OILT vs SPY
Texas Capital Texas Oil Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OILT delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OILT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $14M | $821.1B | |
| Dividend Yield | 2.55% | 1.01% | |
| Holdings | 27 | 505 | |
| YTD Return | +41.25% | +12.22% | |
| 1Y Return | +50.55% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 25.7% | 15.3% | |
| Max Drawdown | -35.2% | -56.5% | |
| Fund Family | Texas Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2023 | Jan 22, 1993 |
OILT vs SPY Performance
Texas Capital Texas Oil Index ETF (OILT) is a ETF from Texas Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OILT returned +50.55% while SPY returned +20.83%. Year to date, OILT is up 41.25% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
OILT has been the more volatile fund, with annualized monthly volatility of 25.7% compared with 15.3% for SPY. 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 -56.5% for SPY. 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
OILT charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, OILT currently yields 2.55% against 1.01% for SPY.
Holdings Overlap
OILT and SPY share 9 holdings out of 521 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OILT or SPY?
OILT has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, OILT or SPY?
Over the past year OILT returned +50.55% vs +20.83% for SPY, so OILT leads on 1-year performance. Over the longest common window we track (3 years), OILT annualized +13.69% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, OILT or SPY?
OILT has been the more volatile fund at 25.7% annualized versus 15.3% for SPY. Worst drawdown: OILT -35.2% vs SPY -56.5%.
Should I hold both OILT and SPY?
OILT and SPY 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 OILT and SPY?
OILT and SPY share 9 common holdings with a 2.1% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, OILT or SPY?
OILT yields 2.55% while SPY yields 1.01%, so OILT currently pays the higher dividend yield.
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