AMND vs. OIH

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and OIH (VanEck Vectors Oil Services ETF) are both Energy Equities funds - AMND tracks the Alerian Midstream Energy Dividend Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. AMND charges 0.75%/yr vs 0.35%/yr for OIH.

Performance

AMND vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and VanEck Vectors Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: 0.18%
• 1M: -2.77%
• YTD: 51.43%
• 6M: 43.87%
• 1Y: 92.96%
• 3Y*: 18.56%
• 5Y*: 13.62%
• 10Y*: -0.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMND vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	10.45%
OIH VanEck Vectors Oil Services ETF	51.43%	6.81%	-10.53%	3.20%	66.17%	21.22%	26.24%

Correlation

The correlation between AMND and OIH is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.64

The correlation between AMND and OIH shifts across timeframes, from 0.38 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.

AMND vs. OIH - Sectors Allocation Comparison

Sectors	AMND	OIH
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	98.0%
Financial Services	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Technology	0.0%	-
Utilities	0.0%	1.8%

Return for Risk

AMND vs. OIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OIH

OIH Risk / Return Rank: 89
OIH Sharpe Ratio Rank: 90
OIH Sortino Ratio Rank: 85
OIH Omega Ratio Rank: 79
OIH Calmar Ratio Rank: 96
OIH Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMND vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and VanEck Vectors 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMND	OIH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.01	—

Drawdowns

Drawdown Indicators

	AMND	OIH	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-43.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.62%	—
Current Drawdown Current decline from peak	—	-61.60%	—
Average Drawdown Average peak-to-trough decline	—	-48.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.82%	—

Volatility

Volatility by Period

	AMND	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	29.49%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.79%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	42.41%	—

AMND vs. OIH - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

AMND vs. OIH - Dividend Comparison

AMND has not paid dividends to shareholders, while OIH's dividend yield for the trailing twelve months is around 1.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%	0.00%	0.00%	0.00%	0.00%	0.00%
OIH VanEck Vectors Oil Services ETF	1.13%	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

Can I hold both AMND and OIH in my portfolio?

AMND and OIH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or OIH?

On fees, OIH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMND or OIH?

OIH is cheaper with a 0.35% expense ratio, compared with 0.75% for AMND.

Which ETF pays a higher dividend yield, AMND or OIH?

OIH has the higher dividend yield at 1.13%, compared with 0.00% for AMND.

What is the main difference between AMND and OIH?

AMND tracks Alerian Midstream Energy Dividend Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: UBS and VanEck. Their fees differ too: 0.75% for AMND and 0.35% for OIH.