ETF Evaluator:
Texas Capital Texas Oil Index ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Energy Over the Last Year
| 73.1% | Invesco Oil & Gas Services ETF (PXJ) |
| 73.1% | BP p.l.c. ADRhedged (BPH) |
| 69.1% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 66.9% | VanEck Oil Refiners ETF (CRAK) |
| 60.9% | VanEck Oil Services ETF (OIH) |
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ETF Details
Texas Capital Texas Oil Index ETF Overview
Texas Capital Texas Oil Index ETF (OILT) is a passively managed Sector Equity Equity Energy exchange-traded fund (ETF). Texas Capital Funds Trust launched the ETF in 2023.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Alerian Texas Weighted Oil and Gas Index.
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is an economic-value weighted index providing exposure to companies that extract oil and gas within Texas. The fund is non-diversified.
About Texas Capital Texas Oil Index ETF (OILT)
There are 1 members of the management team with an average tenure of 2.61 years: Carlos Pena (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: VettaFi US Equity 300 USD index with a weighting of 100% and Alerian Texas Weighted Oil&Gas TR USD index with a weighting of 100%. Texas Capital Texas Oil Index ETF has 27 securities in its portfolio. The top 10 holdings constitute 59.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Texas Capital Texas Oil Index ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Texas Capital Texas Oil Index ETF has 14.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.4% There is 14.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Texas Capital Texas Oil Index ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OILT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Texas Capital Texas Oil Index ETF expense ratio is below average compared to funds in the Equity Energy category. Texas Capital Texas Oil Index ETF has an expense ratio of 0.35%, which is 35% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Texas Capital Texas Oil Index ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 28% for the Equity Energy category.
Recently, in the month of July 2026, Texas Capital Texas Oil Index ETF returned 12.6%, which earned it a grade of A, as the Equity Energy category had an average return of 5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Texas Capital Texas Oil Index ETF has a trailing yield of 2.55%, which is above the 2.25% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Texas Capital Texas Oil Index ETF Grades
Year to date, the ETF has returned 34.3%, 5.9 percentage points better than the category, which translates into a grade of C. The fund has returned 37.8% over the past year (grade of D).
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OILT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OILT Return (NAV) | 12.6% | -4.7% | 37.8% | na | na | na |
| OILT Return (Price) | 12.5% | -4.9% | 37.6% | na | na | na |
| NAV +/- Price Return | 0.101% | 0.235% | 0.214% | na | na | na |
| Equity Energy Avg | 5.2% | -3.4% | 41.0% | 12.5% | 18.2% | 6.1% |
| OILT Grade (NAV) | A | D | D | na | na | na |
| +/- Category (NAV) | 7.5% | -1.3% | -3.1% | na | na | na |
| OILT Tax-Cost Ratio | na | na | 1.2% | na | na | na |
OILT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OILT Return (NAV) | 34.3% | -3.2% | 1.4% | na | na | na | na | na | na | na | na |
| OILT Return (Price) | 34.2% | -3.3% | 0.9% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.005% | 0.053% | -0.344% | na | na | na | na | na | na | na | na |
| Equity Energy Avg | 28.5% | 10.4% | 2.7% | 3.9% | 43.8% | 43.2% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| OILT Grade (NAV) | C | F | C | na | na | na | na | na | na | na | na |
| +/- Category | 5.9% | -13.6% | -1.4% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 13.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | VettaFi US Equity 300 USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.6 years | |||
| Managers (Year): Pena Carlos (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 59.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.1% |
Portfolio Allocation |
|
| Domestic Stock: | 85.4% |
| Foreign Stock: | 14.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Texas Capital Funds Trust |
| Phone Number: | 214-210-3092 |
| Website: | |
| Inception Date: | December 20, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.54% |
