AG vs. OIH
AG (First Majestic Silver Corp.) is a stock, while OIH (VanEck Oil Services ETF) is Energy Equities fund tracking the MVIS US Listed Oil Services 25 Index. Over the past 10 years, AG returned 2.51%/yr vs -2.32%/yr for OIH. At a 0.26 correlation, their price movements are largely independent.
Performance
AG vs. OIH - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a -0.84% return, which is significantly lower than OIH's 35.03% return. Over the past 10 years, AG has outperformed OIH with an annualized return of 2.51%, while OIH has yielded a comparatively lower -2.32% annualized return.
AG
- 1D
- -6.88%
- 1M
- -15.17%
- YTD
- -0.84%
- 6M
- -4.95%
- 1Y
- 104.39%
- 3Y*
- 46.17%
- 5Y*
- 1.04%
- 10Y*
- 2.51%
OIH
- 1D
- -1.13%
- 1M
- -13.39%
- YTD
- 35.03%
- 6M
- 35.52%
- 1Y
- 68.64%
- 3Y*
- 14.83%
- 5Y*
- 12.26%
- 10Y*
- -2.32%
AG vs. OIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | -0.84% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
OIH VanEck Oil Services ETF | 35.03% | 6.81% | -10.53% | 3.20% | 66.17% | 21.22% | -41.19% | -3.54% | -45.03% | -19.66% |
Correlation
The correlation between AG and OIH is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.26 |
The correlation between AG and OIH shifts across timeframes, from 0.19 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AG vs. OIH — Risk / Return Rank
AG
OIH
AG vs. OIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and VanEck Oil Services ETF (OIH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AG | OIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.51 | -2.45 |
| Martin ratioReturn relative to average drawdown | 4.82 | 16.04 | -11.23 |
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Drawdowns
AG vs. OIH - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, roughly equal to the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for AG and OIH.
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Drawdown Indicators
| AG | OIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -94.45% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -50.88% | -15.29% | -35.59% |
Max Drawdown (3Y)Largest decline over 3 years | -50.88% | -43.80% | -7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -73.18% | -43.80% | -29.38% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -89.62% | +8.80% |
Current DrawdownCurrent decline from peak | -48.41% | -65.76% | +17.35% |
Average DrawdownAverage peak-to-trough decline | -59.15% | -48.87% | -10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.74% | 4.29% | +17.45% |
Volatility
AG vs. OIH - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 24.27% compared to VanEck Oil Services ETF (OIH) at 10.14%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than OIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | OIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.27% | 10.14% | +14.13% |
Volatility (6M)Calculated over the trailing 6-month period | 58.70% | 21.14% | +37.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.54% | 30.39% | +44.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.91% | 36.79% | +25.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.08% | 42.38% | +19.70% |
Dividends
AG vs. OIH - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.21%, less than OIH's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.21% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OIH VanEck Oil Services ETF | 1.27% | 1.71% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.10% | 2.13% | 2.60% | 1.40% | 2.39% |
Frequently Asked Questions
AG and OIH have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (24.27%) compared to OIH (10.14%). In terms of maximum drawdown, AG dropped -90.20% vs OIH's -94.45%.
OIH currently has the higher Sharpe Ratio (2.30 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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