OILT vs. MSFT
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and Microsoft Corporation (MSFT).
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 MSFT.
Correlation
The correlation between OILT and MSFT is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OILT vs. MSFT - Performance Comparison
Key characteristics
OILT:
0.27
MSFT:
0.08
OILT:
0.51
MSFT:
0.25
OILT:
1.06
MSFT:
1.03
OILT:
0.28
MSFT:
0.12
OILT:
0.55
MSFT:
0.24
OILT:
10.54%
MSFT:
7.41%
OILT:
21.58%
MSFT:
21.27%
OILT:
-20.45%
MSFT:
-69.39%
OILT:
-15.29%
MSFT:
-12.03%
Returns By Period
In the year-to-date period, OILT achieves a 0.02% return, which is significantly higher than MSFT's -2.79% return.
OILT
0.02%
-3.96%
-3.67%
4.53%
N/A
N/A
MSFT
-2.79%
-3.49%
1.30%
-0.31%
18.48%
27.40%
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Risk-Adjusted Performance
OILT vs. MSFT — Risk-Adjusted Performance Rank
OILT
MSFT
OILT vs. MSFT - Risk-Adjusted Performance 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.
Dividends
OILT vs. MSFT - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.63%, more than MSFT's 0.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.63% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.75% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% | 2.48% |
Drawdowns
OILT vs. MSFT - Drawdown Comparison
The maximum OILT drawdown since its inception was -20.45%, smaller than the maximum MSFT drawdown of -69.39%. Use the drawdown chart below to compare losses from any high point for OILT and MSFT. For additional features, visit the drawdowns tool.
Volatility
OILT vs. MSFT - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 5.68%, while Microsoft Corporation (MSFT) has a volatility of 9.44%. 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.