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.
Performance
OIH vs. DBO - Performance Comparison
Loading graphics...
OIH vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 39.12% | 6.81% | -10.53% | 3.20% | 66.17% | 21.22% | -41.19% | -3.54% | -45.03% | -19.66% |
DBO Invesco DB Oil Fund | 55.98% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Returns By Period
In the year-to-date period, OIH achieves a 39.12% return, which is significantly lower than DBO's 55.98% return. Over the past 10 years, OIH has underperformed DBO with an annualized return of -1.01%, while DBO has yielded a comparatively higher 11.62% annualized return.
OIH
- 1D
- -1.99%
- 1M
- 0.18%
- YTD
- 39.12%
- 6M
- 52.22%
- 1Y
- 51.45%
- 3Y*
- 14.61%
- 5Y*
- 16.68%
- 10Y*
- -1.01%
DBO
- 1D
- -3.25%
- 1M
- 23.41%
- YTD
- 55.98%
- 6M
- 47.63%
- 1Y
- 37.53%
- 3Y*
- 14.00%
- 5Y*
- 14.79%
- 10Y*
- 11.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OIH vs. DBO - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than DBO's 0.78% expense ratio.
Return for Risk
OIH vs. DBO — Risk / Return Rank
OIH
DBO
OIH vs. DBO - Risk-Adjusted Trends 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.
| OIH | DBO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.05 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.62 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.06 | -0.01 |
Martin ratioReturn relative to average drawdown | 5.70 | 3.69 | +2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| OIH | DBO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.05 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.47 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.37 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.01 | 0.00 |
Correlation
The correlation between OIH and DBO is 0.60, 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.
Dividends
OIH vs. DBO - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.23%, less than DBO's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 1.23% | 1.71% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.10% | 2.13% | 2.60% | 1.40% | 2.39% |
DBO Invesco DB Oil Fund | 2.25% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
OIH vs. DBO - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.45%, 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.
Loading graphics...
Drawdown Indicators
| OIH | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.45% | -90.18% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -18.19% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -43.80% | -37.68% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -89.62% | -61.69% | -27.93% |
Current DrawdownCurrent decline from peak | -64.72% | -58.95% | -5.77% |
Average DrawdownAverage peak-to-trough decline | -48.75% | -62.32% | +13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 10.16% | -0.73% |
Volatility
OIH vs. DBO - Volatility Comparison
The current volatility for VanEck Vectors Oil Services ETF (OIH) is 8.53%, while Invesco DB Oil Fund (DBO) has a volatility of 16.15%. This indicates that OIH experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| OIH | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 16.15% | -7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 25.38% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.09% | 36.04% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.48% | 31.73% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.49% | 31.53% | +10.96% |