -9.45% | -2.48% | -6.97% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -1.89% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 1.05% | +6.92% |
Volatility
OILT vs. BSMY - Volatility Comparison
Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.46% compared to Invesco BulletShares 2034 Municipal Bond ETF (BSMY) at 1.15%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than BSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | BSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 1.15% | +7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 2.86% | +18.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.10% | 3.60% | +24.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.73% | 5.13% | +23.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.73% | 5.13% | +23.60% |
OILT vs. BSMY - Expense Ratio Comparison
OILT has a 0.35% expense ratio, which is higher than BSMY's 0.18% expense ratio.
Dividends
OILT vs. BSMY - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.55%, less than BSMY's 3.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.62% | 3.31% | 0.79% |
OILT Texas Capital Texas Oil Index ETF | 2.55% | 3.12% | 2.63% |
Frequently Asked Questions
OILT and BSMY have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILT has higher volatility (8.46%) compared to BSMY (1.15%). In terms of maximum drawdown, OILT dropped -35.21% vs BSMY's -6.81%.
On 1-year performance, OILT leads with 41.13% vs 5.03% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILT has performed better with a 41.13% return vs 5.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMY is cheaper with a 0.18% expense ratio, compared with 0.35% for OILT.
BSMY has the higher dividend yield at 3.62%, compared with 2.55% for OILT.
OILT is categorized as Energy Equities, while BSMY is Municipal Bonds. OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index. They also come from different issuers: Texas Capital and Invesco. Their fees differ too: 0.35% for OILT and 0.18% for BSMY.
BSMY currently has the higher Sharpe Ratio (1.64 vs 1.35), 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.
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