OILT vs. SHEL
OILT (Texas Capital Texas Oil Index ETF) is Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while SHEL (Shell plc) is a stock. Over the past year, OILT returned 29.05% vs 16.55% for SHEL. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
OILT vs. SHEL - 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 SHEL's 10.21% return.
OILT
- 1D
- 0.51%
- 1M
- -9.15%
- YTD
- 23.87%
- 6M
- 25.26%
- 1Y
- 29.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHEL
- 1D
- -0.19%
- 1M
- -7.23%
- YTD
- 10.21%
- 6M
- 10.83%
- 1Y
- 16.55%
- 3Y*
- 14.58%
- 5Y*
- 19.23%
- 10Y*
- 9.09%
OILT vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 23.87% | -3.30% | 0.87% | 0.13% |
SHEL Shell plc | 10.21% | 22.16% | -0.87% | 1.14% |
Correlation
The correlation between OILT and SHEL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023 | 0.73 |
The correlation between OILT and SHEL has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
OILT vs. SHEL — Risk / Return Rank
OILT
SHEL
OILT vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Shell plc (SHEL). 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 | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.07 | +0.52 |
| Martin ratioReturn relative to average drawdown | 4.62 | 3.70 | +0.92 |
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Drawdowns
OILT vs. SHEL - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum SHEL drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for OILT and SHEL.
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Drawdown Indicators
| OILT | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -71.57% | +36.36% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -15.53% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.57% | — |
Current DrawdownCurrent decline from peak | -16.41% | -14.78% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -16.73% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | 4.49% | +1.83% |
Volatility
OILT vs. SHEL - Volatility Comparison
Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.91% compared to Shell plc (SHEL) at 6.14%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 6.14% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 17.89% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 21.39% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 25.09% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 30.69% | -1.93% |
Dividends
OILT vs. SHEL - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.66%, less than SHEL's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHEL Shell plc | 3.72% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Frequently Asked Questions
OILT and SHEL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILT has higher volatility (8.91%) compared to SHEL (6.14%). In terms of maximum drawdown, OILT dropped -35.21% vs SHEL's -71.57%.
OILT currently has the higher Sharpe Ratio (1.04 vs 0.78), 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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