OILT vs SPY
Texas Capital Texas Oil Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OILT or SPY?
Each has led over a different period.
SPY has a lower expense ratio. OILT led over 1Y, SPY over the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OILT | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $14M | $811.2B |
| Dividend Yield | 2.41% | 0.98% |
| Holdings | 26 | 1,515 |
| Volatility (annualized) | 25.3% | 11.9%Best |
| Max Drawdown | -35.2% | -18.8%Best |
| $10,000 over 2.7 years | $14,636 | $16,401Best |
| Top 10 Weight | 59.6% | 38.2%Best |
| Fund Family | Texas Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 20, 2023 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 16 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. OILT has data through Sep 15, 2026 and SPY through Oct 1, 2026.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 21, 2023 to Sep 15, 2026 (2.7 years).
Risk: Volatility and Drawdowns
OILT has been the more volatile fund, with annualized monthly volatility of 25.3% compared with 11.9% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.08. They move largely independently of each other.
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 2.41% against 0.98% for SPY.
Holdings Overlap
51.9% of OILT's money is in holdings SPY also owns. 2.3% of SPY's money is in holdings OILT also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 26 positions we hold weights for in OILT and 504 in SPY, against full books of 26 and 1,515.
What only one of them owns
Our book lists 488 positions for SPY that do not appear in our book for OILT (96.9% of the fund), and 13 for OILT that do not appear in SPY (38.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in OILT | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 7.25% | 1.04% | 6.21% |
| COPConocophillips Common Stock USD 0.01 | 7.63% | 0.25% | 7.38% |
| OXYOccidental Petroleum Corp. | 7.10% | 0.07% | 7.03% |
| FANGDiamondback Energy, Inc. | 6.82% | 0.06% | 6.76% |
| EOGEog Resources Inc | 5.71% | 0.12% | 5.59% |
| CVXChevron Corp | 4.57% | 0.60% | 3.97% |
| APAAPA Corp. | 4.93% | 0.02% | 4.91% |
| DVNDevon Energy Corporation | 4.64% | 0.09% | 4.55% |
| KMIKinder Morgan Inc./de | 3.25% | 0.09% | 3.16% |
51.9% of OILT is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $26 a year on a $10,000 investment.
Which is riskier, OILT or SPY?
OILT has been the more volatile fund at 25.3% annualized versus 11.9% for SPY. Worst drawdown: OILT -35.2% vs SPY -18.8%.
Should I hold both OILT and SPY?
OILT and SPY have a monthly-return correlation of -0.08, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OILT and SPY?
51.9% of OILT's money is in holdings SPY also owns. 2.3% of SPY's is in holdings OILT also owns. They hold 9 positions in common, counted across the 26 positions we hold weights for in OILT and 504 in SPY.
Which pays a higher dividend, OILT or SPY?
OILT yields 2.41% while SPY yields 0.98%, so OILT currently pays the higher dividend yield.
Is SPY better than OILT?
SPY has a lower expense ratio. OILT led over 1Y, SPY over the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.