OILT vs. IEO
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
OILT and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both OILT and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OILT vs. IEO - Performance Comparison
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OILT vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 44.81% | -3.30% | 0.87% | -0.16% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 35.85% | 2.15% | -1.45% | -1.07% |
Returns By Period
In the year-to-date period, OILT achieves a 44.81% return, which is significantly higher than IEO's 35.85% return.
OILT
- 1D
- -1.68%
- 1M
- 17.56%
- YTD
- 44.81%
- 6M
- 44.96%
- 1Y
- 38.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO
- 1D
- -3.37%
- 1M
- 7.98%
- YTD
- 35.85%
- 6M
- 30.59%
- 1Y
- 29.93%
- 3Y*
- 14.93%
- 5Y*
- 22.54%
- 10Y*
- 11.67%
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OILT vs. IEO - Expense Ratio Comparison
OILT has a 0.35% expense ratio, which is lower than IEO's 0.42% expense ratio.
Return for Risk
OILT vs. IEO — Risk / Return Rank
OILT
IEO
OILT vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
| OILT | IEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.98 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.39 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.40 | +0.24 |
Martin ratioReturn relative to average drawdown | 4.58 | 4.35 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OILT | IEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.98 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.17 | +0.41 |
Correlation
The correlation between OILT and IEO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OILT vs. IEO - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.27%, more than IEO's 1.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.27% | 3.12% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.95% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
Drawdowns
OILT vs. IEO - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for OILT and IEO.
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Drawdown Indicators
| OILT | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -79.17% | +43.96% |
Max Drawdown (1Y)Largest decline over 1 year | -24.58% | -21.95% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.00% | — |
Current DrawdownCurrent decline from peak | -2.28% | -6.43% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -26.42% | +13.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.83% | 7.07% | +1.76% |
Volatility
OILT vs. IEO - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 6.20%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 7.35%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 7.35% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 17.66% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.47% | 30.67% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.31% | 30.64% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 34.94% | -6.63% |