OILT vs. SETM

Last updated Jun 4, 2026

OILT (Texas Capital Texas Oil Index ETF) and SETM (Sprott Energy Transition Materials ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while SETM tracks the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Both are passively managed. Over the past year, OILT returned 47.26% vs 144.21% for SETM. At a 0.17 correlation, their price movements are largely independent. OILT charges 0.35%/yr vs 0.65%/yr for SETM.

Performance

OILT vs. SETM - Performance Comparison

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

Returns By Period

In the year-to-date period, OILT achieves a 35.33% return, which is significantly higher than SETM's 27.22% return.

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OILT vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%
SETM Sprott Energy Transition Materials ETF	27.22%	95.27%	-13.24%	1.44%

Correlation

The correlation between OILT and SETM 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 22, 2023	0.17

The correlation between OILT and SETM shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

OILT vs. SETM - Sectors Allocation Comparison

Sectors	OILT	SETM
Energy	94.2%	25.8%
Utilities	5.8%	-
Basic Materials	-	73.2%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	0.1%
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.9%
Real Estate	-	-
Technology	-	0.1%

Return for Risk

OILT vs. SETM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILT

OILT Risk / Return Rank: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OILT vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Sprott Energy Transition Materials ETF (SETM). 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.

	OILT	SETM	Difference
Sharpe ratio: Return per unit of total volatility	1.70	3.25	-1.55
Sortino ratio: Return per unit of downside risk	2.25	3.29	-1.04
Omega ratio: Gain probability vs. loss probability	1.27	1.44	-0.17
Calmar ratio: Return relative to maximum drawdown	3.44	5.61	-2.17
Martin ratio: Return relative to average drawdown	8.37	17.42	-9.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILT vs. SETM - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.70, which is lower than the SETM Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of OILT and SETM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OILT	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	3.25	-1.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.59	-0.17

Drawdowns

OILT vs. SETM - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for OILT and SETM.

Drawdown Indicators

	OILT	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-42.81%	+7.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-25.85%	+12.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.81%	—
Current Drawdown Current decline from peak	-8.67%	-7.30%	-1.37%
Average Drawdown Average peak-to-trough decline	-12.93%	-14.26%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.66%	8.31%	-2.65%

Volatility

OILT vs. SETM - Volatility Comparison

The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 9.94%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 13.58%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	13.58%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	21.13%	34.49%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	44.71%	-16.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	36.57%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	36.57%	-7.85%

OILT vs. SETM - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than SETM's 0.65% expense ratio.

Dividends

OILT vs. SETM - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.43%, more than SETM's 1.23% yield.

Position	TTM	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%	0.00%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both OILT and SETM in my portfolio?

OILT and SETM 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.

Which is riskier, OILT or SETM?

SETM has higher volatility (13.58%) compared to OILT (9.94%). In terms of maximum drawdown, OILT dropped -35.21% vs SETM's -42.81%.

Which ETF is better, OILT or SETM?

On 1-year performance, SETM leads with 144.21% vs 47.26% for OILT. On fees, OILT is cheaper at 0.35% per year. On volatility, OILT has been the lower-risk option at 9.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or SETM?

Over the 1-year period, SETM has performed better with a 144.21% return vs 47.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or SETM?

OILT is cheaper with a 0.35% expense ratio, compared with 0.65% for SETM.

Which ETF pays a higher dividend yield, OILT or SETM?

OILT has the higher dividend yield at 2.43%, compared with 1.23% for SETM.

What is the main difference between OILT and SETM?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. They also come from different issuers: Texas Capital and Sprott. Their fees differ too: 0.35% for OILT and 0.65% for SETM.

Which has better risk-adjusted returns?

SETM currently has the higher Sharpe Ratio (3.25 vs 1.70), 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.