OIH vs. UCO
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and ProShares Ultra Bloomberg Crude Oil (UCO).
OIH and UCO 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. UCO is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Crude Oil Sub-Index (200%). It was launched on Nov 24, 2008. Both OIH and UCO 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 UCO.
Correlation
The correlation between OIH and UCO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OIH vs. UCO - Performance Comparison
Key characteristics
OIH:
-0.90
UCO:
-0.71
OIH:
-1.17
UCO:
-0.83
OIH:
0.84
UCO:
0.90
OIH:
-0.40
UCO:
-0.35
OIH:
-2.01
UCO:
-1.61
OIH:
16.14%
UCO:
21.72%
OIH:
36.23%
UCO:
49.33%
OIH:
-94.24%
UCO:
-99.95%
OIH:
-80.37%
UCO:
-99.65%
Returns By Period
The year-to-date returns for both investments are quite close, with OIH having a -20.26% return and UCO slightly higher at -20.18%. Over the past 10 years, OIH has outperformed UCO with an annualized return of -10.17%, while UCO has yielded a comparatively lower -27.83% annualized return.
OIH
-20.26%
-18.94%
-20.79%
-32.30%
19.12%
-10.17%
UCO
-20.18%
-16.51%
-20.47%
-35.80%
39.76%
-27.83%
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OIH vs. UCO - Expense Ratio Comparison
OIH has a 0.35% expense ratio, which is lower than UCO's 0.95% expense ratio.
Risk-Adjusted Performance
OIH vs. UCO — Risk-Adjusted Performance Rank
OIH
UCO
OIH vs. UCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and ProShares Ultra Bloomberg Crude Oil (UCO). 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. UCO - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 2.51%, while UCO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 2.51% | 2.01% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OIH vs. UCO - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.24%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for OIH and UCO. For additional features, visit the drawdowns tool.
Volatility
OIH vs. UCO - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) and ProShares Ultra Bloomberg Crude Oil (UCO) have volatilities of 24.95% and 24.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.