OILT vs. HAP

Last updated Aug 4, 2026

OILT (Texas Capital Texas Oil Index ETF) and HAP (VanEck Natural Resources ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while HAP tracks the MarketVector Global Natural Resources Index. Both are passively managed. Over the past year, OILT returned 39.44% vs 38.48% for HAP. Their 0.52 correlation means they have sometimes moved together and sometimes differently. OILT charges 0.35%/yr vs 0.42%/yr for HAP.

Performance

OILT vs. HAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and VanEck Natural Resources ETF (HAP). 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 higher than HAP's 17.54% return.

OILT

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

HAP

• 1D: -0.50%
• 1M: 2.30%
• 6M: 5.27%
• YTD: 17.54%
• 1Y: 38.48%
• 3Y*: 15.28%
• 5Y*: 12.21%
• 10Y*: 11.28%
• ALL TIME*: 5.88%

*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)
HAP VanEck Natural Resources ETF	$2.74M	$3.44M	$2.56M
OILT Texas Capital Texas Oil Index ETF	$83.88K	$70.55K	$86.53K

OILT vs. HAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	32.57%	-3.30%	0.87%	0.13%
HAP VanEck Natural Resources ETF	17.54%	34.91%	-4.08%	1.93%

Correlation

The correlation between OILT and HAP is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.52

The correlation between OILT and HAP shifts across timeframes, from 0.36 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

OILT vs. HAP - Sectors Allocation Comparison

Sectors	OILT	HAP
Energy	93.7%	28.7%
Utilities	6.3%	9.8%
Basic Materials	-	38.2%
Communication Services	-	-
Consumer Cyclical	-	0.2%
Consumer Defensive	-	6.3%
Financial Services	-	-
Healthcare	-	3.8%
Industrials	-	11.6%
Real Estate	-	0.4%
Technology	-	1.0%

Return for Risk

OILT vs. HAP — 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

HAP

HAP Risk / Return Rank: 90
HAP Sharpe Ratio Rank: 92
HAP Sortino Ratio Rank: 89
HAP Omega Ratio Rank: 91
HAP Calmar Ratio Rank: 92
HAP Martin Ratio Rank: 84

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. HAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and VanEck Natural Resources ETF (HAP). 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	HAP	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.47	-1.05
Sortino ratio: Return per unit of downside risk	1.94	3.20	-1.26
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.91	4.25	-2.34
Martin ratio: Return relative to average drawdown	4.95	11.97	-7.02

OILT vs. HAP - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.42, which is lower than the HAP Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of OILT and HAP, 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. HAP - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum HAP drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for OILT and HAP.

Drawdown Indicators

	OILT	HAP	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-50.99%	+15.78%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	-9.09%	-11.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.07%	—
Current Drawdown Current decline from peak	-10.53%	-5.15%	-5.38%
Average Drawdown Average peak-to-trough decline	-13.01%	-12.03%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	3.22%	+4.77%

Volatility

OILT vs. HAP - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.63% compared to VanEck Natural Resources ETF (HAP) at 3.85%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than HAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	HAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.63%	3.85%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	21.78%	12.57%	+9.21%
Volatility (1Y) Calculated over the trailing 1-year period	28.02%	15.70%	+12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	18.21%	+10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	19.67%	+9.05%

OILT vs. HAP - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than HAP's 0.42% expense ratio.

Dividends

OILT vs. HAP - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.58%, more than HAP's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAP VanEck Natural Resources ETF	1.93%	2.27%	2.65%	3.27%	3.28%	2.16%	2.45%	2.80%	2.85%	2.02%	1.99%	3.00%
OILT Texas Capital Texas Oil Index ETF	2.58%	3.12%	2.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILT and HAP in my portfolio?

OILT and HAP have a correlation of 0.36, 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 HAP?

OILT has higher volatility (8.63%) compared to HAP (3.85%). In terms of maximum drawdown, OILT dropped -35.21% vs HAP's -50.99%.

Which ETF is better, OILT or HAP?

On 1-year performance, OILT leads with 39.44% vs 38.48% for HAP. On fees, OILT is cheaper at 0.35% per year. On volatility, HAP has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or HAP?

Over the 1-year period, OILT has performed better with a 39.44% return vs 38.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or HAP?

OILT is cheaper with a 0.35% expense ratio, compared with 0.42% for HAP.

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

OILT has the higher dividend yield at 2.58%, compared with 1.93% for HAP.

What is the main difference between OILT and HAP?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while HAP tracks MarketVector Global Natural Resources Index. They also come from different issuers: Texas Capital and VanEck. Their fees differ too: 0.35% for OILT and 0.42% for HAP.

Which has better risk-adjusted returns?

HAP currently has the higher Sharpe Ratio (2.47 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.