At a glance
OILT charges 0.35% a year, below the 0.43% average of the 8 funds most like it (the 2nd cheapest of 9). It has $12.0M in assets, the 9th largest of that group; it paid 4.57% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +64.5% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds. Its ten largest positions make up 57.6% of the fund, out of 25 in all.
The short version
Texas Capital Texas Oil Index ETF (OILT) tracks the Alerian Texas Weighted Oil and Gas Index: companies producing oil and gas in Texas, such as Exxon Mobil and Diamondback Energy, weighted by the value of that output. It's a concentrated bet on one industry in one state. Its 0.35% annual fee is below the 0.43% peer average, but with $12 million in assets on June 30, 2026, it was the smallest of its peers.
Price history
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OILT +64.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| OILT official prospectus, to Dec 31, 2025 | — | -3.17% | — | — | — | -0.88% |
| Alerian Texas Weighted Oil & Gas Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | -2.66% | — | — | — | -0.65% |
| Vetta Fi U.S. Equity 3000 Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | +17.16% | — | — | — | +21.06% |
| OILT price data to Oct 27, 2026 | +57.2% | +64.5% | — | — | — | +16.1% |
- Over the year to Oct 27, 2026, OILT returned +64.5%, 3rd of 9 among similar funds.
- Its worst full calendar year was 2025 (-3.3%); its best was 2024 (+0.9%).
- The deepest fall in its price history was 35.2% (Apr 10, 2024 to Apr 8, 2025), recovered by Feb 27, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +57.2% | — |
| 2025 | -3.3% | -3.17% |
| 2024 | +0.9% | +1.36% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.3800 | |
| 2025 | $0.7200 | +12.5% |
| 2024 | $0.6400 |
What's inside
As of Jun 30, 2026, the fund held 25 securities; the ten largest made up 57.64% of assets.
| Holding | Weight | |
|---|---|---|
| EXXON MOBIL CORP | 7.35% | |
| DIAMONDBACK ENERGY INC | 7.20% | |
| CONOCOPHILLIPS | 7.11% | |
| OCCIDENTAL PETROLEUM CORP | 6.90% | |
| EOG RESOURCES INC | 6.18% | |
| OVINTIV INC | 4.72% | |
| DEVON ENERGY CORP | 4.69% | |
| CRESCENT ENERGY COMPANY | 4.67% | |
| APA CORP | 4.41% | |
| SM ENERGY COMPANY | 4.40% | |
| CHEVRON CORP | 4.35% | |
| PERMIAN RESOURCES CORP | 4.25% | |
| KINDER MORGAN INC | 4.14% | |
| COMSTOCK RESOURCES INC | 4.05% | |
| TOKYO GAS COMPANY LTD | 3.94% |
By country
United States 85.29%Japan 7.27%United Kingdom 3.81%France 1.97%Spain 1.17%By asset type
Stocks 99.52%By sector
Sectors of the companies held, for the 47.9% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $850K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.42%, -8.72%, -7.31%.
How it works
OILT is an index fund. It aims to match, before fees, the total return (price changes plus dividends) of the Alerian Texas Weighted Oil and Gas Index, which VettaFi builds independently of Texas Capital. To qualify, a company must belong to the S-Network Developed World Equity 5000 Index and have produced more than 0.1% of annual Texas oil and gas output over the past 10 years, per Texas Railroad Commission data. Foreign firms with Texas output qualify too; Japanese stocks such as Tokyo Gas made up 7.3% of assets as of June 30, 2026.
Weights depend not on a company's stock market value but on the value of its Texas output: production multiplied by average oil and gas futures prices (contract prices for later delivery) from the last day of February in the current and prior year. No single stock may exceed 10%. Membership is reviewed yearly and weights reset quarterly. As of June 30, 2026, Exxon Mobil (7.4%), Diamondback Energy (7.2%) and ConocoPhillips (7.1%) led, and the top 10 holdings made up 57.6% of assets.
The fund is non-diversified, meaning it can hold bigger stakes in fewer companies than a typical fund. It mostly mirrors the index but may hold a sample or substitute stocks. It uses no leverage or options.
What it really costs
- OILT charges 0.35% a year, versus an average of 0.43% for the similar funds below (2nd of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| OILT | $36 | $113 | $197 | $443 |
In a retirement portfolio
It bets on one industry in one state and fell 35.2% from peak to trough, so it is more likely to serve as a small add-on than a foundation.
Launched December 21, 2023, OILT has no record through the 2008 financial crisis, 2020 COVID crash or 2022 bear market. Its deepest drop was 35.2%, from April 10, 2024 to April 8, 2025, and it did not regain that peak until February 27, 2026, 10.7 months after the low. Its worst calendar year, 2025, was a smaller 3.17% loss by the prospectus's official figure, a reminder that calendar-year results can hide deeper drops. Withdrawing money near a low like that would lock in losses.
