OIH vs. BZ=F
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and Crude Oil Brent (BZ=F).
OIH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Oil Services 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIH or BZ=F.
Key characteristics
| OIH | BZ=F | |
|---|---|---|
| YTD Return | -3.82% | -6.57% |
| 1Y Return | -7.52% | -12.72% |
| 3Y Return (Ann) | 14.31% | -4.04% |
| 5Y Return (Ann) | 6.39% | 2.48% |
| 10Y Return (Ann) | -8.70% | -0.94% |
| Sharpe Ratio | -0.22 | -0.35 |
| Sortino Ratio | -0.14 | -0.32 |
| Omega Ratio | 0.98 | 0.96 |
| Calmar Ratio | -0.08 | -0.16 |
| Martin Ratio | -0.52 | -0.75 |
| Ulcer Index | 11.51% | 11.55% |
| Daily Std Dev | 26.88% | 25.80% |
| Max Drawdown | -94.24% | -86.77% |
| Current Drawdown | -73.53% | -50.73% |
Correlation
The correlation between OIH and BZ=F is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OIH vs. BZ=F - Performance Comparison
In the year-to-date period, OIH achieves a -3.82% return, which is significantly higher than BZ=F's -6.57% return. Over the past 10 years, OIH has underperformed BZ=F with an annualized return of -8.70%, while BZ=F has yielded a comparatively higher -0.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OIH vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and Crude Oil Brent (BZ=F). 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.
Drawdowns
OIH vs. BZ=F - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.24%, which is greater than BZ=F's maximum drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for OIH and BZ=F. For additional features, visit the drawdowns tool.
Volatility
OIH vs. BZ=F - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 9.90% compared to Crude Oil Brent (BZ=F) at 8.83%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.