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 27.26% vs -21.70% 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 26.26% return, which is significantly higher than MSFT's -18.79% return.
OILT
- 1D
- 3.38%
- 1M
- -3.19%
- 6M
- 25.63%
- YTD
- 26.26%
- 1Y
- 27.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFT
- 1D
- 1.53%
- 1M
- 0.06%
- 6M
- -17.70%
- YTD
- -18.79%
- 1Y
- -21.70%
- 3Y*
- 5.05%
- 5Y*
- 7.60%
- 10Y*
- 23.47%
OILT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 26.26% | -3.30% | 0.87% | 0.13% |
MSFT Microsoft Corporation | -18.79% | 15.58% | 12.93% | 1.46% |
Correlation
The correlation between OILT and MSFT is -0.07, 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 | -0.07 |
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 | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.87 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.63 | +1.95 |
| Martin ratioReturn relative to average drawdown | 3.63 | -1.18 | +4.82 |
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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 | -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 DrawdownCurrent decline from peak | -14.79% | -27.41% | +12.62% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -21.80% | +8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 18.36% | -10.81% |
Volatility
OILT vs. MSFT - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 8.51%, while Microsoft Corporation (MSFT) has a volatility of 10.62%. 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 | 8.51% | 10.62% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.29% | 24.24% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.98% | 27.18% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 27.01% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.75% | 27.17% | +1.58% |
Dividends
OILT vs. MSFT - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.71%, more than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.91% | 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 | 2.71% | 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 -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.62%) compared to OILT (8.51%). In terms of maximum drawdown, OILT dropped -35.21% vs MSFT's -69.38%.
OILT currently has the higher Sharpe Ratio (0.98 vs -0.80), 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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