PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IYE vs. OIH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYE vs. OIH

Last updated Jun 25, 2026

IYE (iShares U.S. Energy ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - IYE tracks the Dow Jones U.S. Oil & Gas Index while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past 10 years, IYE returned 8.00%/yr vs -2.67%/yr for OIH. Their correlation of 0.89 suggests significant overlap in exposure. IYE charges 0.42%/yr vs 0.35%/yr for OIH.

Performance

IYE vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Energy ETF (IYE) 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, IYE achieves a 20.95% return, which is significantly lower than OIH's 30.38% return. Over the past 10 years, IYE has outperformed OIH with an annualized return of 8.00%, while OIH has yielded a comparatively lower -2.67% annualized return.

IYE

1D
-1.64%
1M
-9.18%
YTD
20.95%
6M
21.80%
1Y
29.09%
3Y*
14.72%
5Y*
17.30%
10Y*
8.00%

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)

IYE vs. OIH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYE
iShares U.S. Energy ETF		20.95%7.33%6.06%-2.21%60.21%53.42%-33.49%10.03%-19.37%-1.80%
OIH
VanEck Oil Services ETF		30.38%6.81%-10.53%3.20%66.17%21.22%-41.19%-3.54%-45.03%-19.66%

Correlation

The correlation between IYE and OIH is 0.73, 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

0.73

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

0.80

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

0.86

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

0.87

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2001

0.89

The correlation between IYE and OIH shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

IYE vs. OIH - Sectors Allocation Comparison

Sectors
IYE
OIH

Energy

98.1%
97.6%

Technology

1.9%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

1.9%

Energy

IYE
98.1%
OIH
97.6%

Technology

IYE
1.9%
OIH

-

Basic Materials

IYE

-

OIH

-

Communication Services

IYE

-

OIH

-

Consumer Cyclical

IYE

-

OIH

-

Consumer Defensive

IYE

-

OIH

-

Financial Services

IYE

-

OIH

-

Healthcare

IYE

-

OIH

-

Industrials

IYE

-

OIH

-

Real Estate

IYE

-

OIH

-

Utilities

IYE

-

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 U.S. Energy ETF

VanEck Oil Services ETF

Often compared with IYE:
IYE vs. XLEIYE vs. VDEIYE vs. IXCIYE vs. FENYIYE vs. IYHIYE vs. XOPIYE vs. MLPX
Often compared with OIH:
OIH vs. XLEOIH vs. XOPOIH vs. XESOIH vs. IXCOIH vs. BZ=FOIH vs. DIGOIH vs. DBO

Return for Risk

IYE vs. OIH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYE
IYE Risk / Return Rank: 4343
Overall Rank
IYE Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IYE Sortino Ratio Rank: 4242
Sortino Ratio Rank
IYE Omega Ratio Rank: 4040
Omega Ratio Rank
IYE Calmar Ratio Rank: 4747
Calmar Ratio Rank
IYE Martin Ratio Rank: 4343
Martin Ratio Rank
OIH
OIH Risk / Return Rank: 7272
Overall Rank
OIH Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
OIH Sortino Ratio Rank: 6868
Sortino Ratio Rank
OIH Omega Ratio Rank: 6262
Omega Ratio Rank
OIH Calmar Ratio Rank: 7676
Calmar Ratio Rank
OIH Martin Ratio Rank: 8181
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.

IYE vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.

IYEOIHDifference
Sharpe ratioReturn per unit of total volatility
1.44
2.12

-0.67

Sortino ratioReturn per unit of downside risk
1.96
2.77

-0.81

Omega ratioGain probability vs. loss probability

1.24

1.34

-0.10

Calmar ratioReturn relative to maximum drawdown

2.12

3.51

-1.40

Martin ratioReturn relative to average drawdown

6.26

14.37

-8.11

IYE vs. OIH - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 1.44, which is lower than the OIH Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of IYE 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.

Loading charts...

Drawdowns

IYE vs. OIH - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for IYE and OIH.

Loading charts...

Drawdown Indicators

IYEOIHDifference

Max Drawdown

Largest peak-to-trough decline

-73.74%

-94.45%

+20.71%

Max Drawdown (1Y)

Largest decline over 1 year

-13.81%

-18.21%

+4.40%

Max Drawdown (3Y)

Largest decline over 3 years

-20.37%

-43.80%

+23.43%

Max Drawdown (5Y)

Largest decline over 5 years

-25.61%

-43.80%

+18.19%

Max Drawdown (10Y)

Largest decline over 10 years

-68.59%

-89.62%

+21.03%

Current Drawdown

Current decline from peak

-13.60%

-66.94%

+53.34%

Average Drawdown

Average peak-to-trough decline

-19.34%

-48.87%

+29.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.66%

4.44%

+0.22%

Volatility

IYE vs. OIH - Volatility Comparison

The current volatility for iShares U.S. Energy ETF (IYE) is 7.00%, while VanEck Oil Services ETF (OIH) has a volatility of 10.51%. This indicates that IYE 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.

Loading charts...

Volatility by Period

IYEOIHDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.00%

10.51%

-3.51%

Volatility (6M)

Calculated over the trailing 6-month period

16.51%

21.46%

-4.95%

Volatility (1Y)

Calculated over the trailing 1-year period

20.30%

30.24%

-9.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.67%

36.82%

-11.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.52%

42.39%

-12.87%

IYE vs. OIH - Expense Ratio Comparison

IYE has a 0.42% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

IYE vs. OIH - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.35%, more than OIH's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
IYE
iShares U.S. Energy ETF		2.35%2.85%2.75%2.99%3.37%2.98%4.75%6.60%3.16%2.66%2.11%3.39%
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

IYE and OIH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OIH has higher volatility (10.51%) compared to IYE (7.00%). In terms of maximum drawdown, IYE dropped -73.74% vs OIH's -94.45%.

On 10-year performance, IYE leads with 8.00% vs -2.67% for OIH. On fees, OIH is cheaper at 0.35% per year. On volatility, IYE has been the lower-risk option at 7.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYE has performed better with a 8.00% return vs -2.67%. 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 0.42% for IYE.

IYE has the higher dividend yield at 2.35%, compared with 1.31% for OIH.

IYE tracks Dow Jones U.S. Oil & Gas Index, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.42% for IYE and 0.35% for OIH.

OIH currently has the higher Sharpe Ratio (2.12 vs 1.44), 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.

Portfolio Optimizer

Find the right allocation for IYE and OIH

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer