OILT vs QQQ
Texas Capital Texas Oil Index ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OILT delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OILT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $14M | $496.3B | |
| Dividend Yield | 2.55% | 0.44% | |
| Holdings | 27 | 108 | |
| YTD Return | +41.25% | +16.23% | |
| 1Y Return | +50.55% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 25.7% | 30.6% | |
| Max Drawdown | -35.2% | -83.0% | |
| Fund Family | Texas Capital | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2023 | Mar 10, 1999 |
OILT vs QQQ Performance
Texas Capital Texas Oil Index ETF (OILT) is a ETF from Texas Capital and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OILT returned +50.55% while QQQ returned +26.23%. Year to date, OILT is up 41.25% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.7% for OILT. 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 -35.2% for OILT and -83.0% for QQQ. 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 -0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OILT charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, OILT currently yields 2.55% against 0.44% for QQQ.
Holdings Overlap
OILT and QQQ share 1 holdings out of 127 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OILT | Weight in QQQ | Difference |
|---|---|---|---|
| FANG | 7.39% | 0.23% | 7.16% |
Frequently Asked Questions
Which is cheaper, OILT or QQQ?
OILT has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, OILT or QQQ?
Over the past year OILT returned +50.55% vs +26.23% for QQQ, so OILT leads on 1-year performance. Over the longest common window we track (3 years), OILT annualized +13.69% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, OILT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.7% for OILT. Worst drawdown: OILT -35.2% vs QQQ -83.0%.
Should I hold both OILT and QQQ?
OILT and QQQ have a monthly-return correlation of -0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OILT and QQQ?
OILT and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 127 unique securities.
Which pays a higher dividend, OILT or QQQ?
OILT yields 2.55% while QQQ yields 0.44%, so OILT currently pays the higher dividend yield.
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