OIH vs. XOP
Compare and contrast key facts about VanEck Vectors Oil Services ETF (OIH) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
OIH and XOP 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both OIH and XOP 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 XOP.
Key characteristics
| OIH | XOP | |
|---|---|---|
| YTD Return | -2.41% | 4.59% |
| 1Y Return | -4.65% | 4.36% |
| 3Y Return (Ann) | 14.89% | 12.26% |
| 5Y Return (Ann) | 7.15% | 12.92% |
| 10Y Return (Ann) | -8.57% | -3.52% |
| Sharpe Ratio | -0.15 | 0.23 |
| Sortino Ratio | -0.02 | 0.47 |
| Omega Ratio | 1.00 | 1.06 |
| Calmar Ratio | -0.05 | 0.09 |
| Martin Ratio | -0.35 | 0.54 |
| Ulcer Index | 11.47% | 9.62% |
| Daily Std Dev | 26.85% | 22.21% |
| Max Drawdown | -94.24% | -90.27% |
| Current Drawdown | -73.14% | -49.53% |
Correlation
The correlation between OIH and XOP is 0.86, 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.
Performance
OIH vs. XOP - Performance Comparison
In the year-to-date period, OIH achieves a -2.41% return, which is significantly lower than XOP's 4.59% return. Over the past 10 years, OIH has underperformed XOP with an annualized return of -8.57%, while XOP has yielded a comparatively higher -3.52% 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. XOP - Expense Ratio Comparison
Both OIH and XOP have an expense ratio of 0.35%.
Risk-Adjusted Performance
OIH vs. XOP - 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 Exploration & Production ETF (XOP). 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. XOP - Dividend Comparison
OIH's dividend yield for the trailing twelve months is around 1.40%, less than XOP's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIH VanEck Vectors Oil Services ETF | 1.40% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.46% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
Drawdowns
OIH vs. XOP - Drawdown Comparison
The maximum OIH drawdown since its inception was -94.24%, roughly equal to the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for OIH and XOP. For additional features, visit the drawdowns tool.
Volatility
OIH vs. XOP - Volatility Comparison
VanEck Vectors Oil Services ETF (OIH) has a higher volatility of 11.07% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.95%. This indicates that OIH's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.