TXS vs. OILT

Last updated Aug 4, 2026

TXS (Texas Capital Texas Equity Index ETF) and OILT (Texas Capital Texas Oil Index ETF) are both exchange-traded funds - TXS is a Mid Cap Blend Equities fund tracking the Texas Capital Texas Equity Index - Benchmark TR Gross, while OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Over the past year, TXS returned 21.67% vs 39.44% for OILT. Their 0.38 correlation means their historical movements had little consistent relationship. TXS charges 0.49%/yr vs 0.35%/yr for OILT.

Performance

TXS vs. OILT - Performance Comparison

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

Returns By Period

In the year-to-date period, TXS achieves a 17.07% return, which is significantly lower than OILT's 32.57% return.

TXS

• 1D: 0.71%
• 1M: 3.19%
• 6M: 11.43%
• YTD: 17.07%
• 1Y: 21.67%
• 3Y*: 19.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.90%

OILT

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

*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
TXS Texas Capital Texas Equity Index ETF	$149.70K	$174.94K	$126.67K

TXS vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TXS Texas Capital Texas Equity Index ETF	17.07%	10.31%	24.29%	1.45%
OILT Texas Capital Texas Oil Index ETF	32.57%	-3.30%	0.87%	0.13%

Correlation

The correlation between TXS and OILT is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.38

The correlation between TXS and OILT shifts across timeframes, from 0.22 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

TXS vs. OILT - Sectors Allocation Comparison

Sectors	TXS	OILT
Energy	18.1%	93.7%
Consumer Cyclical	17.6%	-
Industrials	14.1%	-
Real Estate	12.2%	-
Technology	12.1%	-
Healthcare	11.7%	-
Financial Services	7.5%	-
Consumer Defensive	2.3%	-
Communication Services	2.1%	-
Utilities	2.0%	6.3%
Basic Materials	0.3%	-

Return for Risk

TXS vs. OILT — Risk / Return Rank

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

TXS

TXS Risk / Return Rank: 79
TXS Sharpe Ratio Rank: 77
TXS Sortino Ratio Rank: 78
TXS Omega Ratio Rank: 75
TXS Calmar Ratio Rank: 83
TXS Martin Ratio Rank: 80

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

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.

TXS vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Equity Index ETF (TXS) 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.

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.

	TXS	OILT	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.42	+0.48
Sortino ratio: Return per unit of downside risk	2.70	1.94	+0.76
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	3.33	1.91	+1.41
Martin ratio: Return relative to average drawdown	11.42	4.95	+6.47

TXS vs. OILT - Sharpe Ratio Comparison

The current TXS Sharpe Ratio is 1.90, which is higher than the OILT Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of TXS and OILT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXS vs. OILT - Drawdown Comparison

The maximum TXS drawdown since its inception was -19.69%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for TXS and OILT.

Drawdown Indicators

	TXS	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-19.69%	-35.21%	+15.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-20.72%	+14.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	—	—
Current Drawdown Current decline from peak	0.00%	-10.53%	+10.53%
Average Drawdown Average peak-to-trough decline	-2.72%	-13.01%	+10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	7.99%	-6.09%

Volatility

TXS vs. OILT - Volatility Comparison

The current volatility for Texas Capital Texas Equity Index ETF (TXS) is 2.69%, while Texas Capital Texas Oil Index ETF (OILT) has a volatility of 8.63%. This indicates that TXS experiences smaller price fluctuations and is considered to be less risky than OILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXS	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	8.63%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	21.78%	-13.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	28.02%	-16.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	28.72%	-13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	28.72%	-13.09%

TXS vs. OILT - Expense Ratio Comparison

TXS has a 0.49% expense ratio, which is higher than OILT's 0.35% expense ratio.

Dividends

TXS vs. OILT - Dividend Comparison

TXS's dividend yield for the trailing twelve months is around 0.77%, less than OILT's 2.58% yield.

Position	TTM	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	2.58%	3.12%	2.63%	0.00%
TXS Texas Capital Texas Equity Index ETF	0.77%	0.82%	0.86%	0.53%

Frequently Asked Questions

Can I hold both TXS and OILT in my portfolio?

TXS and OILT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXS or OILT?

OILT has higher volatility (8.63%) compared to TXS (2.69%). In terms of maximum drawdown, TXS dropped -19.69% vs OILT's -35.21%.

Which ETF is better, TXS or OILT?

On 1-year performance, OILT leads with 39.44% vs 21.67% for TXS. On fees, OILT is cheaper at 0.35% per year. On volatility, TXS has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXS or OILT?

Over the 1-year period, OILT has performed better with a 39.44% return vs 21.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXS or OILT?

OILT is cheaper with a 0.35% expense ratio, compared with 0.49% for TXS.

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

OILT has the higher dividend yield at 2.58%, compared with 0.77% for TXS.

What is the main difference between TXS and OILT?

TXS is categorized as Mid Cap Blend Equities, while OILT is Energy Equities. TXS tracks Texas Capital Texas Equity Index - Benchmark TR Gross, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Their fees differ too: 0.49% for TXS and 0.35% for OILT.

Which has better risk-adjusted returns?

TXS currently has the higher Sharpe Ratio (1.90 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.