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OIH vs. IXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OIH vs. IXC

Last updated Jun 23, 2026

OIH (VanEck Oil Services ETF) and IXC (iShares Global Energy ETF) are both Energy Equities funds - OIH tracks the MVIS US Listed Oil Services 25 Index while IXC tracks the S&P Global 1200 Energy Capped Index. Both are passively managed. Over the past 10 years, OIH returned -2.21%/yr vs 9.33%/yr for IXC. Their correlation of 0.83 suggests significant overlap in exposure. OIH charges 0.35%/yr vs 0.40%/yr for IXC.

Performance

OIH vs. IXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Oil Services ETF (OIH) and iShares Global Energy ETF (IXC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, OIH achieves a 36.57% return, which is significantly higher than IXC's 21.76% return. Over the past 10 years, OIH has underperformed IXC with an annualized return of -2.21%, while IXC has yielded a comparatively higher 9.33% annualized return.

OIH

1D
0.89%
1M
-12.40%
YTD
36.57%
6M
36.72%
1Y
62.91%
3Y*
15.27%
5Y*
12.92%
10Y*
-2.21%

IXC

1D
1.08%
1M
-9.08%
YTD
21.76%
6M
23.49%
1Y
28.26%
3Y*
16.21%
5Y*
17.91%
10Y*
9.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OIH vs. IXC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OIH
VanEck Oil Services ETF		36.57%6.81%-10.53%3.20%66.17%21.22%-41.19%-3.54%-45.03%-19.66%
IXC
iShares Global Energy ETF		21.76%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%

Correlation

The correlation between OIH and IXC is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2001

0.83

The correlation between OIH and IXC shifts across timeframes, from 0.73 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.

OIH vs. IXC - Sectors Allocation Comparison

Sectors
OIH
IXC

Energy

97.6%
100.0%

Utilities

1.9%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Energy

OIH
97.6%
IXC
100.0%

Utilities

OIH
1.9%
IXC

-

Basic Materials

OIH

-

IXC

-

Communication Services

OIH

-

IXC

-

Consumer Cyclical

OIH

-

IXC

-

Consumer Defensive

OIH

-

IXC

-

Financial Services

OIH

-

IXC

-

Healthcare

OIH

-

IXC

-

Industrials

OIH

-

IXC

-

Real Estate

OIH

-

IXC

-

Technology

OIH

-

IXC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Oil Services ETF

iShares Global Energy ETF

Often compared with OIH:
OIH vs. XLEOIH vs. XOPOIH vs. XESOIH vs. IYEOIH vs. BZ=FOIH vs. DIGOIH vs. DBO
Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. IUES.LIXC vs. DDMIXC vs. XDW0.DEIXC vs. PXE

Return for Risk

OIH vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OIH
OIH Risk / Return Rank: 6868
Overall Rank
OIH Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
OIH Sortino Ratio Rank: 5959
Sortino Ratio Rank
OIH Omega Ratio Rank: 5555
Omega Ratio Rank
OIH Calmar Ratio Rank: 8282
Calmar Ratio Rank
OIH Martin Ratio Rank: 8080
Martin Ratio Rank
IXC
IXC Risk / Return Rank: 4343
Overall Rank
IXC Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 4040
Sortino Ratio Rank
IXC Omega Ratio Rank: 3939
Omega Ratio Rank
IXC Calmar Ratio Rank: 4444
Calmar Ratio Rank
IXC Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OIH vs. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Services ETF (OIH) and iShares Global Energy ETF (IXC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

OIHIXCDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.48

+0.60

Sortino ratioReturn per unit of downside risk
2.72
1.99

+0.73

Omega ratioGain probability vs. loss probability

1.33

1.25

+0.08

Calmar ratioReturn relative to maximum drawdown

4.19

2.13

+2.06

Martin ratioReturn relative to average drawdown

15.08

7.61

+7.47

OIH vs. IXC - Sharpe Ratio Comparison

The current OIH Sharpe Ratio is 2.08, which is higher than the IXC Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of OIH and IXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

OIH vs. IXC - Drawdown Comparison

The maximum OIH drawdown since its inception was -94.45%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for OIH and IXC.

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Drawdown Indicators

OIHIXCDifference

Max Drawdown

Largest peak-to-trough decline

-94.45%

-67.88%

-26.57%

Max Drawdown (1Y)

Largest decline over 1 year

-15.08%

-13.31%

-1.77%

Max Drawdown (3Y)

Largest decline over 3 years

-43.80%

-19.06%

-24.74%

Max Drawdown (5Y)

Largest decline over 5 years

-43.80%

-24.93%

-18.87%

Max Drawdown (10Y)

Largest decline over 10 years

-89.62%

-64.16%

-25.46%

Current Drawdown

Current decline from peak

-65.37%

-12.37%

-53.00%

Average Drawdown

Average peak-to-trough decline

-48.86%

-17.46%

-31.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.26%

3.76%

+0.50%

Volatility

OIH vs. IXC - Volatility Comparison

VanEck Oil Services ETF (OIH) has a higher volatility of 10.15% compared to iShares Global Energy ETF (IXC) at 6.48%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OIHIXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.15%

6.48%

+3.67%

Volatility (6M)

Calculated over the trailing 6-month period

21.17%

15.81%

+5.36%

Volatility (1Y)

Calculated over the trailing 1-year period

30.42%

19.19%

+11.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.79%

23.48%

+13.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.42%

26.87%

+15.55%

OIH vs. IXC - Expense Ratio Comparison

OIH has a 0.35% expense ratio, which is lower than IXC's 0.40% expense ratio.

Dividends

OIH vs. IXC - Dividend Comparison

OIH's dividend yield for the trailing twelve months is around 1.25%, less than IXC's 3.12% yield.

PositionTTM20252024202320222021202020192018201720162015
IXC
iShares Global Energy ETF		3.12%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%
OIH
VanEck Oil Services ETF		1.25%1.71%2.01%1.36%0.95%0.98%1.23%2.10%2.13%2.60%1.40%2.39%

Frequently Asked Questions

OIH and IXC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OIH has higher volatility (10.15%) compared to IXC (6.48%). In terms of maximum drawdown, OIH dropped -94.45% vs IXC's -67.88%.

On 10-year performance, IXC leads with 9.33% vs -2.21% for OIH. On fees, OIH is cheaper at 0.35% per year. On volatility, IXC has been the lower-risk option at 6.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IXC has performed better with a 9.33% return vs -2.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

OIH is cheaper with a 0.35% expense ratio, compared with 0.40% for IXC.

IXC has the higher dividend yield at 3.12%, compared with 1.25% for OIH.

OIH tracks MVIS US Listed Oil Services 25 Index, while IXC tracks S&P Global 1200 Energy Capped Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for OIH and 0.40% for IXC.

OIH currently has the higher Sharpe Ratio (2.08 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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