It yielded 4.57% over the 12 months to October 27, 2026, paid quarterly, though energy dividends can fall when oil and gas prices do. Its 0.35% annual expense ratio comes to $36 in the first year on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a targeted slice of Texas oil-and-gas producers; Exxon Mobil, Diamondback and ConocoPhillips each made up about 7% of assets (June 30, 2026).
- Fee-conscious energy investors: its 0.35% expense ratio matches XOP's, undercuts the 0.43% peer average and ranks second-cheapest of nine similar funds.
- Income seekers who accept that energy payouts can vary: OILT's trailing 12-month yield was 4.57% as of October 27, 2026, paid quarterly.
Look elsewhere if
- Investors wanting broad energy exposure: Energy Select Sector SPDR Fund (XLE) charges 0.08% and held $35.7 billion on June 30, 2026, versus OILT's $12 million.
- Retirees who may need to withdraw money in a slump: OILT fell 35.2% between April 2024 and April 2025 and needed 10.7 months to recover.
- Those wanting a long record: launched in December 2023, OILT has no history through the 2008, 2020 or 2022 market downturns.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| OILT this fund | — | 0.35% | $12.0M | +64.5% | — |
| FTXN First Trust Nasdaq Oil & Gas ETF | 50% | 0.6% | $180.7M | +57.0% | +16.5% |
| FCG First Trust Natural Gas ETF | 45% | 0.6% | $589.7M | +46.7% | +10.6% |
| XOP SPDR S&P Oil & Gas Exploration & Production… | 36% | 0.35% | $2.91B | +59.0% | +14.2% |
| RSPG Invesco S&P 500 Equal Weight Energy ETF | 35% | 0.4% | $573.6M | +56.1% | +19.7% |
| IEO iShares U.S. Oil & Gas Exploration & Produc… | 34% | 0.4% | $516.1M | +67.3% | +18.3% |
| XLE Energy Select Sector SPDR Fund | 34% | 0.08% | $35.72B | +64.6% | -4.0% |
| FXN First Trust Energy AlphaDEX Fund | 33% | 0.61% | $379.1M | +58.5% | +15.6% |
Questions investors ask
What does OILT invest in?
OILT invests in companies that produce oil and gas in Texas. It tracks the Alerian Texas Weighted Oil and Gas Index, which had 26 companies as of March 31, 2026. As of June 30, 2026, its largest holdings were Exxon Mobil (7.4%), Diamondback Energy (7.2%), ConocoPhillips (7.1%), Occidental Petroleum (6.9%) and EOG Resources (6.2%). About 85% of assets were in US stocks. The rest included foreign companies with Texas production, such as Japan's Tokyo Gas (3.9%).
Does OILT pay dividends?
Yes. OILT pays distributions quarterly, passing along dividends from the oil and gas companies it holds. Its trailing 12-month yield was 4.57% as of October 27, 2026, based on $1.58 per share in payouts. A trailing yield looks backward, not forward. Energy companies often raise or cut payouts as oil and gas prices move, so the fund's income can change noticeably from one year to the next.
What's the difference between OILT and FTXN?
OILT is cheaper and much smaller. The First Trust Nasdaq Oil & Gas ETF (FTXN), whose holdings overlap most with OILT's (50%), charges 0.60% a year versus OILT's 0.35%. As of June 30, 2026, FTXN had about $181 million in net assets; OILT had $12 million. Over the year to October 27, 2026, OILT returned 64.5% and FTXN 57%. OILT's holdings are limited to companies producing oil and gas in Texas, weighted by the value of that output.
Is OILT good for retirement?
OILT is a narrow, higher-risk sector fund, so it fits a small satellite role better than a core one. It holds only companies producing oil and gas in Texas, and it fell 35.2% between April 10, 2024 and April 8, 2025 before recovering on February 27, 2026. It launched in December 2023, so it has no record in the 2008, 2020 or 2022 downturns. On the plus side, it yielded 4.57% over the 12 months to October 27, 2026, paid quarterly, and charges 0.35% a year.
How has OILT performed since launch?
OILT's results were mixed until a sharp gain in 2026. By the prospectus's official figures, it returned 1.36% in 2024 and lost 3.17% in 2025, an average annual loss of 0.88% from its December 21, 2023 launch through December 31, 2025. Its index lost an average 0.65% a year, while the broad VettaFi U.S. Equity 3000 Index gained 21.06% a year. From the start of 2026 through October 27, 2026, OILT gained 57.2%, a partial-year figure.