DBO vs. OIH
Compare and contrast key facts about Invesco DB Oil Fund (DBO) and VanEck Vectors Oil Services ETF (OIH).
DBO and OIH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007. 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. Both DBO and OIH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBO or OIH.
Key characteristics
| DBO | OIH | |
|---|---|---|
| YTD Return | 1.29% | -2.41% |
| 1Y Return | -8.44% | -4.65% |
| 3Y Return (Ann) | 0.17% | 14.89% |
| 5Y Return (Ann) | 8.42% | 7.15% |
| 10Y Return (Ann) | -3.87% | -8.57% |
| Sharpe Ratio | -0.28 | -0.15 |
| Sortino Ratio | -0.23 | -0.02 |
| Omega Ratio | 0.97 | 1.00 |
| Calmar Ratio | -0.10 | -0.05 |
| Martin Ratio | -0.97 | -0.35 |
| Ulcer Index | 7.25% | 11.47% |
| Daily Std Dev | 24.61% | 26.85% |
| Max Drawdown | -90.18% | -94.24% |
| Current Drawdown | -72.01% | -73.14% |
Correlation
The correlation between DBO and OIH is 0.61, 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
DBO vs. OIH - Performance Comparison
In the year-to-date period, DBO achieves a 1.29% return, which is significantly higher than OIH's -2.41% return. Over the past 10 years, DBO has outperformed OIH with an annualized return of -3.87%, while OIH has yielded a comparatively lower -8.57% 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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DBO vs. OIH - Expense Ratio Comparison
DBO has a 0.78% expense ratio, which is higher than OIH's 0.35% expense ratio.
Risk-Adjusted Performance
DBO vs. OIH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Oil Fund (DBO) 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.
Dividends
DBO vs. OIH - Dividend Comparison
DBO's dividend yield for the trailing twelve months is around 4.54%, more than OIH's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 4.54% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OIH VanEck Vectors Oil Services ETF | 1.40% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
Drawdowns
DBO vs. OIH - Drawdown Comparison
The maximum DBO drawdown since its inception was -90.18%, roughly equal to the maximum OIH drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for DBO and OIH. For additional features, visit the drawdowns tool.
Volatility
DBO vs. OIH - Volatility Comparison
The current volatility for Invesco DB Oil Fund (DBO) is 10.05%, while VanEck Vectors Oil Services ETF (OIH) has a volatility of 11.07%. This indicates that DBO experiences smaller price fluctuations and is considered to be less risky than OIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.