Correlation
The correlation between OIH and BZ=F is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
OIH vs. BZ=F - Performance Comparison
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Key characteristics
OIH:
-0.82
BZ=F:
-0.81
OIH:
-1.09
BZ=F:
-1.06
OIH:
0.85
BZ=F:
0.88
OIH:
-0.38
BZ=F:
-0.40
OIH:
-1.63
BZ=F:
-1.43
OIH:
19.06%
BZ=F:
16.47%
OIH:
36.59%
BZ=F:
28.30%
OIH:
-94.24%
BZ=F:
-86.77%
OIH:
-80.33%
BZ=F:
-57.09%
Returns By Period
In the year-to-date period, OIH achieves a -20.13% return, which is significantly lower than BZ=F's -16.01% return. Over the past 10 years, OIH has underperformed BZ=F with an annualized return of -10.10%, while BZ=F has yielded a comparatively higher -0.44% annualized return.
OIH
-20.13%
3.63%
-27.07%
-29.79%
-8.27%
14.29%
-10.10%
BZ=F
-16.01%
-0.68%
-14.05%
-23.42%
-20.09%
12.15%
-0.44%
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Risk-Adjusted Performance
OIH vs. BZ=F — Risk-Adjusted Performance Rank
OIH
BZ=F
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.
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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.
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Volatility
OIH vs. BZ=F - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 8.38% compared to Crude Oil Brent (BZ=F) at 7.22%. 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.
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