OILT vs. COPP

Last updated Jul 15, 2026

OILT (Texas Capital Texas Oil Index ETF) and COPP (Sprott Copper Miners 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 COPP is a Copper fund tracking the Nasdaq Sprott Copper Miners Index. Both are passively managed. Over the past year, OILT returned 29.87% vs 69.49% for COPP. At a 0.16 correlation, their price movements are largely independent. OILT charges 0.35%/yr vs 0.65%/yr for COPP.

Performance

OILT vs. COPP - Performance Comparison

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

Returns By Period

In the year-to-date period, OILT achieves a 26.02% return, which is significantly higher than COPP's 10.46% return.

OILT

• 1D: -0.19%
• 1M: -3.37%
• 6M: 23.34%
• YTD: 26.02%
• 1Y: 29.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPP

• 1D: 4.06%
• 1M: -9.19%
• 6M: 0.13%
• YTD: 10.46%
• 1Y: 69.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILT Texas Capital Texas Oil Index ETF	26.02%	-3.30%	-2.08%
COPP Sprott Copper Miners ETF	10.46%	74.02%	4.25%

Correlation

The correlation between OILT and COPP is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.16

The correlation between OILT and COPP shifts across timeframes, from -0.08 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

OILT vs. COPP - Sectors Allocation Comparison

Sectors	OILT	COPP
Energy	94.1%	0.1%
Utilities	5.9%	0.0%
Basic Materials	-	99.1%
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.1%
Financial Services	-	0.3%
Healthcare	-	0.1%
Industrials	-	0.1%
Real Estate	-	0.0%
Technology	-	0.1%

Return for Risk

OILT vs. COPP — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 35
OILT Sharpe Ratio Rank: 37
OILT Sortino Ratio Rank: 36
OILT Omega Ratio Rank: 33
OILT Calmar Ratio Rank: 35
OILT Martin Ratio Rank: 33

COPP

COPP Risk / Return Rank: 54
COPP Sharpe Ratio Rank: 56
COPP Sortino Ratio Rank: 50
COPP Omega Ratio Rank: 50
COPP Calmar Ratio Rank: 61
COPP Martin Ratio Rank: 53

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. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Sprott Copper Miners ETF (COPP). 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	COPP	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.54	-0.46
Sortino ratio: Return per unit of downside risk	1.56	2.01	-0.45
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.45	2.42	-0.97
Martin ratio: Return relative to average drawdown	3.96	7.31	-3.35

OILT vs. COPP - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.08, which is comparable to the COPP Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of OILT and COPP, 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. COPP - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum COPP drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for OILT and COPP.

Drawdown Indicators

	OILT	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-44.37%	+9.16%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	-28.91%	+8.19%
Current Drawdown Current decline from peak	-14.95%	-15.86%	+0.91%
Average Drawdown Average peak-to-trough decline	-13.04%	-13.99%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	9.54%	-1.96%

Volatility

OILT vs. COPP - Volatility Comparison

The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 8.20%, while Sprott Copper Miners ETF (COPP) has a volatility of 13.74%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than COPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	13.74%	-5.54%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	39.63%	-18.34%
Volatility (1Y) Calculated over the trailing 1-year period	27.93%	45.49%	-17.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.73%	41.66%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.73%	41.66%	-12.93%

OILT vs. COPP - Expense Ratio Comparison

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

Dividends

OILT vs. COPP - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.72%, more than COPP's 2.14% yield.

Position	TTM	2025	2024
COPP Sprott Copper Miners ETF	2.14%	2.37%	2.59%
OILT Texas Capital Texas Oil Index ETF	2.72%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and COPP in my portfolio?

OILT and COPP have a correlation of -0.08, 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 COPP?

COPP has higher volatility (13.74%) compared to OILT (8.20%). In terms of maximum drawdown, OILT dropped -35.21% vs COPP's -44.37%.

Which ETF is better, OILT or COPP?

On 1-year performance, COPP leads with 69.49% vs 29.87% for OILT. On fees, OILT is cheaper at 0.35% per year. On volatility, OILT has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or COPP?

Over the 1-year period, COPP has performed better with a 69.49% return vs 29.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or COPP?

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

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

OILT has the higher dividend yield at 2.72%, compared with 2.14% for COPP.

What is the main difference between OILT and COPP?

OILT is categorized as Energy Equities, while COPP is Copper. OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while COPP tracks Nasdaq Sprott Copper Miners Index. They also come from different issuers: Texas Capital and Sprott. Their fees differ too: 0.35% for OILT and 0.65% for COPP.

Which has better risk-adjusted returns?

COPP currently has the higher Sharpe Ratio (1.54 vs 1.08), 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.