OILT vs. MPC
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and Marathon Petroleum Corporation (MPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILT or MPC.
Correlation
The correlation between OILT and MPC is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OILT vs. MPC - Performance Comparison
Key characteristics
OILT:
0.33
MPC:
-0.21
OILT:
0.59
MPC:
-0.08
OILT:
1.07
MPC:
0.99
OILT:
0.35
MPC:
-0.16
OILT:
0.67
MPC:
-0.27
OILT:
10.70%
MPC:
23.11%
OILT:
21.84%
MPC:
30.26%
OILT:
-20.45%
MPC:
-79.67%
OILT:
-13.55%
MPC:
-27.68%
Returns By Period
In the year-to-date period, OILT achieves a 2.08% return, which is significantly lower than MPC's 11.87% return.
OILT
2.08%
-6.50%
-3.34%
2.91%
N/A
N/A
MPC
11.87%
2.20%
-12.39%
-6.34%
26.50%
14.99%
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Risk-Adjusted Performance
OILT vs. MPC — Risk-Adjusted Performance Rank
OILT
MPC
OILT vs. MPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Marathon Petroleum Corporation (MPC). 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. MPC - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.58%, more than MPC's 2.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MPC Marathon Petroleum Corporation | 2.17% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% | 2.04% |
Drawdowns
OILT vs. MPC - Drawdown Comparison
The maximum OILT drawdown since its inception was -20.45%, smaller than the maximum MPC drawdown of -79.67%. Use the drawdown chart below to compare losses from any high point for OILT and MPC. For additional features, visit the drawdowns tool.
Volatility
OILT vs. MPC - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 6.87%, while Marathon Petroleum Corporation (MPC) has a volatility of 11.79%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than MPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.