DRIP vs. OILT ETF Comparison
Comparison of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) to Texas Capital Texas Oil Index ETF (OILT)
DRIP
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
DRIP Description
The investment seeks daily investment results, of 300% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the oil and gas exploration and production sub-industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. It is non-diversified.
Grade (RS Rating)
Last Trade
$10.20
Average Daily Volume
1,072,884
35
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
$26.08
Average Daily Volume
815
25
Performance
| Period | DRIP | OILT |
|---|---|---|
| 30 Days | 12.58% | -5.85% |
| 60 Days | 18.74% | -8.87% |
| 90 Days | 7.67% | 4.72% |
| 12 Months | -24.66% |
13 Overlapping Holdings
| Symbol | Grade | Weight in DRIP | Weight in OILT | Overlap | |
|---|---|---|---|---|---|
| APA | F | 3.67% | 6.33% | 3.67% | |
| COP | D | 2.49% | 6.42% | 2.49% | |
| CVX | D | 2.35% | 4.7% | 2.35% | |
| DVN | D | 2.64% | 4.57% | 2.64% | |
| EOG | D | 2.71% | 5.59% | 2.71% | |
| FANG | D | 2.52% | 7.51% | 2.52% | |
| MGY | D | 0.62% | 1.33% | 0.62% | |
| MRO | C | 2.49% | 4.84% | 2.49% | |
| MTDR | D | 2.02% | 0.27% | 0.27% | |
| MUR | D | 2.43% | 1.27% | 1.27% | |
| OXY | D | 2.91% | 7.06% | 2.91% | |
| SM | D | 1.98% | 4.51% | 1.98% | |
| XOM | D | 2.37% | 13.29% | 2.37% |
DRIP Overweight 22 Positions Relative to OILT
DRIP: Top Represented Industries & Keywords
OILT: Top Represented Industries & Keywords
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