IEO vs. OILT ETF Comparison

Comparison of iShares U.S. Oil & Gas Exploration & Production ETF (IEO) to Texas Capital Texas Oil Index ETF (OILT)

IEO

iShares U.S. Oil & Gas Exploration & Production ETF

IEO Description

The investment seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Oil Exploration & Production Index (the "underlying index"), which measures the performance of the oil exploration and production sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.24

Average Daily Volume

88,383

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OILT

Texas Capital Texas Oil Index ETF

OILT Description

OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$24.28

Average Daily Volume

1,679

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IEO	OILT
30 Days	-4.43%	-3.93%
60 Days	-6.88%	-7.49%
90 Days	-2.02%	-3.07%
12 Months	-6.31%

5 Overlapping Holdings

Symbol	Grade	Weight in IEO	Weight in OILT	Overlap
COP	D	18.79%	8.02%	8.02%
CTRA	F	3.15%	1.63%	1.63%
DVN	F	4.22%	3.93%	3.93%
EOG	D	10.74%	7.12%	7.12%
FANG	F	4.63%	8.33%	4.63%

IEO Overweight 5 Positions Relative to OILT

Symbol	Grade	Weight
MPC	F	8.38%
PSX	F	6.63%
HES	B	4.63%
VLO	F	4.38%
EQT	C	3.88%

IEO Underweight 19 Positions Relative to OILT

Symbol	Grade	Weight
XOM	C	-8.56%
OXY	F	-7.94%
CVX	A	-4.59%
APA	F	-4.45%
SM	F	-4.36%
OVV	F	-4.28%
CRGY	B	-4.27%
MRO	C	-4.11%
VTLE	F	-3.94%
PR	F	-3.8%
KMI	B	-2.74%
BP	F	-2.27%
CRK	B	-1.86%
MGY	C	-1.65%
MUR	F	-1.33%
TTE	F	-0.93%
REPX	F	-0.74%
REI	F	-0.7%
MTDR	D	-0.34%

IEO: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing

OILT: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated Oil & Gas Midstream