OILT vs. DVXE

Last updated Aug 4, 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. Over the past year, OILT returned 39.44% vs 57.20% for DVXE. Their correlation of 0.90 means they have usually moved in the same direction. 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 32.57% return, which is significantly lower than DVXE's 46.78% return.

OILT

• 1D: -1.19%
• 1M: 11.62%
• 6M: 22.18%
• YTD: 32.57%
• 1Y: 39.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.38%

DVXE

• 1D: -2.54%
• 1M: 12.73%
• 6M: 26.71%
• YTD: 46.78%
• 1Y: 57.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 51.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVXE WEBs Energy XLE Defined Volatility ETF	$11.25K	$12.70K	$16.35K
OILT Texas Capital Texas Oil Index ETF	$83.88K	$70.55K	$86.53K

OILT vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	32.57%	5.29%
DVXE WEBs Energy XLE Defined Volatility ETF	46.78%	4.49%

Correlation

The correlation between OILT and DVXE is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.90

The correlation between OILT and DVXE has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

OILT vs. DVXE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OILT

OILT Risk / Return Rank: 50
OILT Sharpe Ratio Rank: 55
OILT Sortino Ratio Rank: 52
OILT Omega Ratio Rank: 49
OILT Calmar Ratio Rank: 51
OILT Martin Ratio Rank: 43

DVXE

DVXE Risk / Return Rank: 64
DVXE Sharpe Ratio Rank: 74
DVXE Sortino Ratio Rank: 64
DVXE Omega Ratio Rank: 62
DVXE Calmar Ratio Rank: 69
DVXE Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	1.42	1.86	-0.45
Sortino ratio: Return per unit of downside risk	1.94	2.34	-0.40
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.91	2.63	-0.72
Martin ratio: Return relative to average drawdown	4.95	6.13	-1.18

OILT vs. DVXE - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.42, which is comparable to the DVXE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of OILT and DVXE, 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. DVXE - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than DVXE's maximum drawdown of -21.83%. 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%	-21.83%	-13.38%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	-21.83%	+1.11%
Current Drawdown Current decline from peak	-10.53%	-10.89%	+0.36%
Average Drawdown Average peak-to-trough decline	-13.01%	-7.26%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	9.35%	-1.36%

Volatility

OILT vs. DVXE - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) and WEBs Energy XLE Defined Volatility ETF (DVXE) have volatilities of 8.63% and 8.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.63%	8.92%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	21.78%	22.51%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	28.02%	30.90%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	30.84%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	30.84%	-2.12%

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 2.58%, 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	2.58%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and DVXE in my portfolio?

With a correlation of 0.90, OILT and DVXE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OILT or DVXE?

DVXE has higher volatility (8.92%) compared to OILT (8.63%). In terms of maximum drawdown, OILT dropped -35.21% vs DVXE's -21.83%.

Which ETF is better, OILT or DVXE?

On 1-year performance, DVXE leads with 57.20% vs 39.44% for OILT. On fees, OILT is cheaper at 0.35% per year. On volatility, OILT has been the lower-risk option at 8.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or DVXE?

Over the 1-year period, DVXE has performed better with a 57.20% return vs 39.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 2.58%, 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.

Which has better risk-adjusted returns?

DVXE currently has the higher Sharpe Ratio (1.86 vs 1.42), 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.