TINT vs. OIH

Last updated Jun 24, 2026

TINT (ProShares Smart Materials ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - TINT tracks the Solactive Smart Materials Index - Benchmark TR Net while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. Over the past 3 years, TINT returned 8.66%/yr vs 14.83%/yr for OIH. At a 0.45 correlation, their price movements are largely independent. TINT charges 0.58%/yr vs 0.35%/yr for OIH.

Performance

TINT vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) and VanEck Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINT achieves a 19.21% return, which is significantly lower than OIH's 35.03% return.

TINT

• 1D: -4.06%
• 1M: -2.84%
• YTD: 19.21%
• 6M: 18.70%
• 1Y: 35.71%
• 3Y*: 8.66%
• 5Y*: —
• 10Y*: —

OIH

• 1D: -1.13%
• 1M: -13.39%
• YTD: 35.03%
• 6M: 35.52%
• 1Y: 68.64%
• 3Y*: 14.83%
• 5Y*: 12.26%
• 10Y*: -2.32%

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

TINT vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINT ProShares Smart Materials ETF	19.21%	16.13%	-13.37%	20.04%	-28.14%	1.56%
OIH VanEck Oil Services ETF	35.03%	6.81%	-10.53%	3.20%	66.17%	-17.15%

Correlation

The correlation between TINT and OIH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	0.45

TINT vs. OIH - Sectors Allocation Comparison

Sectors	TINT	OIH
Basic Materials	67.3%	-
Technology	21.0%	-
Industrials	7.0%	-
Financial Services	3.9%	-
Healthcare	0.8%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	97.6%
Real Estate	-	-
Utilities	-	1.9%

Return for Risk

TINT vs. OIH — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 45
TINT Sharpe Ratio Rank: 45
TINT Sortino Ratio Rank: 45
TINT Omega Ratio Rank: 44
TINT Calmar Ratio Rank: 45
TINT Martin Ratio Rank: 47

OIH

OIH Risk / Return Rank: 75
OIH Sharpe Ratio Rank: 75
OIH Sortino Ratio Rank: 69
OIH Omega Ratio Rank: 63
OIH Calmar Ratio Rank: 85
OIH Martin Ratio Rank: 83

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.

TINT vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) and VanEck 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.

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.

	TINT	OIH	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.30	-0.84
Sortino ratio: Return per unit of downside risk	2.08	2.97	-0.89
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	2.05	4.51	-2.47
Martin ratio: Return relative to average drawdown	7.29	16.04	-8.75

TINT vs. OIH - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.46, which is lower than the OIH Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of TINT 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.

Drawdowns

TINT vs. OIH - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for TINT and OIH.

Drawdown Indicators

	TINT	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-94.45%	+53.09%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-15.29%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-43.80%	+13.38%
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	-6.73%	-65.76%	+59.03%
Average Drawdown Average peak-to-trough decline	-20.92%	-48.87%	+27.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	4.29%	+0.62%

Volatility

TINT vs. OIH - Volatility Comparison

The current volatility for ProShares Smart Materials ETF (TINT) is 8.83%, while VanEck Oil Services ETF (OIH) has a volatility of 10.14%. This indicates that TINT experiences smaller price fluctuations and is considered to be less risky than OIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINT	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	10.14%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	21.16%	21.14%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	30.39%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.58%	36.79%	-13.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	42.38%	-18.80%

TINT vs. OIH - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is higher than OIH's 0.35% expense ratio.

Dividends

TINT vs. OIH - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 1.03%, less than OIH's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIH VanEck Oil Services ETF	1.27%	1.71%	2.01%	1.36%	0.95%	0.98%	1.23%	2.10%	2.13%	2.60%	1.40%	2.39%
TINT ProShares Smart Materials ETF	1.03%	1.27%	1.47%	0.99%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TINT and OIH in my portfolio?

TINT and OIH have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or OIH?

OIH has higher volatility (10.14%) compared to TINT (8.83%). In terms of maximum drawdown, TINT dropped -41.36% vs OIH's -94.45%.

Which ETF is better, TINT or OIH?

On 3-year performance, OIH leads with 14.83% vs 8.66% for TINT. On fees, OIH is cheaper at 0.35% per year. On volatility, TINT has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or OIH?

Over the 3-year period, OIH has performed better with a 14.83% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or OIH?

OIH is cheaper with a 0.35% expense ratio, compared with 0.58% for TINT.

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

OIH has the higher dividend yield at 1.27%, compared with 1.03% for TINT.

What is the main difference between TINT and OIH?

TINT tracks Solactive Smart Materials Index - Benchmark TR Net, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.58% for TINT and 0.35% for OIH.

Which has better risk-adjusted returns?

OIH currently has the higher Sharpe Ratio (2.30 vs 1.46), 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.