OILT vs. GOLDX
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and Gabelli Gold Fund (GOLDX).
OILT is a passively managed fund by Texas Capital that tracks the performance of the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. It was launched on Dec 20, 2023. GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILT or GOLDX.
Correlation
The correlation between OILT and GOLDX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OILT vs. GOLDX - Performance Comparison
Key characteristics
OILT:
0.33
GOLDX:
2.34
OILT:
0.59
GOLDX:
2.96
OILT:
1.07
GOLDX:
1.38
OILT:
0.35
GOLDX:
1.01
OILT:
0.67
GOLDX:
8.18
OILT:
10.70%
GOLDX:
7.45%
OILT:
21.84%
GOLDX:
26.08%
OILT:
-20.45%
GOLDX:
-79.86%
OILT:
-13.55%
GOLDX:
-35.14%
Returns By Period
In the year-to-date period, OILT achieves a 2.08% return, which is significantly lower than GOLDX's 19.04% return.
OILT
2.08%
-6.50%
-3.66%
2.91%
N/A
N/A
GOLDX
19.04%
10.65%
10.22%
55.94%
8.15%
8.62%
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OILT vs. GOLDX - Expense Ratio Comparison
OILT has a 0.35% expense ratio, which is lower than GOLDX's 1.51% expense ratio.
Risk-Adjusted Performance
OILT vs. GOLDX — Risk-Adjusted Performance Rank
OILT
GOLDX
OILT vs. GOLDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Gabelli Gold Fund (GOLDX). 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.
Dividends
OILT vs. GOLDX - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.58%, more than GOLDX's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.58% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLDX Gabelli Gold Fund | 1.77% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% |
Drawdowns
OILT vs. GOLDX - Drawdown Comparison
The maximum OILT drawdown since its inception was -20.45%, smaller than the maximum GOLDX drawdown of -79.86%. Use the drawdown chart below to compare losses from any high point for OILT and GOLDX. For additional features, visit the drawdowns tool.
Volatility
OILT vs. GOLDX - Volatility Comparison
Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 6.87% compared to Gabelli Gold Fund (GOLDX) at 5.97%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than GOLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.