OIS vs. OII
OIS (Oil States International, Inc.) and OII (Oceaneering International, Inc.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, OIS returned -12.68%/yr vs 5.94%/yr for OII. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
OIS vs. OII - Performance Comparison
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Returns By Period
In the year-to-date period, OIS achieves a 21.71% return, which is significantly lower than OII's 102.75% return. Over the past 10 years, OIS has underperformed OII with an annualized return of -12.68%, while OII has yielded a comparatively higher 5.94% annualized return.
OIS
- 1D
- 1.60%
- 1M
- 6.74%
- 6M
- -2.83%
- YTD
- 21.71%
- 1Y
- 68.85%
- 3Y*
- 1.76%
- 5Y*
- 8.98%
- 10Y*
- -12.68%
- ALL TIME*
- 1.86%
OII
- 1D
- -0.12%
- 1M
- 26.55%
- 6M
- 59.58%
- YTD
- 102.75%
- 1Y
- 130.14%
- 3Y*
- 31.51%
- 5Y*
- 32.45%
- 10Y*
- 5.94%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.56M | $54.59M | $45.57M | |
| $5.77M | $5.47M | $6.82M |
OIS vs. OII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIS Oil States International, Inc. | 21.71% | 33.79% | -25.48% | -8.98% | 50.10% | -1.00% | -69.22% | 14.22% | -49.54% | -27.44% |
OII Oceaneering International, Inc. | 102.75% | -7.86% | 22.56% | 21.67% | 54.64% | 42.26% | -46.68% | 23.22% | -42.76% | -23.73% |
Correlation
The correlation between OIS and OII is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2001 | 0.66 |
The correlation between OIS and OII shifts across timeframes, from 0.58 (1 year) to 0.73 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
OIS:
$495.99M
OII:
$4.85B
OIS:
-$1.85
OII:
$3.47
OIS:
0.77
OII:
1.71
OIS:
0.83
OII:
4.19
OIS:
$621.87M
OII:
$2.87B
OIS:
$76.67M
OII:
$569.26M
OIS:
-$71.74M
OII:
$414.32M
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Return for Risk
OIS vs. OII — Risk / Return Rank
OIS
OII
OIS vs. OII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oil States International, Inc. (OIS) and Oceaneering International, Inc. (OII). 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.
| OIS | OII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 8.57 | -7.11 |
| Martin ratioReturn relative to average drawdown | 3.07 | 21.37 | -18.30 |
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Drawdowns
OIS vs. OII - Drawdown Comparison
The maximum OIS drawdown since its inception was -97.45%, roughly equal to the maximum OII drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for OIS and OII.
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Drawdown Indicators
| OIS | OII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.45% | -97.37% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -47.32% | -15.27% | -32.05% |
Max Drawdown (3Y)Largest decline over 3 years | -62.90% | -47.84% | -15.06% |
Max Drawdown (5Y)Largest decline over 5 years | -68.72% | -57.97% | -10.75% |
Max Drawdown (10Y)Largest decline over 10 years | -95.95% | -93.29% | -2.66% |
Current DrawdownCurrent decline from peak | -87.39% | -38.35% | -49.04% |
Average DrawdownAverage peak-to-trough decline | -45.62% | -38.56% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.52% | 6.11% | +16.41% |
Volatility
OIS vs. OII - Volatility Comparison
The current volatility for Oil States International, Inc. (OIS) is 13.75%, while Oceaneering International, Inc. (OII) has a volatility of 16.33%. This indicates that OIS experiences smaller price fluctuations and is considered to be less risky than OII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIS | OII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.75% | 16.33% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 43.29% | 35.14% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.80% | 44.41% | +10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.65% | 51.09% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.13% | 63.01% | +1.12% |
Dividends
OIS vs. OII - Dividend Comparison
Neither OIS nor OII has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OII Oceaneering International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.13% | 3.40% | 2.88% |
OIS Oil States International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OIS vs. OII - Financials Comparison
This section allows you to compare key financial metrics between Oil States International, Inc. and Oceaneering International, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OIS vs. OII - Profitability Comparison
OIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported a gross profit of 14.91M and revenue of 132.86M. Therefore, the gross margin over that period was 11.2%.
OII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Oceaneering International, Inc. reported a gross profit of 156.98M and revenue of 768.18M. Therefore, the gross margin over that period was 20.4%.
OIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported an operating income of -8.22M and revenue of 132.86M, resulting in an operating margin of -6.2%.
OII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Oceaneering International, Inc. reported an operating income of 88.24M and revenue of 768.18M, resulting in an operating margin of 11.5%.
OIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported a net income of 5.91M and revenue of 132.86M, resulting in a net margin of 4.5%.
OII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Oceaneering International, Inc. reported a net income of 65.02M and revenue of 768.18M, resulting in a net margin of 8.5%.
Frequently Asked Questions
OIS and OII have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OII has higher volatility (16.33%) compared to OIS (13.75%). In terms of maximum drawdown, OIS dropped -97.45% vs OII's -97.37%.
OII currently has the higher Sharpe Ratio (2.95 vs 1.27), 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.
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