OIH vs. DBO
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and Invesco DB Oil Fund (DBO).
OIH and DBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DBO is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Crude Oil Index Excess Return. It was launched on Jan 5, 2007. Both OIH and DBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIH or DBO.
Key characteristics
| OIH | DBO | |
|---|---|---|
| YTD Return | -2.41% | 1.29% |
| 1Y Return | -4.65% | -8.44% |
| 3Y Return (Ann) | 14.89% | 0.17% |
| 5Y Return (Ann) | 7.15% | 8.42% |
| 10Y Return (Ann) | -8.57% | -3.87% |
| Sharpe Ratio | -0.15 | -0.28 |
| Sortino Ratio | -0.02 | -0.23 |
| Omega Ratio | 1.00 | 0.97 |
| Calmar Ratio | -0.05 | -0.10 |
| Martin Ratio | -0.35 | -0.97 |
| Ulcer Index | 11.47% | 7.25% |
| Daily Std Dev | 26.85% | 24.61% |
| Max Drawdown | -94.24% | -90.18% |
| Current Drawdown | -73.14% | -72.01% |
Correlation
The correlation between OIH and DBO is 0.61, 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. DBO - Performance Comparison
In the year-to-date period, OIH achieves a -2.41% return, which is significantly lower than DBO's 1.29% return. Over the past 10 years, OIH has underperformed DBO with an annualized return of -8.57%, while DBO has yielded a comparatively higher -3.87% 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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OIH vs. DBO - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than DBO's 0.78% expense ratio.
Risk-Adjusted Performance
OIH vs. DBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and Invesco DB Oil Fund (DBO). 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.
Dividends
OIH vs. DBO - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.40%, less than DBO's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 1.40% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
DBO Invesco DB Oil Fund | 4.54% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OIH vs. DBO - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.24%, roughly equal to the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for OIH and DBO. For additional features, visit the drawdowns tool.
Volatility
OIH vs. DBO - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 11.07% compared to Invesco DB Oil Fund (DBO) at 10.05%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.