OILT vs. IEO ETF Comparison

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

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

$26.22

Average Daily Volume

1,911

Number of Holdings ^*

24

* may have additional holdings in another (foreign) market

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

$98.83

Average Daily Volume

103,641

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	OILT	IEO
30 Days	5.04%	6.80%
60 Days	5.30%	6.58%
90 Days	2.32%	5.85%
12 Months		9.02%

4 Overlapping Holdings

	Symbol	Grade	Weight in OILT	Weight in IEO	Overlap
	COP	B	8.22%	19.6%	8.22%
	DVN	F	3.75%	4.18%	3.75%
	EOG	A	7.42%	10.69%	7.42%
	FANG	C	8.0%	4.76%	4.76%

OILT Overweight 20 Positions Relative to IEO

	Symbol	Grade	Weight
	XOM	A	8.17%
	OXY	D	7.45%
	CVX	A	4.62%
	CRGY	A	4.58%
	OVV	C	4.58%
	SM	C	4.35%
	VTLE	C	4.33%
	MRO	A	4.23%
	APA	F	4.01%
	PR	B	3.94%
	KMI	A	2.76%
	BP	D	2.09%
	CRK	A	1.93%
	CTRA	A	1.73%
	MGY	A	1.65%
	MUR	D	1.32%
	REPX	A	0.88%
	TTE	F	0.81%
	REI	D	0.66%
	MTDR	B	0.37%

OILT Underweight 6 Positions Relative to IEO

	Symbol	Grade	Weight
	MPC	C	-7.5%
	PSX	C	-6.16%
	HES	B	-4.6%
	VLO	C	-4.22%
	TPL	A	-3.93%
	EQT	A	-3.88%

OILT: Top Represented Industries & Keywords

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

Keywords: Natural Gas S&P 500 Crude Oil Natural Gas Liquids Petroleum Industry Permian Basin Petroleum Petroleum Products Liquefied Natural Gas Midstream Natural Gas Properties Oil And Gas Properties Abu Dhabi National Oil Company Bakken Carbon Dioxide Chemical Commodity Petrochemicals Gas Exploration Gas Pipeline Gas Reserves

IEO: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing Real Estate - General

Keywords: S&P 500 Petroleum Industry Natural Gas Natural Gas Liquids Crude Oil Midstream Petroleum Petroleum Products Filling Station Gas Gathering Gas Reserves Gasoline Natural Gas Gathering Natural Gas Processing Natural Gas Reserves Permian Basin Propane Refined Products Sulfur Transports Crude Oil