EXEL vs. OIH

Last updated Jul 17, 2026

EXEL (Exelixis, Inc.) is a stock, while OIH (VanEck Oil Services ETF) is Energy Equities fund tracking the MVIS US Listed Oil Services 25 Index. Over the past 10 years, EXEL returned 20.79%/yr vs -2.80%/yr for OIH. At a 0.26 correlation, their price movements are largely independent.

Performance

EXEL vs. OIH - Performance Comparison

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

Returns By Period

In the year-to-date period, EXEL achieves a 27.04% return, which is significantly lower than OIH's 32.42% return. Over the past 10 years, EXEL has outperformed OIH with an annualized return of 20.79%, while OIH has yielded a comparatively lower -2.80% annualized return.

EXEL

• 1D: 0.23%
• 1M: 6.87%
• 6M: 22.54%
• YTD: 27.04%
• 1Y: 24.26%
• 3Y*: 42.63%
• 5Y*: 27.08%
• 10Y*: 20.79%

OIH

• 1D: -1.30%
• 1M: -7.16%
• 6M: 15.28%
• YTD: 32.42%
• 1Y: 64.65%
• 3Y*: 7.07%
• 5Y*: 16.43%
• 10Y*: -2.80%

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

EXEL vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXEL Exelixis, Inc.	27.04%	31.62%	38.81%	49.56%	-12.25%	-8.92%	13.90%	-10.42%	-35.30%	103.89%
OIH VanEck Oil Services ETF	32.42%	6.81%	-10.53%	3.20%	66.17%	21.22%	-41.19%	-3.54%	-45.03%	-19.66%

Correlation

The correlation between EXEL and OIH is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 26, 2001	0.26

The correlation between EXEL and OIH shifts across timeframes, from 0.06 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EXEL vs. OIH — Risk / Return Rank

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

EXEL

EXEL Risk / Return Rank: 65
EXEL Sharpe Ratio Rank: 66
EXEL Sortino Ratio Rank: 60
EXEL Omega Ratio Rank: 63
EXEL Calmar Ratio Rank: 67
EXEL Martin Ratio Rank: 68

OIH

OIH Risk / Return Rank: 78
OIH Sharpe Ratio Rank: 85
OIH Sortino Ratio Rank: 79
OIH Omega Ratio Rank: 75
OIH Calmar Ratio Rank: 77
OIH Martin Ratio Rank: 73

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.

EXEL vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Exelixis, Inc. (EXEL) 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.

	EXEL	OIH	Difference
Sharpe ratio: Return per unit of total volatility	0.63	2.19	-1.56
Sortino ratio: Return per unit of downside risk	1.05	2.83	-1.78
Omega ratio: Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio: Return relative to maximum drawdown	1.00	3.13	-2.12
Martin ratio: Return relative to average drawdown	2.47	10.62	-8.14

EXEL vs. OIH - Sharpe Ratio Comparison

The current EXEL Sharpe Ratio is 0.63, which is lower than the OIH Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of EXEL 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.

Drawdowns

EXEL vs. OIH - Drawdown Comparison

The maximum EXEL drawdown since its inception was -97.38%, roughly equal to the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for EXEL and OIH.

Drawdown Indicators

	EXEL	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-97.38%	-94.45%	-2.93%
Max Drawdown (1Y) Largest decline over 1 year	-24.25%	-20.78%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-25.34%	-43.80%	+18.46%
Max Drawdown (5Y) Largest decline over 5 years	-35.41%	-43.80%	+8.39%
Max Drawdown (10Y) Largest decline over 10 years	-57.20%	-89.62%	+32.42%
Current Drawdown Current decline from peak	-2.49%	-66.42%	+63.93%
Average Drawdown Average peak-to-trough decline	-70.79%	-48.91%	-21.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.83%	6.11%	+3.72%

Volatility

EXEL vs. OIH - Volatility Comparison

The current volatility for Exelixis, Inc. (EXEL) is 7.33%, while VanEck Oil Services ETF (OIH) has a volatility of 8.39%. This indicates that EXEL 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.

Volatility by Period

	EXEL	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	8.39%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	24.10%	20.79%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	38.67%	29.78%	+8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.67%	36.56%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.44%	42.29%	+2.15%

Dividends

EXEL vs. OIH - Dividend Comparison

EXEL has not paid dividends to shareholders, while OIH's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXEL Exelixis, Inc.	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 Oil Services ETF	1.29%	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 EXEL and OIH in my portfolio?

EXEL and OIH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXEL or OIH?

OIH has higher volatility (8.39%) compared to EXEL (7.33%). In terms of maximum drawdown, EXEL dropped -97.38% vs OIH's -94.45%.

Which has better risk-adjusted returns?

OIH currently has the higher Sharpe Ratio (2.19 vs 0.63), 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.