OILT vs. TEXU

Last updated Aug 4, 2026

OILT (Texas Capital Texas Oil Index ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their correlation of 0.85 means they have usually moved in the same direction. OILT charges 0.35%/yr vs 0.98%/yr for TEXU.

Performance

OILT vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 32.57% return, which is significantly lower than TEXU's 57.63% return.

OILT

• 1D: -1.19%
• 1M: 11.62%
• 6M: 22.18%
• YTD: 32.57%
• 1Y: 39.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.38%

TEXU

• 1D: -2.42%
• 1M: 18.00%
• 6M: 30.06%
• YTD: 57.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OILT Texas Capital Texas Oil Index ETF	$83.88K	$70.55K	$86.53K
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$73.06K	$89.46K	$93.15K

OILT vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	32.57%	0.10%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	57.63%	-1.42%

Correlation

The correlation between OILT and TEXU is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.85

Return for Risk

OILT vs. TEXU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OILT

OILT Risk / Return Rank: 50
OILT Sharpe Ratio Rank: 55
OILT Sortino Ratio Rank: 52
OILT Omega Ratio Rank: 49
OILT Calmar Ratio Rank: 51
OILT Martin Ratio Rank: 43

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OILT vs. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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	TEXU	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.91	—	—
Martin ratio: Return relative to average drawdown	4.95	—	—

Drawdowns

OILT vs. TEXU - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than TEXU's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for OILT and TEXU.

Drawdown Indicators

	OILT	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-31.71%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-20.72%	—	—
Current Drawdown Current decline from peak	-10.53%	-17.99%	+7.46%
Average Drawdown Average peak-to-trough decline	-13.01%	-8.71%	-4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	—	—

Volatility

Volatility by Period

	OILT	TEXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.02%	40.88%	-12.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	40.88%	-12.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	40.88%	-12.16%

OILT vs. TEXU - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

OILT vs. TEXU - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.58%, more than TEXU's 1.40% yield.

Position	TTM	2025	2024
OILT Texas Capital Texas Oil Index ETF	2.58%	3.12%	2.63%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.40%	0.67%	0.00%

Frequently Asked Questions

Can I hold both OILT and TEXU in my portfolio?

OILT and TEXU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILT or TEXU?

On fees, OILT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILT or TEXU?

OILT is cheaper with a 0.35% expense ratio, compared with 0.98% for TEXU.

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

OILT has the higher dividend yield at 2.58%, compared with 1.40% for TEXU.

What is the main difference between OILT and TEXU?

OILT is categorized as Energy Equities, while TEXU is Leveraged Equities. OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: Texas Capital and Direxion. Their fees differ too: 0.35% for OILT and 0.98% for TEXU.