MLPI vs. OIH

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) and OIH (VanEck Vectors Oil Services ETF) are both Energy Equities funds. MLPI is actively managed, while OIH is passively managed. At a 0.49 correlation, their price movements are largely independent. MLPI charges 0.68%/yr vs 0.35%/yr for OIH.

Performance

MLPI vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and VanEck Vectors Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLPI achieves a 17.58% return, which is significantly lower than OIH's 51.43% return.

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: 0.18%
• 1M: -2.77%
• YTD: 51.43%
• 6M: 43.87%
• 1Y: 92.96%
• 3Y*: 18.56%
• 5Y*: 13.62%
• 10Y*: -0.90%

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

MLPI vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
OIH VanEck Vectors Oil Services ETF	51.43%	2.53%

Correlation

The correlation between MLPI and OIH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.49

Return for Risk

MLPI vs. OIH — Risk / Return Rank

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

OIH

OIH Risk / Return Rank: 89
OIH Sharpe Ratio Rank: 90
OIH Sortino Ratio Rank: 85
OIH Omega Ratio Rank: 79
OIH Calmar Ratio Rank: 96
OIH Martin Ratio Rank: 93

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.

MLPI vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) 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.

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

Sharpe Ratios by Period

	MLPI	OIH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	0.01	+3.48

Drawdowns

MLPI vs. OIH - Drawdown Comparison

The maximum MLPI drawdown since its inception was -5.38%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for MLPI and OIH.

Drawdown Indicators

	MLPI	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-94.45%	+89.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.54%	—
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	-3.84%	-61.60%	+57.76%
Average Drawdown Average peak-to-trough decline	-1.27%	-48.84%	+47.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.82%	—

Volatility

Volatility by Period

	MLPI	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	29.49%	-16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	36.79%	-23.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	42.41%	-29.36%

MLPI vs. OIH - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

MLPI vs. OIH - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, more than OIH's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OIH VanEck Vectors Oil Services ETF	1.13%	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 MLPI and OIH in my portfolio?

MLPI and OIH have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPI or OIH?

On fees, OIH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPI or OIH?

OIH is cheaper with a 0.35% expense ratio, compared with 0.68% for MLPI.

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

MLPI has the higher dividend yield at 6.04%, compared with 1.13% for OIH.

What is the main difference between MLPI and OIH?

They also come from different issuers: Neos and VanEck. Their fees differ too: 0.68% for MLPI and 0.35% for OIH.