OILT vs. DVXE

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. OILT charges 0.35%/yr vs 0.89%/yr for DVXE.

Performance

OILT vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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 lower than DVXE's 34.11% return.

OILT

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

DVXE

• 1D: 0.96%
• 1M: -8.86%
• YTD: 34.11%
• 6M: 35.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	23.87%	5.29%
DVXE WEBs Energy XLE Defined Volatility ETF	34.11%	4.49%

Correlation

The correlation between OILT and DVXE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.90

Return for Risk

OILT vs. DVXE — 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

DVXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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	DVXE	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.59	—	—
Martin ratio: Return relative to average drawdown	4.62	—	—

Drawdowns

OILT vs. DVXE - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than DVXE's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for OILT and DVXE.

Drawdown Indicators

	OILT	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-20.56%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	—	—
Current Drawdown Current decline from peak	-16.41%	-18.58%	+2.17%
Average Drawdown Average peak-to-trough decline	-12.93%	-6.35%	-6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	—	—

Volatility

Volatility by Period

	OILT	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	31.12%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	31.12%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	31.12%	-2.36%

OILT vs. DVXE - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

OILT vs. DVXE - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025	2024
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and DVXE in my portfolio?

OILT and DVXE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILT or DVXE?

On fees, OILT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILT or DVXE?

OILT is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXE.

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

OILT has the higher dividend yield at 2.66%, compared with 0.00% for DVXE.

What is the main difference between OILT and DVXE?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Texas Capital and WEBs. Their fees differ too: 0.35% for OILT and 0.89% for DVXE.