OILT vs. PXI ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to PowerShares Dynamic Energy (PXI)
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
$26.96
Average Daily Volume
1,955
24
PXI
PowerShares Dynamic Energy
PXI Description
The PowerShares Dynamic Energy Sector Portfolio (Fund) is based on the Dynamic Energy Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of stocks of 60 U.S. energy companies. These companies are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$50.48
Average Daily Volume
5,344
40
Performance
| Period | OILT | PXI |
|---|---|---|
| 30 Days | 5.92% | 11.44% |
| 60 Days | 6.16% | 13.89% |
| 90 Days | 3.29% | 12.10% |
| 12 Months | 16.87% |
12 Overlapping Holdings
| Symbol | Grade | Weight in OILT | Weight in PXI | Overlap | |
|---|---|---|---|---|---|
| COP | B | 8.22% | 2.17% | 2.17% | |
| CRK | A | 1.93% | 1.79% | 1.79% | |
| CVX | A | 4.62% | 1.99% | 1.99% | |
| DVN | F | 3.75% | 1.84% | 1.84% | |
| EOG | A | 7.42% | 2.3% | 2.3% | |
| FANG | C | 8.0% | 3.58% | 3.58% | |
| KMI | A | 2.76% | 2.72% | 2.72% | |
| MGY | A | 1.65% | 1.58% | 1.58% | |
| OXY | D | 7.45% | 1.7% | 1.7% | |
| PR | B | 3.94% | 2.82% | 2.82% | |
| SM | C | 4.35% | 1.75% | 1.75% | |
| XOM | A | 8.17% | 2.31% | 2.31% |
OILT Underweight 28 Positions Relative to PXI
| Symbol | Grade | Weight | |
|---|---|---|---|
| TPL | A | -9.51% | |
| TRGP | A | -7.47% | |
| WFRD | F | -5.33% | |
| AMR | C | -3.3% | |
| MPC | C | -3.24% | |
| WMB | A | -3.07% | |
| CNX | A | -2.33% | |
| CEIX | B | -2.3% | |
| KNTK | A | -2.23% | |
| VLO | C | -2.23% | |
| GPOR | A | -2.11% | |
| BKR | A | -1.93% | |
| NOG | A | -1.91% | |
| CHRD | F | -1.91% | |
| AROC | A | -1.88% | |
| DTM | A | -1.81% | |
| HCC | B | -1.78% | |
| WHD | B | -1.78% | |
| WTTR | A | -1.71% | |
| CRC | A | -1.69% | |
| PSX | C | -1.63% | |
| RIG | D | -1.54% | |
| AM | A | -1.46% | |
| DINO | D | -1.46% | |
| LBRT | F | -1.38% | |
| OII | B | -1.38% | |
| HLX | B | -1.31% | |
| TDW | F | -1.26% |
OILT: Top Represented Industries & Keywords
PXI: Top Represented Industries & Keywords
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