OILT vs. MLPI

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while MLPI is a MLPs fund actively managed by NEOS. OILT is passively managed, while MLPI is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. OILT charges 0.35%/yr vs 0.68%/yr for MLPI.

Performance

OILT vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 MLPI's 19.61% return.

OILT

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

MLPI

• 1D: 1.09%
• 1M: -2.18%
• YTD: 19.61%
• 6M: 18.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	23.87%	-0.12%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	19.61%	0.36%

Correlation

The correlation between OILT and MLPI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.61

Return for Risk

OILT vs. MLPI — 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

MLPI

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. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	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. MLPI - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for OILT and MLPI.

Drawdown Indicators

	OILT	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-5.38%	-29.83%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	—	—
Current Drawdown Current decline from peak	-16.41%	-2.18%	-14.23%
Average Drawdown Average peak-to-trough decline	-12.93%	-1.49%	-11.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	—	—

Volatility

Volatility by Period

	OILT	MLPI	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%	13.05%	+15.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	13.05%	+15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	13.05%	+15.71%

OILT vs. MLPI - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

OILT vs. MLPI - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, less than MLPI's 7.19% yield.

Position	TTM	2025	2024
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.19%	0.00%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and MLPI in my portfolio?

OILT and MLPI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILT or MLPI?

On fees, OILT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILT or MLPI?

OILT is cheaper with a 0.35% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 7.19%, compared with 2.66% for OILT.

What is the main difference between OILT and MLPI?

OILT is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: Texas Capital and NEOS. Their fees differ too: 0.35% for OILT and 0.68% for MLPI.