OILT vs. WTID ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs (WTID)
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
$26.86
Average Daily Volume
1,988
24
WTID
Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs
WTID Description
The investment seeks to provide a three times leveraged inverse exposure to changes in the level of the Bloomberg WTI Crude Oil Subindex ERSM. The index is designed to measure the return from a rolling long position in WTI crude oil futures contracts that trade on major U.S. exchanges.Grade (RS Rating)
Last Trade
$15.15
Average Daily Volume
949
10
Performance
| Period | OILT | WTID |
|---|---|---|
| 30 Days | 8.41% | -18.06% |
| 60 Days | 6.85% | -16.03% |
| 90 Days | 2.73% | -10.11% |
| 12 Months | -34.53% |
OILT: Top Represented Industries & Keywords
WTID: Top Represented Industries & Keywords
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