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FTXN vs. OIH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTXN vs. OIH

Last updated Jun 6, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and OIH (VanEck Vectors Oil Services ETF) are both Energy Equities funds - FTXN tracks the Nasdaq U.S. Smart Oil & Gas Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past 5 years, FTXN returned 17.19%/yr vs 12.74%/yr for OIH. Their correlation of 0.81 suggests significant overlap in exposure. FTXN charges 0.60%/yr vs 0.35%/yr for OIH.

Performance

FTXN vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and VanEck Vectors 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, FTXN achieves a 29.57% return, which is significantly lower than OIH's 45.63% return.

FTXN

1D
-2.45%
1M
0.11%
YTD
29.57%
6M
24.63%
1Y
39.47%
3Y*
14.80%
5Y*
17.19%
10Y*
—

OIH

1D
-5.53%
1M
-4.14%
YTD
45.63%
6M
37.79%
1Y
88.05%
3Y*
17.23%
5Y*
12.74%
10Y*
-2.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTXN vs. OIH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTXN
First Trust Nasdaq Oil & Gas ETF		29.57%-0.17%4.06%4.91%47.45%69.21%-28.10%3.20%-20.99%-2.29%
OIH
VanEck Vectors Oil Services ETF		45.63%6.81%-10.53%3.20%66.17%21.22%-41.19%-3.54%-45.03%-19.66%

Correlation

The correlation between FTXN and OIH is 0.75, 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

0.75

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

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2016

0.81

The correlation between FTXN and OIH shifts across timeframes, from 0.75 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

FTXN vs. OIH - Sectors Allocation Comparison

Sectors
FTXN
OIH

Energy

100.0%
98.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

1.8%

Energy

FTXN
100.0%
OIH
98.0%

Basic Materials

FTXN

-

OIH

-

Communication Services

FTXN

-

OIH

-

Consumer Cyclical

FTXN

-

OIH

-

Consumer Defensive

FTXN

-

OIH

-

Financial Services

FTXN

-

OIH

-

Healthcare

FTXN

-

OIH

-

Industrials

FTXN

-

OIH

-

Real Estate

FTXN

-

OIH

-

Technology

FTXN

-

OIH

-

Utilities

FTXN

-

OIH
1.8%

Compare stocks, funds, or ETFs

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

First Trust Nasdaq Oil & Gas ETF

VanEck Vectors Oil Services ETF

Often compared with FTXN:
FTXN vs. QQQMFTXN vs. XLEFTXN vs. VDEFTXN vs. PXEFTXN vs. VTIFTXN vs. FSPGXFTXN vs. AMLP
Often compared with OIH:
OIH vs. XLEOIH vs. XOPOIH vs. XESOIH vs. IXCOIH vs. IYEOIH vs. BZ=FOIH vs. DIG

Return for Risk

FTXN vs. OIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTXN
FTXN Risk / Return Rank: 5252
Overall Rank
FTXN Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
FTXN Sortino Ratio Rank: 4949
Sortino Ratio Rank
FTXN Omega Ratio Rank: 4646
Omega Ratio Rank
FTXN Calmar Ratio Rank: 6262
Calmar Ratio Rank
FTXN Martin Ratio Rank: 5050
Martin Ratio Rank
OIH
OIH Risk / Return Rank: 8888
Overall Rank
OIH Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
OIH Sortino Ratio Rank: 8383
Sortino Ratio Rank
OIH Omega Ratio Rank: 7878
Omega Ratio Rank
OIH Calmar Ratio Rank: 9696
Calmar Ratio Rank
OIH Martin Ratio Rank: 9292
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.

FTXN vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

FTXNOIHDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.96

-1.23

Sortino ratioReturn per unit of downside risk
2.27
3.59

-1.32

Omega ratioGain probability vs. loss probability

1.28

1.45

-0.17

Calmar ratioReturn relative to maximum drawdown

2.92

9.28

-6.36

Martin ratioReturn relative to average drawdown

8.08

22.87

-14.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTXN vs. OIH - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.73, which is lower than the OIH Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of FTXN 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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Sharpe Ratios by Period

FTXNOIHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

2.96

-1.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.35

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.05

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.00

+0.27

Drawdowns

FTXN vs. OIH - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for FTXN and OIH.

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Drawdown Indicators

FTXNOIHDifference

Max Drawdown

Largest peak-to-trough decline

-73.49%

-94.45%

+20.96%

Max Drawdown (1Y)

Largest decline over 1 year

-13.59%

-9.54%

-4.05%

Max Drawdown (3Y)

Largest decline over 3 years

-26.96%

-43.80%

+16.84%

Max Drawdown (5Y)

Largest decline over 5 years

-29.97%

-43.80%

+13.83%

Max Drawdown (10Y)

Largest decline over 10 years

—

-89.62%

—

Current Drawdown

Current decline from peak

-9.56%

-63.07%

+53.51%

Average Drawdown

Average peak-to-trough decline

-19.23%

-48.85%

+29.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.90%

3.86%

+1.04%

Volatility

FTXN vs. OIH - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 7.81%, while VanEck Vectors Oil Services ETF (OIH) has a volatility of 9.79%. This indicates that FTXN 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

FTXNOIHDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.81%

9.79%

-1.98%

Volatility (6M)

Calculated over the trailing 6-month period

17.92%

20.88%

-2.96%

Volatility (1Y)

Calculated over the trailing 1-year period

22.98%

29.91%

-6.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.68%

36.87%

-7.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.80%

42.38%

-10.58%

FTXN vs. OIH - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

FTXN vs. OIH - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.09%, more than OIH's 1.17% yield.

PositionTTM20252024202320222021202020192018201720162015
FTXN
First Trust Nasdaq Oil & Gas ETF		2.09%2.83%2.51%3.41%2.26%1.04%1.76%2.72%2.16%1.78%0.20%0.00%
OIH
VanEck Vectors Oil Services ETF		1.17%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

FTXN and OIH have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OIH has higher volatility (9.79%) compared to FTXN (7.81%). In terms of maximum drawdown, FTXN dropped -73.49% vs OIH's -94.45%.

On 5-year performance, FTXN leads with 17.19% vs 12.74% for OIH. On fees, OIH is cheaper at 0.35% per year. On volatility, FTXN has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FTXN has performed better with a 17.19% return vs 12.74%. 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 0.60% for FTXN.

FTXN has the higher dividend yield at 2.09%, compared with 1.17% for OIH.

FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.60% for FTXN and 0.35% for OIH.

OIH currently has the higher Sharpe Ratio (2.96 vs 1.73), 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.

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