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DRLL vs. OIH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRLL vs. OIH

Last updated Jun 24, 2026

DRLL (Strive U.S. Energy ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past 3 years, DRLL returned 12.49%/yr vs 14.83%/yr for OIH. Their correlation of 0.81 suggests significant overlap in exposure. DRLL charges 0.41%/yr vs 0.35%/yr for OIH.

Performance

DRLL vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and VanEck Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DRLL achieves a 21.39% return, which is significantly lower than OIH's 35.03% return.

DRLL

1D
0.59%
1M
-7.79%
YTD
21.39%
6M
21.91%
1Y
26.18%
3Y*
12.49%
5Y*
—
10Y*
—

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

DRLL vs. OIH - Yearly Performance Comparison

2026 (YTD)2025202420232022
DRLL
Strive U.S. Energy ETF		21.39%7.74%0.02%-1.84%15.52%
OIH
VanEck Oil Services ETF		35.03%6.81%-10.53%3.20%35.75%

Correlation

The correlation between DRLL and OIH is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Aug 9, 2022

0.81

The correlation between DRLL and OIH shifts across timeframes, from 0.68 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

DRLL vs. OIH - Sectors Allocation Comparison

Sectors
DRLL
OIH

Energy

99.2%
97.6%

Consumer Cyclical

0.8%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

1.9%

Energy

DRLL
99.2%
OIH
97.6%

Consumer Cyclical

DRLL
0.8%
OIH

-

Basic Materials

DRLL

-

OIH

-

Communication Services

DRLL

-

OIH

-

Consumer Defensive

DRLL

-

OIH

-

Financial Services

DRLL

-

OIH

-

Healthcare

DRLL

-

OIH

-

Industrials

DRLL

-

OIH

-

Real Estate

DRLL

-

OIH

-

Technology

DRLL

-

OIH

-

Utilities

DRLL

-

OIH
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Strive U.S. Energy ETF

VanEck Oil Services ETF

Often compared with DRLL:
DRLL vs. USAIDRLL vs. XLEDRLL vs. VCLNDRLL vs. NUKZDRLL vs. VOODRLL vs. VDEDRLL vs. ULTY
Often compared with OIH:
OIH vs. XLEOIH vs. XOPOIH vs. XESOIH vs. IXCOIH vs. IYEOIH vs. BZ=FOIH vs. DIG

Return for Risk

DRLL vs. OIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRLL
DRLL Risk / Return Rank: 3333
Overall Rank
DRLL Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
DRLL Sortino Ratio Rank: 3232
Sortino Ratio Rank
DRLL Omega Ratio Rank: 3030
Omega Ratio Rank
DRLL Calmar Ratio Rank: 3434
Calmar Ratio Rank
DRLL Martin Ratio Rank: 3434
Martin Ratio Rank
OIH
OIH Risk / Return Rank: 7575
Overall Rank
OIH Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
OIH Sortino Ratio Rank: 6969
Sortino Ratio Rank
OIH Omega Ratio Rank: 6363
Omega Ratio Rank
OIH Calmar Ratio Rank: 8585
Calmar Ratio Rank
OIH Martin Ratio Rank: 8383
Martin Ratio Rank
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.

DRLL vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) 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.

DRLLOIHDifference
Sharpe ratioReturn per unit of total volatility
1.16
2.30

-1.14

Sortino ratioReturn per unit of downside risk
1.61
2.97

-1.36

Omega ratioGain probability vs. loss probability

1.20

1.36

-0.16

Calmar ratioReturn relative to maximum drawdown

1.58

4.51

-2.93

Martin ratioReturn relative to average drawdown

4.66

16.04

-11.38

DRLL vs. OIH - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.16, which is lower than the OIH Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of DRLL and OIH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DRLL vs. OIH - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for DRLL and OIH.

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Drawdown Indicators

DRLLOIHDifference

Max Drawdown

Largest peak-to-trough decline

-23.73%

-94.45%

+70.72%

Max Drawdown (1Y)

Largest decline over 1 year

-16.66%

-15.29%

-1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-23.73%

-43.80%

+20.07%

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

-15.01%

-65.76%

+50.75%

Average Drawdown

Average peak-to-trough decline

-8.07%

-48.87%

+40.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.64%

4.29%

+1.35%

Volatility

DRLL vs. OIH - Volatility Comparison

The current volatility for Strive U.S. Energy ETF (DRLL) is 7.92%, while VanEck Oil Services ETF (OIH) has a volatility of 10.14%. This indicates that DRLL 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.

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Volatility by Period

DRLLOIHDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.92%

10.14%

-2.22%

Volatility (6M)

Calculated over the trailing 6-month period

18.45%

21.14%

-2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

22.78%

30.39%

-7.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.82%

36.79%

-12.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.82%

42.38%

-18.56%

DRLL vs. OIH - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

DRLL vs. OIH - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.52%, more than OIH's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
DRLL
Strive U.S. Energy ETF		2.52%2.99%3.00%3.01%1.18%0.00%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

DRLL and OIH have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OIH has higher volatility (10.14%) compared to DRLL (7.92%). In terms of maximum drawdown, DRLL dropped -23.73% vs OIH's -94.45%.

On 3-year performance, OIH leads with 14.83% vs 12.49% for DRLL. On fees, OIH is cheaper at 0.35% per year. On volatility, DRLL has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, OIH has performed better with a 14.83% return vs 12.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

OIH is cheaper with a 0.35% expense ratio, compared with 0.41% for DRLL.

DRLL has the higher dividend yield at 2.52%, compared with 1.27% for OIH.

DRLL tracks Bloomberg US Energy Select Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: Strive and VanEck. Their fees differ too: 0.41% for DRLL and 0.35% for OIH.

OIH currently has the higher Sharpe Ratio (2.30 vs 1.16), 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.

Portfolio Optimizer

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