OILT vs. XOP
Compare and contrast key facts about Texas Capital Texas Oil Index ETF (OILT) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
OILT and XOP 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both OILT and XOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OILT vs. XOP - Performance Comparison
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OILT vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 39.42% | -3.30% | 0.87% | -0.16% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 39.04% | -2.15% | -1.00% | -1.20% |
Returns By Period
The year-to-date returns for both stocks are quite close, with OILT having a 39.42% return and XOP slightly lower at 39.04%.
OILT
- 1D
- -3.72%
- 1M
- 9.81%
- YTD
- 39.42%
- 6M
- 38.43%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XOP
- 1D
- -3.84%
- 1M
- 10.02%
- YTD
- 39.04%
- 6M
- 31.49%
- 1Y
- 35.18%
- 3Y*
- 13.79%
- 5Y*
- 18.14%
- 10Y*
- 5.87%
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OILT vs. XOP - Expense Ratio Comparison
Both OILT and XOP have an expense ratio of 0.35%.
Return for Risk
OILT vs. XOP — Risk / Return Rank
OILT
XOP
OILT vs. XOP - 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 Exploration & Production ETF (XOP). 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 | XOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.05 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.48 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.51 | -0.15 |
Martin ratioReturn relative to average drawdown | 3.77 | 4.90 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OILT | XOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.05 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.07 | +0.45 |
Correlation
The correlation between OILT and XOP is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OILT vs. XOP - Dividend Comparison
OILT's dividend yield for the trailing twelve months is around 2.36%, more than XOP's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.36% | 3.12% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 1.86% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Drawdowns
OILT vs. XOP - Drawdown Comparison
The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for OILT and XOP.
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Drawdown Indicators
| OILT | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -90.27% | +55.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.58% | -23.81% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.61% | — |
Current DrawdownCurrent decline from peak | -5.91% | -35.01% | +29.10% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -42.64% | +29.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.84% | 7.33% | +1.51% |
Volatility
OILT vs. XOP - Volatility Comparison
The current volatility for Texas Capital Texas Oil Index ETF (OILT) is 7.45%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 8.36%. This indicates that OILT experiences smaller price fluctuations and is considered to be less risky than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILT | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 8.36% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 18.97% | 19.57% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.66% | 33.73% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.40% | 34.12% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 40.29% | -11.89% |