OIH vs. SOXL
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
OIH and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both OIH and SOXL 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 SOXL.
Key characteristics
| OIH | SOXL | |
|---|---|---|
| YTD Return | -3.82% | -4.93% |
| 1Y Return | -7.52% | 35.13% |
| 3Y Return (Ann) | 14.31% | -21.83% |
| 5Y Return (Ann) | 6.39% | 14.52% |
| 10Y Return (Ann) | -8.70% | 32.97% |
| Sharpe Ratio | -0.22 | 0.49 |
| Sortino Ratio | -0.14 | 1.29 |
| Omega Ratio | 0.98 | 1.17 |
| Calmar Ratio | -0.08 | 0.70 |
| Martin Ratio | -0.52 | 1.61 |
| Ulcer Index | 11.51% | 30.74% |
| Daily Std Dev | 26.88% | 100.76% |
| Max Drawdown | -94.24% | -90.46% |
| Current Drawdown | -73.53% | -58.48% |
Correlation
The correlation between OIH and SOXL is 0.44, 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. SOXL - Performance Comparison
In the year-to-date period, OIH achieves a -3.82% return, which is significantly higher than SOXL's -4.93% return. Over the past 10 years, OIH has underperformed SOXL with an annualized return of -8.70%, while SOXL has yielded a comparatively higher 32.97% 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. SOXL - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
OIH vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.42%, more than SOXL's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 1.42% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.03% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
OIH vs. SOXL - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.24%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for OIH and SOXL. For additional features, visit the drawdowns tool.
Volatility
OIH vs. SOXL - Volatility Comparison
The current volatility for VanEck Vectors Oil Services ETF (OIH) is 10.41%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that OIH experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.