OILT vs. OIH

Last updated Jun 4, 2026

OILT (Texas Capital Texas Oil Index ETF) and OIH (VanEck Vectors Oil Services ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past year, OILT returned 47.26% vs 92.96% for OIH. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

OILT vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) and VanEck Vectors Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILT achieves a 35.33% return, which is significantly lower than OIH's 51.43% return.

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: 0.18%
• 1M: -2.77%
• YTD: 51.43%
• 6M: 43.87%
• 1Y: 92.96%
• 3Y*: 18.56%
• 5Y*: 13.62%
• 10Y*: -0.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OILT vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILT Texas Capital Texas Oil Index ETF	35.33%	-3.30%	0.87%	-0.16%
OIH VanEck Vectors Oil Services ETF	51.43%	6.81%	-10.53%	-0.79%

Correlation

The correlation between OILT and OIH is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 22, 2023	0.76

The correlation between OILT and OIH has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

OILT vs. OIH - Sectors Allocation Comparison

Sectors	OILT	OIH
Energy	94.2%	98.0%
Utilities	5.8%	1.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

OILT vs. OIH — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

OIH

OIH Risk / Return Rank: 89
OIH Sharpe Ratio Rank: 90
OIH Sortino Ratio Rank: 85
OIH Omega Ratio Rank: 79
OIH Calmar Ratio Rank: 96
OIH Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OILT vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) and VanEck Vectors Oil Services ETF (OIH). 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.

	OILT	OIH	Difference
Sharpe ratio: Return per unit of total volatility	1.70	3.19	-1.49
Sortino ratio: Return per unit of downside risk	2.25	3.87	-1.62
Omega ratio: Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio: Return relative to maximum drawdown	3.44	9.80	-6.36
Martin ratio: Return relative to average drawdown	8.37	24.42	-16.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILT vs. OIH - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.70, which is lower than the OIH Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of OILT and OIH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OILT	OIH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	3.19	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.01	+0.41

Drawdowns

OILT vs. OIH - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for OILT and OIH.

Drawdown Indicators

	OILT	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-94.45%	+59.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-9.54%	-4.25%
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 Drawdown Current decline from peak	-8.67%	-61.60%	+52.93%
Average Drawdown Average peak-to-trough decline	-12.93%	-48.84%	+35.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.66%	3.82%	+1.84%

Volatility

OILT vs. OIH - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) has a higher volatility of 9.94% compared to VanEck Vectors Oil Services ETF (OIH) at 7.95%. This indicates that OILT's price experiences larger fluctuations and is considered to be riskier than OIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	7.95%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	21.13%	20.36%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	29.49%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	36.79%	-8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	42.41%	-13.69%

OILT vs. OIH - Expense Ratio Comparison

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

Dividends

OILT vs. OIH - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.43%, more than OIH's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIH VanEck Vectors Oil Services ETF	1.13%	1.71%	2.01%	1.36%	0.95%	0.98%	1.23%	2.10%	2.13%	2.60%	1.40%	2.39%
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILT and OIH in my portfolio?

OILT and OIH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILT or OIH?

OILT has higher volatility (9.94%) compared to OIH (7.95%). In terms of maximum drawdown, OILT dropped -35.21% vs OIH's -94.45%.

Which ETF is better, OILT or OIH?

On 1-year performance, OIH leads with 92.96% vs 47.26% for OILT. Both ETFs have the same 0.35% expense ratio. On volatility, OIH has been the lower-risk option at 7.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or OIH?

Over the 1-year period, OIH has performed better with a 92.96% return vs 47.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or OIH?

OILT and OIH have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, OILT or OIH?

OILT has the higher dividend yield at 2.43%, compared with 1.13% for OIH.

What is the main difference between OILT and OIH?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: Texas Capital and VanEck.

Which has better risk-adjusted returns?

OIH currently has the higher Sharpe Ratio (3.19 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.