IVV vs OILT
iShares Core S&P 500 ETF vs Texas Capital Texas Oil Index ETF
Quick Verdict
IVV has a lower expense ratio. OILT delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | OILT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $14M | |
| Dividend Yield | 1.10% | 2.55% | |
| Holdings | 508 | 27 | |
| YTD Return | +12.96% | +37.34% | |
| 1Y Return | +20.70% | +46.07% | |
| 3Y Return (annualized) | +22.10% | - | |
| 5Y Return (annualized) | +13.40% | - | |
| Volatility (annualized) | 15.1% | 25.4% | |
| Max Drawdown | -56.5% | -35.2% | |
| Fund Family | iShares by BlackRock (US) | Texas Capital | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 20, 2023 |
IVV vs OILT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Texas Capital Texas Oil Index ETF (OILT) is a ETF from Texas Capital. Over the past year IVV returned +20.70% while OILT returned +46.07%. Year to date, IVV is up 12.96% versus a gain of 37.34% for OILT.
Risk: Volatility and Drawdowns
OILT has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -35.2% for OILT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OILT charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.55% for OILT.
Holdings Overlap
IVV and OILT share 9 holdings out of 522 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OILT?
IVV has an expense ratio of 0.03% while OILT charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or OILT?
Over the past year IVV returned +20.70% vs +46.07% for OILT, so OILT leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.01% vs +12.53% for OILT. Past performance does not guarantee future results.
Which is riskier, IVV or OILT?
OILT has been the more volatile fund at 25.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OILT -35.2%.
Should I hold both IVV and OILT?
IVV and OILT have a monthly-return correlation of -0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OILT?
IVV and OILT share 9 common holdings with a 2.2% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IVV or OILT?
IVV yields 1.10% while OILT yields 2.55%, so OILT currently pays the higher dividend yield.
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