VanEck Oil Services ETF (OIH) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OIH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OIH
OIH charges 0.35% annually. There are 8 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 36.33B | Dec 1998 | OIH vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | OIH vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.80B | Sep 2004 | OIH vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 408.55M | Nov 2025 | OIH vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | OIH vs GXPE |
Best Risk-Adjusted Alternatives to OIH
OIH has a PortfoliosLab risk / return rank of 73. There are 13 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | 91 | 540.66M | Nov 2022 | OIH vs EIPX | |
| VanEck Oil Refiners ETF | 91 | 164.75M | Aug 2015 | OIH vs CRAK | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | 90 | 7.18M | May 2025 | OIH vs USNG | |
| Invesco Dynamic Oil & Gas Services ETF | 88 | 65.49M | Oct 2005 | OIH vs PXJ | |
| Bastion Energy ETF | 87 | — | Jun 2025 | OIH vs BESF |
Top Performing OIH Alternatives (YTD)
OIH is at 35.34% YTD. There are 6 ETFs in the Energy Equities category with higher YTD returns, going as high as 42.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Oil & Gas Services ETF | 42.99% | 65.49M | Oct 2005 | OIH vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 42.13% | — | Jul 2025 | OIH vs DVXE | |
| VistaShares Electrification Supercycle ETF | 41.57% | 64.26M | Oct 2025 | OIH vs POW | |
| VanEck Oil Refiners ETF | 40.46% | 164.75M | Aug 2015 | OIH vs CRAK | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 40.28% | 382.22M | Jun 2006 | OIH vs XES |
Lowest Volatility Alternatives to OIH
OIH has 30.08% 1-year volatility. There are 55 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 10.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Macquarie Global Listed Infrastructure ETF | 10.98% | 6.30M | Nov 2023 | OIH vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.43% | 540.66M | Nov 2022 | OIH vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.74% | 1.14B | Nov 2022 | OIH vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.79% | 152.76M | Apr 2024 | OIH vs MDST | |
| NEOS MLP & Energy Infrastructure High Income ETF | 13.31% | 746.33M | Dec 2025 | OIH vs MLPI |
Lowest Drawdown Alternatives to OIH
OIH has a 1-year max drawdown of -20.78%. There are 47 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 540.66M | Nov 2022 | OIH vs EIPX | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | OIH vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.14B | Nov 2022 | OIH vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | -6.74% | 152.76M | Apr 2024 | OIH vs MDST | |
| Amplify Samsung U.S. Natural Gas Infrastructure ET... | -6.82% | 7.18M | May 2025 | OIH vs USNG |
Other ETFs from VanEck
The 10 most viewed VanEck ETFs shown here include SMH, GDX, NLR and span 12 categories. AUM among these funds goes as high as $74B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | Semiconductors, Technology Equities | 93 | 66.69% | 73.62B | Dec 2011 | OIH vs SMH | |
| VanEck Gold Miners ETF | Gold, Precious Metals | 30 | -12.70% | 23.05B | May 2006 | OIH vs GDX | |
| VanEck Uranium and Nuclear ETF | Uranium, Alternative Energy Equities | 11 | -10.33% | 4.13B | Aug 2007 | OIH vs NLR | |
| VanEck Junior Gold Miners ETF | Gold, Precious Metals | 29 | -13.54% | 7.11B | Nov 2009 | OIH vs GDXJ | |
| VanEck Morningstar Wide Moat ETF | Large Cap Blend Equities | 26 | 2.17% | 11.77B | Apr 2012 | OIH vs MOAT | |
| VanEck Fabless Semiconductor ETF | Semiconductors, Technology Equities | 84 | 56.96% | 286.70M | Aug 2024 | OIH vs SMHX | |
| VanEck Rare Earth and Strategic Metals ETF | Rare Earth & Strategic Metals | 52 | 7.06% | 2.40B | Oct 2010 | OIH vs REMX | |
| VanEck BDC Income ETF | Financials Equities | 4 | -6.19% | 1.60B | Feb 2013 | OIH vs BIZD | |
| VanEck Bitcoin Trust | Cryptocurrency | 2 | -26.16% | 1.05B | Jan 2024 | OIH vs HODL | |
| VanEck IG Floating Rate ETF | Corporate Bonds, Ultrashort Bond | 99 | 2.46% | 2.89B | Apr 2011 | OIH vs FLTR |
Often Compared With OIH
Investors most often compare OIH with XOP, IXC, IYE. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare OIH with Any Fund or Stock
Compare OIH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OIH with funds that move differently
VanEck Oil Services ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OIH.
Explore OIH Diversifiers