OIH vs. GNR
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and SPDR S&P Global Natural Resources ETF (GNR).
OIH and GNR 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. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. Both OIH and GNR 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. GNR - Performance Comparison
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OIH vs. GNR - 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% |
GNR SPDR S&P Global Natural Resources ETF | 19.84% | 28.68% | -8.27% | 2.95% | 10.20% | 24.73% | -0.03% | 16.49% | -13.19% | 22.64% |
Returns By Period
In the year-to-date period, OIH achieves a 39.12% return, which is significantly higher than GNR's 19.84% return. Over the past 10 years, OIH has underperformed GNR with an annualized return of -1.01%, while GNR has yielded a comparatively higher 11.63% 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%
GNR
- 1D
- -0.27%
- 1M
- -1.86%
- YTD
- 19.84%
- 6M
- 27.71%
- 1Y
- 43.54%
- 3Y*
- 13.30%
- 5Y*
- 11.99%
- 10Y*
- 11.63%
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OIH vs. GNR - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than GNR's 0.40% expense ratio.
Return for Risk
OIH vs. GNR — Risk / Return Rank
OIH
GNR
OIH vs. GNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and SPDR S&P Global Natural Resources ETF (GNR). 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 | GNR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.11 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.71 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.98 | -0.92 |
Martin ratioReturn relative to average drawdown | 5.70 | 15.59 | -9.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OIH | GNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.11 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.53 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.26 | -0.27 |
Correlation
The correlation between OIH and GNR is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OIH vs. GNR - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.23%, less than GNR's 2.31% 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% |
GNR SPDR S&P Global Natural Resources ETF | 2.31% | 2.76% | 4.73% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% |
Drawdowns
OIH vs. GNR - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.45%, which is greater than GNR's maximum drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for OIH and GNR.
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Drawdown Indicators
| OIH | GNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.45% | -51.37% | -43.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -14.80% | -11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -43.80% | -25.66% | -18.14% |
Max Drawdown (10Y)Largest decline over 10 years | -89.62% | -48.59% | -41.03% |
Current DrawdownCurrent decline from peak | -64.72% | -1.86% | -62.86% |
Average DrawdownAverage peak-to-trough decline | -48.75% | -15.10% | -33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 2.83% | +6.60% |
Volatility
OIH vs. GNR - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 8.53% compared to SPDR S&P Global Natural Resources ETF (GNR) at 5.51%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than GNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIH | GNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 5.51% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 13.76% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.09% | 20.70% | +17.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.48% | 20.35% | +17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.49% | 22.01% | +20.48% |