OIH vs. TEXU
OIH (VanEck Oil Services ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - OIH is a Energy Equities fund tracking the MVIS US Listed Oil Services 25 Index, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. OIH charges 0.35%/yr vs 0.98%/yr for TEXU.
Performance
OIH vs. TEXU - Performance Comparison
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Returns By Period
In the year-to-date period, OIH achieves a 34.19% return, which is significantly lower than TEXU's 57.63% return.
OIH
- 1D
- -0.70%
- 1M
- 6.27%
- 6M
- 9.53%
- YTD
- 34.19%
- 1Y
- 65.42%
- 3Y*
- 5.59%
- 5Y*
- 18.06%
- 10Y*
- -2.24%
- ALL TIME*
- -0.07%
TEXU
- 1D
- -2.42%
- 1M
- 18.00%
- 6M
- 30.06%
- YTD
- 57.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $100.78M | $109.60M | $140.77M | |
| $73.06K | $89.46K | $93.15K |
OIH vs. TEXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OIH VanEck Oil Services ETF | 34.19% | 11.47% |
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 57.63% | -1.42% |
Correlation
The correlation between OIH and TEXU is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.65 |
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Return for Risk
OIH vs. TEXU — Risk / Return Rank
OIH
TEXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OIH vs. TEXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Services ETF (OIH) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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.
| OIH | TEXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | — | — |
| Martin ratioReturn relative to average drawdown | 9.62 | — | — |
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Drawdowns
OIH vs. TEXU - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.45%, which is greater than TEXU's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for OIH and TEXU.
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Drawdown Indicators
| OIH | TEXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.45% | -31.71% | -62.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.78% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -43.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.62% | — | — |
Current DrawdownCurrent decline from peak | -65.97% | -17.99% | -47.98% |
Average DrawdownAverage peak-to-trough decline | -48.94% | -8.71% | -40.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | — | — |
Volatility
OIH vs. TEXU - Volatility Comparison
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Volatility by Period
| OIH | TEXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.39% | 40.88% | -11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.47% | 40.88% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.31% | 40.88% | +1.43% |
OIH vs. TEXU - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than TEXU's 0.98% expense ratio.
Dividends
OIH vs. TEXU - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.27%, less than TEXU's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Oil Services ETF | 1.27% | 1.71% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.10% | 2.13% | 2.60% | 1.40% | 2.39% |
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 1.40% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OIH and TEXU have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OIH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OIH is cheaper with a 0.35% expense ratio, compared with 0.98% for TEXU.
TEXU has the higher dividend yield at 1.40%, compared with 1.27% for OIH.
OIH is categorized as Energy Equities, while TEXU is Leveraged Equities. OIH tracks MVIS US Listed Oil Services 25 Index, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: VanEck and Direxion. Their fees differ too: 0.35% for OIH and 0.98% for TEXU.
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