DVXE vs. OIH

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and OIH (VanEck Vectors Oil Services ETF) are both Energy Equities funds - DVXE tracks the Syntax Defined Volatility XLE Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. DVXE charges 0.89%/yr vs 0.35%/yr for OIH.

Performance

DVXE vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and VanEck Vectors Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXE achieves a 44.86% return, which is significantly lower than OIH's 54.15% return.

DVXE

• 1D: -0.08%
• 1M: -2.12%
• YTD: 44.86%
• 6M: 38.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: 1.80%
• 1M: -0.39%
• YTD: 54.15%
• 6M: 45.31%
• 1Y: 99.03%
• 3Y*: 19.96%
• 5Y*: 14.03%
• 10Y*: -1.41%

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

DVXE vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	4.49%
OIH VanEck Vectors Oil Services ETF	54.15%	15.46%

Correlation

The correlation between DVXE and OIH is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.71

Return for Risk

DVXE 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: 91
OIH Sharpe Ratio Rank: 93
OIH Sortino Ratio Rank: 89
OIH Omega Ratio Rank: 84
OIH Calmar Ratio Rank: 97
OIH Martin Ratio Rank: 94

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.

DVXE vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) 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

	DVXE	OIH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.01	+1.97

Drawdowns

DVXE vs. OIH - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for DVXE and OIH.

Drawdown Indicators

	DVXE	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-94.45%	+76.49%
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	-12.06%	-60.91%	+48.85%
Average Drawdown Average peak-to-trough decline	-5.83%	-48.85%	+43.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.82%	—

Volatility

Volatility by Period

	DVXE	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	29.38%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	36.80%	-5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	42.41%	-11.25%

DVXE vs. OIH - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

DVXE vs. OIH - Dividend Comparison

DVXE has not paid dividends to shareholders, while OIH's dividend yield for the trailing twelve months is around 1.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OIH VanEck Vectors Oil Services ETF	1.11%	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 DVXE and OIH in my portfolio?

DVXE and OIH have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXE 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, DVXE or OIH?

OIH is cheaper with a 0.35% expense ratio, compared with 0.89% for DVXE.

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

OIH has the higher dividend yield at 1.11%, compared with 0.00% for DVXE.

What is the main difference between DVXE and OIH?

DVXE tracks Syntax Defined Volatility XLE Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: WEBs and VanEck. Their fees differ too: 0.89% for DVXE and 0.35% for OIH.