XOP vs. OILT
Compare and contrast key facts about SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Texas Capital Texas Oil Index ETF (OILT).
XOP and OILT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 XOP 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
XOP vs. OILT - Performance Comparison
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XOP vs. OILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 39.04% | -2.15% | -1.00% | -1.20% |
OILT Texas Capital Texas Oil Index ETF | 39.42% | -3.30% | 0.87% | -0.16% |
Returns By Period
The year-to-date returns for both investments are quite close, with XOP having a 39.04% return and OILT slightly higher at 39.42%.
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%
OILT
- 1D
- -3.72%
- 1M
- 9.81%
- YTD
- 39.42%
- 6M
- 38.43%
- 1Y
- 33.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XOP vs. OILT - Expense Ratio Comparison
Both XOP and OILT have an expense ratio of 0.35%.
Return for Risk
XOP vs. OILT — Risk / Return Rank
XOP
OILT
XOP vs. OILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) 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.
| XOP | OILT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.98 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.42 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.36 | +0.15 |
Martin ratioReturn relative to average drawdown | 4.90 | 3.77 | +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
| XOP | OILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.98 | +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 | 0.07 | 0.51 | -0.45 |
Correlation
The correlation between XOP and OILT 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
XOP vs. OILT - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 1.86%, less than OILT's 2.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
XOP vs. OILT - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for XOP and OILT.
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Drawdown Indicators
| XOP | OILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.27% | -35.21% | -55.06% |
Max Drawdown (1Y)Largest decline over 1 year | -23.81% | -24.58% | +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 | -35.01% | -5.91% | -29.10% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -13.24% | -29.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 8.84% | -1.51% |
Volatility
XOP vs. OILT - Volatility Comparison
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a higher volatility of 8.36% compared to Texas Capital Texas Oil Index ETF (OILT) at 7.45%. This indicates that XOP'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.
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Volatility by Period
| XOP | OILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 7.45% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.57% | 18.97% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.73% | 34.66% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.12% | 28.40% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.29% | 28.40% | +11.89% |