OILT vs. XES
OILT (Texas Capital Texas Oil Index ETF) and XES (SPDR S&P Oil & Gas Equipment & Services ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index. Both are passively managed. Over the past year, OILT returned 39.44% vs 75.41% for XES. Their 0.75 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
OILT vs. XES - Performance Comparison
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Returns By Period
In the year-to-date period, OILT achieves a 32.57% return, which is significantly lower than XES's 35.44% return.
OILT
- 1D
- -1.19%
- 1M
- 11.62%
- 6M
- 22.18%
- YTD
- 32.57%
- 1Y
- 39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.38%
XES
- 1D
- -0.69%
- 1M
- 3.51%
- 6M
- 11.70%
- YTD
- 35.44%
- 1Y
- 75.41%
- 3Y*
- 7.01%
- 5Y*
- 18.61%
- 10Y*
- -3.46%
- ALL TIME*
- -3.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.88K | $70.55K | $86.53K | |
| $6.02M | $8.27M | $12.30M |
OILT vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 32.57% | -3.30% | 0.87% | 0.13% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 35.44% | 5.89% | -5.44% | 0.02% |
Correlation
The correlation between OILT and XES is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023 | 0.75 |
The correlation between OILT and XES shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
OILT vs. XES - Sectors Allocation Comparison
Sectors
OILT
XES
Energy
Utilities
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
-
Energy
OILT
XES
Utilities
OILT
XES
-
Basic Materials
OILT
-
XES
-
Communication Services
OILT
-
XES
-
Consumer Cyclical
OILT
-
XES
-
Consumer Defensive
OILT
-
XES
-
Financial Services
OILT
-
XES
-
Healthcare
OILT
-
XES
-
Industrials
OILT
-
XES
Real Estate
OILT
-
XES
-
Technology
OILT
-
XES
-
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Return for Risk
OILT vs. XES — Risk / Return Rank
OILT
XES
OILT vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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 | XES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.53 | -1.62 |
| Martin ratioReturn relative to average drawdown | 4.95 | 11.13 | -6.18 |
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Drawdowns
OILT vs. XES - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for OILT and XES.
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Drawdown Indicators
| OILT | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -95.65% | +60.44% |
Max Drawdown (1Y)Largest decline over 1 year | -20.72% | -21.48% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.23% | — |
Current DrawdownCurrent decline from peak | -10.53% | -73.84% | +63.31% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -54.50% | +41.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 6.80% | +1.19% |
Volatility
OILT vs. XES - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 8.63%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 9.26%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.63% | 9.26% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 21.78% | 21.61% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 30.41% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 38.63% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.72% | 44.86% | -16.14% |
OILT vs. XES - Expense Ratio Comparison
Both OILT and XES have an expense ratio of 0.35%.
Dividends
OILT vs. XES - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.58%, more than XES's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.58% | 3.12% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.18% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
OILT and XES have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XES has higher volatility (9.26%) compared to OILT (8.63%). In terms of maximum drawdown, OILT dropped -35.21% vs XES's -95.65%.
On 1-year performance, XES leads with 75.41% vs 39.44% for OILT. Both ETFs have the same 0.35% expense ratio. On volatility, OILT has been the lower-risk option at 8.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XES has performed better with a 75.41% return vs 39.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILT and XES have the same expense ratio: 0.35% per year.
OILT has the higher dividend yield at 2.58%, compared with 1.18% for XES.
OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while XES tracks S&P Oil & Gas Equipment & Services Select Industry Index. They also come from different issuers: Texas Capital and State Street.
XES currently has the higher Sharpe Ratio (2.50 vs 1.42), 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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