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OIH vs. XES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OIH and XES is 0.57, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

OIH vs. XES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Oil Services ETF (OIH) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

-75.00%-70.00%-65.00%-60.00%-55.00%-50.00%NovemberDecember2025FebruaryMarchApril
-65.34%
-74.76%
OIH
XES

Key characteristics

Sharpe Ratio

OIH:

-0.90

XES:

-0.89

Sortino Ratio

OIH:

-1.17

XES:

-1.15

Omega Ratio

OIH:

0.84

XES:

0.84

Calmar Ratio

OIH:

-0.40

XES:

-0.40

Martin Ratio

OIH:

-2.01

XES:

-1.88

Ulcer Index

OIH:

16.14%

XES:

18.66%

Daily Std Dev

OIH:

36.23%

XES:

39.52%

Max Drawdown

OIH:

-94.24%

XES:

-95.65%

Current Drawdown

OIH:

-80.37%

XES:

-86.27%

Returns By Period

In the year-to-date period, OIH achieves a -20.26% return, which is significantly higher than XES's -24.71% return. Over the past 10 years, OIH has outperformed XES with an annualized return of -10.17%, while XES has yielded a comparatively lower -13.41% annualized return.


OIH

YTD

-20.26%

1M

-18.94%

6M

-20.79%

1Y

-32.30%

5Y*

19.12%

10Y*

-10.17%

XES

YTD

-24.71%

1M

-18.94%

6M

-24.43%

1Y

-34.65%

5Y*

19.20%

10Y*

-13.41%

*Annualized

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OIH vs. XES - Expense Ratio Comparison

Both OIH and XES have an expense ratio of 0.35%.


Expense ratio chart for OIH: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
OIH: 0.35%
Expense ratio chart for XES: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XES: 0.35%

Risk-Adjusted Performance

OIH vs. XES — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OIH
The Risk-Adjusted Performance Rank of OIH is 11
Overall Rank
The Sharpe Ratio Rank of OIH is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of OIH is 11
Sortino Ratio Rank
The Omega Ratio Rank of OIH is 11
Omega Ratio Rank
The Calmar Ratio Rank of OIH is 44
Calmar Ratio Rank
The Martin Ratio Rank of OIH is 00
Martin Ratio Rank

XES
The Risk-Adjusted Performance Rank of XES is 11
Overall Rank
The Sharpe Ratio Rank of XES is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of XES is 11
Sortino Ratio Rank
The Omega Ratio Rank of XES is 11
Omega Ratio Rank
The Calmar Ratio Rank of XES is 33
Calmar Ratio Rank
The Martin Ratio Rank of XES is 00
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OIH vs. XES - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Oil Services ETF (OIH) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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.


The chart of Sharpe ratio for OIH, currently valued at -0.90, compared to the broader market-1.000.001.002.003.004.00
OIH: -0.90
XES: -0.89
The chart of Sortino ratio for OIH, currently valued at -1.17, compared to the broader market-2.000.002.004.006.008.00
OIH: -1.17
XES: -1.15
The chart of Omega ratio for OIH, currently valued at 0.84, compared to the broader market0.501.001.502.002.50
OIH: 0.84
XES: 0.84
The chart of Calmar ratio for OIH, currently valued at -0.40, compared to the broader market0.002.004.006.008.0010.0012.00
OIH: -0.40
XES: -0.40
The chart of Martin ratio for OIH, currently valued at -2.01, compared to the broader market0.0020.0040.0060.00
OIH: -2.01
XES: -1.88

The current OIH Sharpe Ratio is -0.90, which is comparable to the XES Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of OIH and XES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.90
-0.89
OIH
XES

Dividends

OIH vs. XES - Dividend Comparison

OIH's dividend yield for the trailing twelve months is around 2.51%, more than XES's 1.98% yield.


TTM20242023202220212020201920182017201620152014
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%
XES
SPDR S&P Oil & Gas Equipment & Services ETF
1.98%1.32%0.66%0.36%1.81%1.33%1.43%1.15%1.68%0.64%2.47%1.60%

Drawdowns

OIH vs. XES - Drawdown Comparison

The maximum OIH drawdown since its inception was -94.24%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for OIH and XES. For additional features, visit the drawdowns tool.


-85.00%-80.00%-75.00%NovemberDecember2025FebruaryMarchApril
-80.37%
-86.27%
OIH
XES

Volatility

OIH vs. XES - Volatility Comparison

The current volatility for VanEck Vectors Oil Services ETF (OIH) is 24.95%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 26.72%. This indicates that OIH experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
24.95%
26.72%
OIH
XES