SETM vs. OILT

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Energy Transition Materials ETF (SETM) and Texas Capital Texas Oil Index ETF (OILT).

SETM and OILT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SETM is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. It was launched on Feb 1, 2023. 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. Both SETM and OILT 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

SETM vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Energy Transition Materials ETF (SETM) and Texas Capital Texas Oil Index ETF (OILT). The values are adjusted to include any dividend payments, if applicable.

SETM vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SETM Sprott Energy Transition Materials ETF	14.27%	95.27%	-13.24%	1.44%
OILT Texas Capital Texas Oil Index ETF	44.81%	-3.30%	0.87%	-0.16%

Returns By Period

In the year-to-date period, SETM achieves a 14.27% return, which is significantly lower than OILT's 44.81% return.

SETM

• 1D: 5.82%
• 1M: -14.37%
• YTD: 14.27%
• 6M: 33.70%
• 1Y: 137.98%
• 3Y*: 26.40%
• 5Y*: —
• 10Y*: —

OILT

• 1D: -1.68%
• 1M: 17.56%
• YTD: 44.81%
• 6M: 44.96%
• 1Y: 38.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SETM vs. OILT - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than OILT's 0.35% expense ratio.

SETM

Sprott Energy Transition Materials ETF

OILT

Texas Capital Texas Oil Index ETF

Return for Risk

SETM vs. OILT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SETM

SETM Risk / Return Rank: 96
SETM Sharpe Ratio Rank: 98
SETM Sortino Ratio Rank: 96
SETM Omega Ratio Rank: 94
SETM Calmar Ratio Rank: 97
SETM Martin Ratio Rank: 96

OILT

OILT Risk / Return Rank: 59
OILT Sharpe Ratio Rank: 63
OILT Sortino Ratio Rank: 61
OILT Omega Ratio Rank: 59
OILT Calmar Ratio Rank: 64
OILT Martin Ratio Rank: 47

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.

SETM vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Energy Transition Materials ETF (SETM) and Texas Capital Texas Oil Index ETF (OILT). 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.

	SETM	OILT	Difference
Sharpe ratio Return per unit of total volatility	3.03	1.12	+1.91
Sortino ratio Return per unit of downside risk	3.18	1.58	+1.61
Omega ratio Gain probability vs. loss probability	1.44	1.22	+0.22
Calmar ratio Return relative to maximum drawdown	5.08	1.64	+3.44
Martin ratio Return relative to average drawdown	17.14	4.58	+12.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SETM vs. OILT - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 3.03, which is higher than the OILT Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SETM and OILT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SETM	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.03	1.12	+1.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.58	-0.06

Correlation

The correlation between SETM and OILT is 0.23, 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.

Dividends

SETM vs. OILT - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.37%, less than OILT's 2.27% yield.

	TTM	2025	2024	2023
SETM Sprott Energy Transition Materials ETF	1.37%	1.56%	2.07%	2.47%
OILT Texas Capital Texas Oil Index ETF	2.27%	3.12%	2.63%	0.00%

Drawdowns

SETM vs. OILT - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for SETM and OILT.

Drawdown Indicators

	SETM	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-35.21%	-7.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-24.58%	-1.27%
Current Drawdown Current decline from peak	-16.74%	-2.28%	-14.46%
Average Drawdown Average peak-to-trough decline	-14.59%	-13.25%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	8.83%	-1.16%

Volatility

SETM vs. OILT - Volatility Comparison

Sprott Energy Transition Materials ETF (SETM) has a higher volatility of 18.23% compared to Texas Capital Texas Oil Index ETF (OILT) at 6.20%. This indicates that SETM's price experiences larger fluctuations and is considered to be riskier than OILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SETM	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.23%	6.20%	+12.03%
Volatility (6M) Calculated over the trailing 6-month period	36.72%	18.58%	+18.14%
Volatility (1Y) Calculated over the trailing 1-year period	45.92%	34.47%	+11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.22%	28.31%	+7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.22%	28.31%	+7.91%