OIH vs. PSCE
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and Invesco S&P SmallCap Energy ETF (PSCE).
OIH and PSCE 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. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010. Both OIH and PSCE 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. PSCE - Performance Comparison
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OIH vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 41.94% | 6.81% | -10.53% | 3.20% | 66.17% | 21.22% | -41.19% | -3.54% | -45.03% | -19.66% |
PSCE Invesco S&P SmallCap Energy ETF | 42.67% | -9.00% | -5.47% | 5.07% | 48.45% | 59.85% | -40.31% | -14.93% | -42.98% | -26.70% |
Returns By Period
The year-to-date returns for both investments are quite close, with OIH having a 41.94% return and PSCE slightly higher at 42.67%. Over the past 10 years, OIH has underperformed PSCE with an annualized return of -0.81%, while PSCE has yielded a comparatively higher -0.66% annualized return.
OIH
- 1D
- 0.57%
- 1M
- 1.82%
- YTD
- 41.94%
- 6M
- 58.22%
- 1Y
- 56.88%
- 3Y*
- 15.38%
- 5Y*
- 17.15%
- 10Y*
- -0.81%
PSCE
- 1D
- -0.78%
- 1M
- 10.75%
- YTD
- 42.67%
- 6M
- 44.85%
- 1Y
- 49.10%
- 3Y*
- 12.00%
- 5Y*
- 14.91%
- 10Y*
- -0.66%
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OIH vs. PSCE - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is higher than PSCE's 0.29% expense ratio.
Return for Risk
OIH vs. PSCE — Risk / Return Rank
OIH
PSCE
OIH vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and Invesco S&P SmallCap Energy ETF (PSCE). 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 | PSCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.39 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.82 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.94 | +0.25 |
Martin ratioReturn relative to average drawdown | 6.08 | 6.52 | -0.43 |
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 | PSCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.39 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.39 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.02 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.09 | +0.09 |
Correlation
The correlation between OIH and PSCE is 0.89, 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. PSCE - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.20%, less than PSCE's 1.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 1.20% | 1.71% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.10% | 2.13% | 2.60% | 1.40% | 2.39% |
PSCE Invesco S&P SmallCap Energy ETF | 1.83% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
Drawdowns
OIH vs. PSCE - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.45%, roughly equal to the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for OIH and PSCE.
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Drawdown Indicators
| OIH | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.45% | -96.21% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -25.44% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -43.80% | -45.42% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -89.62% | -90.70% | +1.08% |
Current DrawdownCurrent decline from peak | -64.00% | -74.65% | +10.65% |
Average DrawdownAverage peak-to-trough decline | -48.75% | -58.66% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 7.59% | +1.84% |
Volatility
OIH vs. PSCE - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 8.77% compared to Invesco S&P SmallCap Energy ETF (PSCE) at 5.33%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than PSCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIH | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 5.33% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.77% | 18.54% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.02% | 35.47% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.49% | 38.21% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.50% | 43.44% | -0.94% |