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IXC vs. OIH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. OIH

Last updated Jun 24, 2026

IXC (iShares Global Energy ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - IXC tracks the S&P Global 1200 Energy Capped Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past 10 years, IXC returned 9.38%/yr vs -2.32%/yr for OIH. Their correlation of 0.83 suggests significant overlap in exposure. IXC charges 0.40%/yr vs 0.35%/yr for OIH.

Performance

IXC vs. OIH - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IXC achieves a 22.29% return, which is significantly lower than OIH's 35.03% return. Over the past 10 years, IXC has outperformed OIH with an annualized return of 9.38%, while OIH has yielded a comparatively lower -2.32% annualized return.

IXC

1D
0.44%
1M
-8.68%
YTD
22.29%
6M
23.05%
1Y
31.78%
3Y*
16.38%
5Y*
17.77%
10Y*
9.38%

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)

IXC vs. OIH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXC
iShares Global Energy ETF		22.29%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%
OIH
VanEck Oil Services ETF		35.03%6.81%-10.53%3.20%66.17%21.22%-41.19%-3.54%-45.03%-19.66%

Correlation

The correlation between IXC and OIH is 0.72, 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

0.72

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

0.79

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

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2001

0.83

The correlation between IXC and OIH shifts across timeframes, from 0.72 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.

IXC vs. OIH - Sectors Allocation Comparison

Sectors
IXC
OIH

Energy

100.0%
97.6%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

1.9%

Energy

IXC
100.0%
OIH
97.6%

Basic Materials

IXC

-

OIH

-

Communication Services

IXC

-

OIH

-

Consumer Cyclical

IXC

-

OIH

-

Consumer Defensive

IXC

-

OIH

-

Financial Services

IXC

-

OIH

-

Healthcare

IXC

-

OIH

-

Industrials

IXC

-

OIH

-

Real Estate

IXC

-

OIH

-

Technology

IXC

-

OIH

-

Utilities

IXC

-

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.

iShares Global Energy ETF

VanEck Oil Services ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. IUES.LIXC vs. DDMIXC vs. XDW0.DEIXC vs. PXE
Often compared with OIH:
OIH vs. XLEOIH vs. XOPOIH vs. XESOIH vs. IYEOIH vs. BZ=FOIH vs. DIGOIH vs. DBO

Return for Risk

IXC vs. OIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXC
IXC Risk / Return Rank: 4949
Overall Rank
IXC Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 4646
Sortino Ratio Rank
IXC Omega Ratio Rank: 4545
Omega Ratio Rank
IXC Calmar Ratio Rank: 5050
Calmar Ratio Rank
IXC Martin Ratio Rank: 5151
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.

IXC vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.

IXCOIHDifference
Sharpe ratioReturn per unit of total volatility
1.68
2.30

-0.62

Sortino ratioReturn per unit of downside risk
2.22
2.97

-0.74

Omega ratioGain probability vs. loss probability

1.28

1.36

-0.08

Calmar ratioReturn relative to maximum drawdown

2.40

4.51

-2.11

Martin ratioReturn relative to average drawdown

8.40

16.04

-7.65

IXC vs. OIH - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 1.68, which is comparable to the OIH Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IXC 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

IXC vs. OIH - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for IXC and OIH.

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Drawdown Indicators

IXCOIHDifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-94.45%

+26.57%

Max Drawdown (1Y)

Largest decline over 1 year

-13.31%

-15.29%

+1.98%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-43.80%

+24.74%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-43.80%

+18.87%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

-89.62%

+25.46%

Current Drawdown

Current decline from peak

-11.99%

-65.76%

+53.77%

Average Drawdown

Average peak-to-trough decline

-17.46%

-48.87%

+31.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.80%

4.29%

-0.49%

Volatility

IXC vs. OIH - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 6.54%, while VanEck Oil Services ETF (OIH) has a volatility of 10.14%. This indicates that IXC 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

IXCOIHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.54%

10.14%

-3.60%

Volatility (6M)

Calculated over the trailing 6-month period

15.76%

21.14%

-5.38%

Volatility (1Y)

Calculated over the trailing 1-year period

19.16%

30.39%

-11.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.48%

36.79%

-13.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.83%

42.38%

-15.55%

IXC vs. OIH - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

IXC vs. OIH - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 3.11%, more than OIH's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
IXC
iShares Global Energy ETF		3.11%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%
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

IXC and OIH have a correlation of 0.72, 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 IXC (6.54%). In terms of maximum drawdown, IXC dropped -67.88% vs OIH's -94.45%.

On 10-year performance, IXC leads with 9.38% vs -2.32% for OIH. On fees, OIH is cheaper at 0.35% per year. On volatility, IXC has been the lower-risk option at 6.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IXC has performed better with a 9.38% return vs -2.32%. 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 0.40% for IXC.

IXC has the higher dividend yield at 3.11%, compared with 1.27% for OIH.

IXC tracks S&P Global 1200 Energy Capped Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for IXC and 0.35% for OIH.

OIH currently has the higher Sharpe Ratio (2.30 vs 1.68), 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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