OILT vs. SHEL

Last updated Jun 4, 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 SHEL (Shell plc) is a stock. Over the past year, OILT returned 47.26% vs 32.84% for SHEL. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

OILT vs. SHEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Shell plc (SHEL). 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 SHEL's 20.27% return.

OILT

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

SHEL

• 1D: -0.06%
• 1M: -1.91%
• YTD: 20.27%
• 6M: 17.64%
• 1Y: 32.84%
• 3Y*: 18.86%
• 5Y*: 22.88%
• 10Y*: 10.57%

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

OILT vs. SHEL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%
SHEL Shell plc	20.27%	22.16%	-0.87%	0.23%

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 22, 2023	0.72

The correlation between OILT and SHEL has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

Return for Risk

OILT vs. SHEL — 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

SHEL

SHEL Risk / Return Rank: 80
SHEL Sharpe Ratio Rank: 82
SHEL Sortino Ratio Rank: 76
SHEL Omega Ratio Rank: 75
SHEL Calmar Ratio Rank: 82
SHEL 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. 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.

	OILT	SHEL	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.57	+0.13
Sortino ratio: Return per unit of downside risk	2.25	2.12	+0.14
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	3.44	3.05	+0.39
Martin ratio: Return relative to average drawdown	8.37	8.75	-0.38
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. SHEL - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.70, which is comparable to the SHEL Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of OILT and SHEL, 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	SHEL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.57	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.22	+0.20

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.

Drawdown Indicators

	OILT	SHEL	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-71.57%	+36.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-10.81%	-2.98%
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 Drawdown Current decline from peak	-8.67%	-7.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-12.93%	-16.74%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.66%	3.76%	+1.90%

Volatility

OILT vs. SHEL - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 9.94% compared to Shell plc (SHEL) at 7.27%. 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.

Volatility by Period

	OILT	SHEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	7.27%	+2.67%
Volatility (6M) Calculated over the trailing 6-month period	21.13%	17.46%	+3.67%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	21.03%	+7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	25.20%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	30.86%	-2.14%

Dividends

OILT vs. SHEL - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.43%, less than SHEL's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OILT Texas Capital Texas Oil Index ETF	2.43%	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	3.41%	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

Can I hold both OILT and SHEL in my portfolio?

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.

Which is riskier, OILT or SHEL?

OILT has higher volatility (9.94%) compared to SHEL (7.27%). In terms of maximum drawdown, OILT dropped -35.21% vs SHEL's -71.57%.

Which has better risk-adjusted returns?

OILT currently has the higher Sharpe Ratio (1.70 vs 1.57), 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.