OILT vs. MSFT

Last updated Aug 2, 2026

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 41.13% vs -10.62% for MSFT. Their -0.01 correlation means they have often moved in opposite directions in the past.

Performance

OILT vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 34.17% return, which is significantly higher than MSFT's -3.48% return.

OILT

• 1D: 1.52%
• 1M: 12.96%
• 6M: 20.92%
• YTD: 34.17%
• 1Y: 41.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.92%

MSFT

• 1D: 3.02%
• 1M: 19.01%
• 6M: 8.48%
• YTD: -3.48%
• 1Y: -10.62%
• 3Y*: 12.25%
• 5Y*: 11.19%
• 10Y*: 24.97%
• ALL TIME*: 25.16%

*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)
MSFT Microsoft Corporation	$17.39B	$14.79B	$16.23B
OILT Texas Capital Texas Oil Index ETF	$81.32K	$66.65K	$96.97K

OILT vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	34.17%	-3.30%	0.87%	0.13%
MSFT Microsoft Corporation	-3.48%	15.58%	12.93%	1.46%

Correlation

The correlation between OILT and MSFT is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	-0.01

Return for Risk

OILT vs. MSFT — 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

MSFT

MSFT Risk / Return Rank: 28
MSFT Sharpe Ratio Rank: 27
MSFT Sortino Ratio Rank: 24
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 32
MSFT Martin Ratio Rank: 33

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. 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 ratio: Return per unit of total volatility	1.35	-0.39	+1.74
Sortino ratio: Return per unit of downside risk	1.86	-0.39	+2.25
Omega ratio: Gain probability vs. loss probability	1.23	0.95	+0.27
Calmar ratio: Return relative to maximum drawdown	1.83	-0.35	+2.18
Martin ratio: Return relative to average drawdown	4.74	-0.63	+5.38

OILT vs. MSFT - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.35, which is higher than the MSFT Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of OILT and MSFT, 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. 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.

Drawdown Indicators

	OILT	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-69.38%	+34.17%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	-34.50%	+13.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-9.45%	-13.73%	+4.28%
Average Drawdown Average peak-to-trough decline	-13.02%	-21.80%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.97%	19.35%	-11.38%

Volatility

OILT vs. MSFT - Volatility Comparison

The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 8.46%, while Microsoft Corporation (MSFT) has a volatility of 15.97%. 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.

Volatility by Period

	OILT	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	15.97%	-7.51%
Volatility (6M) Calculated over the trailing 6-month period	21.75%	26.41%	-4.66%
Volatility (1Y) Calculated over the trailing 1-year period	28.10%	31.93%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.73%	28.00%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.73%	27.62%	+1.11%

Dividends

OILT vs. MSFT - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.55%, more than MSFT's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.77%	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	2.55%	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 MSFT in my portfolio?

OILT and MSFT have a correlation of -0.09, 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 MSFT?

MSFT has higher volatility (15.97%) compared to OILT (8.46%). In terms of maximum drawdown, OILT dropped -35.21% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

OILT currently has the higher Sharpe Ratio (1.35 vs -0.39), 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.