OILT vs. OILD ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to ProShares UltraPro 3x Short Crude Oil ETF (OILD)
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
$26.86
Average Daily Volume
1,988
24
OILD
ProShares UltraPro 3x Short Crude Oil ETF
OILD Description
ProShares UltraPro 3x Short Crude Oil ETF seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Bloomberg WTI Crude Oil SubindexSM. The underlying index reflects the performance of the price of West Texas Intermediate sweet, light crude oil futures contracts traded on the NYMEX. The fund seeks to meet its investment objective by investing, under normal market conditions, in futures contracts for WTI sweet, light crude oil listed on the NYMEX, ICE Futures U.S. or other U.S. exchanges and listed options on such contracts.Grade (RS Rating)
Last Trade
$12.83
Average Daily Volume
50,190
25
Performance
| Period | OILT | OILD |
|---|---|---|
| 30 Days | 8.41% | -21.96% |
| 60 Days | 6.85% | -22.24% |
| 90 Days | 2.73% | -19.31% |
| 12 Months | -37.69% |
11 Overlapping Holdings
| Symbol | Grade | Weight in OILT | Weight in OILD | Overlap | |
|---|---|---|---|---|---|
| COP | C | 8.14% | 8.25% | 8.14% | |
| CTRA | B | 1.8% | 1.78% | 1.78% | |
| CVX | A | 4.54% | 15.0% | 4.54% | |
| DVN | F | 3.59% | 3.75% | 3.59% | |
| EOG | A | 7.37% | 4.83% | 4.83% | |
| FANG | D | 7.84% | 3.34% | 3.34% | |
| KMI | A | 2.85% | 2.42% | 2.42% | |
| MRO | B | 4.18% | 2.06% | 2.06% | |
| OVV | B | 4.61% | 1.38% | 1.38% | |
| OXY | D | 7.37% | 6.46% | 6.46% | |
| XOM | B | 8.03% | 15.0% | 8.03% |
OILT: Top Represented Industries & Keywords
OILD: Top Represented Industries & Keywords
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