BZ=F vs. OIH
Compare and contrast key facts about Crude Oil Brent (BZ=F) and VanEck Vectors Oil Services ETF (OIH).
OIH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Oil Services 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZ=F or OIH.
Key characteristics
| BZ=F | OIH | |
|---|---|---|
| YTD Return | 7.68% | 1.67% |
| 1Y Return | 14.43% | 25.31% |
| 3Y Return (Ann) | 6.10% | 19.00% |
| 5Y Return (Ann) | 3.09% | 0.60% |
| 10Y Return (Ann) | -2.45% | -9.73% |
| Sharpe Ratio | 0.33 | 1.00 |
| Daily Std Dev | 27.14% | 25.75% |
| Max Drawdown | -86.77% | -94.24% |
| Current Drawdown | -43.21% | -72.03% |
Correlation
The correlation between BZ=F and OIH is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BZ=F vs. OIH - Performance Comparison
In the year-to-date period, BZ=F achieves a 7.68% return, which is significantly higher than OIH's 1.67% return. Over the past 10 years, BZ=F has outperformed OIH with an annualized return of -2.45%, while OIH has yielded a comparatively lower -9.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BZ=F vs. OIH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil Brent (BZ=F) 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.
Drawdowns
BZ=F vs. OIH - Drawdown Comparison
The maximum BZ=F drawdown since its inception was -86.77%, smaller than the maximum OIH drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for BZ=F and OIH. For additional features, visit the drawdowns tool.
Volatility
BZ=F vs. OIH - Volatility Comparison
Crude Oil Brent (BZ=F) has a higher volatility of 6.79% compared to VanEck Vectors Oil Services ETF (OIH) at 5.98%. This indicates that BZ=F'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.