GXPE vs. OIH

Last updated Jun 25, 2026

GXPE (Global X PureCap MSCI Energy ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. GXPE charges 0.15%/yr vs 0.35%/yr for OIH.

Performance

GXPE vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) 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, GXPE achieves a 20.25% return, which is significantly lower than OIH's 30.38% return.

GXPE

• 1D: -1.80%
• 1M: -9.28%
• YTD: 20.25%
• 6M: 21.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: -3.45%
• 1M: -16.37%
• YTD: 30.38%
• 6M: 31.27%
• 1Y: 63.65%
• 3Y*: 13.50%
• 5Y*: 11.73%
• 10Y*: -2.67%

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

GXPE vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	20.25%	4.62%
OIH VanEck Oil Services ETF	30.38%	21.68%

Correlation

The correlation between GXPE 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 (All Time) Calculated using the full available price history since Jul 23, 2025	0.68

Return for Risk

GXPE vs. OIH — Risk / Return Rank

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

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OIH

OIH Risk / Return Rank: 72
OIH Sharpe Ratio Rank: 74
OIH Sortino Ratio Rank: 68
OIH Omega Ratio Rank: 62
OIH Calmar Ratio Rank: 76
OIH Martin Ratio Rank: 81

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.

GXPE vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.

	GXPE	OIH	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.77	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.51	—
Martin ratio: Return relative to average drawdown	—	14.37	—

Drawdowns

GXPE vs. OIH - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for GXPE and OIH.

Drawdown Indicators

	GXPE	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-14.89%	-94.45%	+79.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.21%	—
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	-14.64%	-66.94%	+52.30%
Average Drawdown Average peak-to-trough decline	-3.66%	-48.87%	+45.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.44%	—

Volatility

Volatility by Period

	GXPE	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	30.24%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	36.82%	-16.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	42.39%	-21.65%

GXPE vs. OIH - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than OIH's 0.35% expense ratio.

Dividends

GXPE vs. OIH - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 1.00%, less than OIH's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPE Global X PureCap MSCI Energy ETF	1.00%	1.20%	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	1.31%	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 GXPE and OIH in my portfolio?

GXPE 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.

Which ETF is better, GXPE or OIH?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPE or OIH?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.35% for OIH.

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

OIH has the higher dividend yield at 1.31%, compared with 1.00% for GXPE.

What is the main difference between GXPE and OIH?

GXPE tracks MSCI USA Energy PureCap Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.15% for GXPE and 0.35% for OIH.