OILT vs. GXPE

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. OILT charges 0.35%/yr vs 0.15%/yr for GXPE.

Performance

OILT vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Global X PureCap MSCI Energy ETF (GXPE). 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 higher than GXPE's 22.46% return.

OILT

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

GXPE

• 1D: 0.98%
• 1M: -7.62%
• YTD: 22.46%
• 6M: 23.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	23.87%	5.29%
GXPE Global X PureCap MSCI Energy ETF	22.46%	4.62%

Correlation

The correlation between OILT and GXPE 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. GXPE — 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

GXPE

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. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Global X PureCap MSCI Energy ETF (GXPE). 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	GXPE	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. GXPE - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for OILT and GXPE.

Drawdown Indicators

	OILT	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-14.89%	-20.32%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	—	—
Current Drawdown Current decline from peak	-16.41%	-13.07%	-3.34%
Average Drawdown Average peak-to-trough decline	-12.93%	-3.62%	-9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	—	—

Volatility

Volatility by Period

	OILT	GXPE	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%	20.69%	+7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	20.69%	+8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	20.69%	+8.07%

OILT vs. GXPE - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

OILT vs. GXPE - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, more than GXPE's 0.98% yield.

Position	TTM	2025	2024
GXPE Global X PureCap MSCI Energy ETF	0.98%	1.20%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and GXPE in my portfolio?

With a correlation of 0.90, OILT and GXPE 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 ETF is better, OILT or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILT or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.35% for OILT.

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

OILT has the higher dividend yield at 2.66%, compared with 0.98% for GXPE.

What is the main difference between OILT and GXPE?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Texas Capital and Global X. Their fees differ too: 0.35% for OILT and 0.15% for GXPE.