OILT vs. MSFT
OILT (Texas Capital Texas Oil Index ETF) is Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while MSFT (Microsoft Corporation) is a stock. Over the past year, OILT returned 29.05% vs -22.44% for MSFT. At a correlation of -0.00, they often move in opposite directions.
Performance
OILT vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, OILT achieves a 23.87% return, which is significantly higher than MSFT's -22.33% return.
OILT
- 1D
- 0.51%
- 1M
- -9.15%
- YTD
- 23.87%
- 6M
- 25.26%
- 1Y
- 29.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFT
- 1D
- 1.80%
- 1M
- -10.66%
- YTD
- -22.33%
- 6M
- -22.85%
- 1Y
- -22.44%
- 3Y*
- 4.54%
- 5Y*
- 7.88%
- 10Y*
- 23.85%
OILT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 23.87% | -3.30% | 0.87% | 0.13% |
MSFT Microsoft Corporation | -22.33% | 15.58% | 12.93% | 1.46% |
Correlation
The correlation between OILT and MSFT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023 | -0.00 |
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Return for Risk
OILT vs. MSFT — Risk / Return Rank
OILT
MSFT
OILT vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.66 | +2.25 |
| Martin ratioReturn relative to average drawdown | 4.62 | -1.32 | +5.94 |
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Drawdowns
OILT vs. MSFT - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for OILT and MSFT.
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Drawdown Indicators
| OILT | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -69.38% | +34.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -33.91% | +15.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -16.41% | -30.58% | +14.17% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -21.79% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | 17.08% | -10.76% |
Volatility
OILT vs. MSFT - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 8.91%, while Microsoft Corporation (MSFT) has a volatility of 11.34%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 11.34% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 22.94% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 26.02% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 26.79% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 27.09% | +1.67% |
Dividends
OILT vs. MSFT - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.66%, more than MSFT's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.95% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
OILT Texas Capital Texas Oil Index ETF | 2.66% | 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
OILT and MSFT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (11.34%) compared to OILT (8.91%). In terms of maximum drawdown, OILT dropped -35.21% vs MSFT's -69.38%.
OILT currently has the higher Sharpe Ratio (1.04 vs -0.87), 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.
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