OILT vs. PXE ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to PowerShares Dynamic Energy E&P (PXE)
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
$25.77
Average Daily Volume
1,897
24
PXE
PowerShares Dynamic Energy E&P
PXE Description
The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production 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 composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$31.27
Average Daily Volume
43,874
29
Performance
| Period | OILT | PXE |
|---|---|---|
| 30 Days | -0.52% | 0.16% |
| 60 Days | 8.27% | 7.15% |
| 90 Days | -1.53% | -2.20% |
| 12 Months | 1.93% |
11 Overlapping Holdings
| Symbol | Grade | Weight in OILT | Weight in PXE | Overlap | |
|---|---|---|---|---|---|
| CRGY | B | 4.41% | 3.25% | 3.25% | |
| CTRA | B | 1.69% | 5.19% | 1.69% | |
| DVN | F | 3.85% | 4.58% | 3.85% | |
| EOG | A | 7.05% | 5.06% | 5.06% | |
| FANG | D | 8.13% | 4.82% | 4.82% | |
| MGY | B | 1.67% | 2.98% | 1.67% | |
| MTDR | C | 0.36% | 2.8% | 0.36% | |
| MUR | F | 1.31% | 2.42% | 1.31% | |
| OVV | C | 4.34% | 4.96% | 4.34% | |
| SM | C | 4.37% | 2.66% | 2.66% | |
| VTLE | C | 4.08% | 2.22% | 2.22% |
OILT Underweight 18 Positions Relative to PXE
OILT: Top Represented Industries & Keywords
PXE: Top Represented Industries & Keywords
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