Correlation
The correlation between OILT and SPY is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OILT vs. SPY
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and SPDR S&P 500 ETF (SPY).
OILT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both OILT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILT or SPY.
Performance
OILT vs. SPY - Performance Comparison
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Key characteristics
OILT:
-0.70
SPY:
0.70
OILT:
-0.83
SPY:
1.02
OILT:
0.89
SPY:
1.15
OILT:
-0.66
SPY:
0.68
OILT:
-1.79
SPY:
2.57
OILT:
12.93%
SPY:
4.93%
OILT:
32.60%
SPY:
20.42%
OILT:
-35.21%
SPY:
-55.19%
OILT:
-28.16%
SPY:
-3.55%
Returns By Period
In the year-to-date period, OILT achieves a -15.17% return, which is significantly lower than SPY's 0.87% return.
OILT
-15.17%
0.00%
-20.54%
-24.32%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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OILT vs. SPY - Expense Ratio Comparison
OILT has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OILT vs. SPY — Risk-Adjusted Performance Rank
OILT
SPY
OILT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
OILT vs. SPY - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.98%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.98% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OILT vs. SPY - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OILT and SPY.
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Volatility
OILT vs. SPY - Volatility Comparison
Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 8.65% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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