XES vs. OIH
Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and VanEck Vectors Oil Services ETF (OIH).
XES and OIH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. 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. Both XES and OIH 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: XES or OIH.
Key characteristics
| XES | OIH | |
|---|---|---|
| YTD Return | -0.20% | -3.82% |
| 1Y Return | -3.11% | -7.52% |
| 3Y Return (Ann) | 15.01% | 14.31% |
| 5Y Return (Ann) | 5.31% | 6.39% |
| 10Y Return (Ann) | -12.13% | -8.70% |
| Sharpe Ratio | -0.03 | -0.22 |
| Sortino Ratio | 0.17 | -0.14 |
| Omega Ratio | 1.02 | 0.98 |
| Calmar Ratio | -0.01 | -0.08 |
| Martin Ratio | -0.09 | -0.52 |
| Ulcer Index | 10.20% | 11.51% |
| Daily Std Dev | 29.82% | 26.88% |
| Max Drawdown | -95.65% | -94.24% |
| Current Drawdown | -80.75% | -73.53% |
Correlation
The correlation between XES and OIH is 0.97, 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
XES vs. OIH - Performance Comparison
In the year-to-date period, XES achieves a -0.20% return, which is significantly higher than OIH's -3.82% return. Over the past 10 years, XES has underperformed OIH with an annualized return of -12.13%, while OIH has yielded a comparatively higher -8.70% 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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XES vs. OIH - Expense Ratio Comparison
Both XES and OIH have an expense ratio of 0.35%.
Risk-Adjusted Performance
XES vs. OIH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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.
Dividends
XES vs. OIH - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.14%, less than OIH's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.14% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
OIH VanEck Vectors Oil Services ETF | 1.42% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
Drawdowns
XES vs. OIH - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, roughly equal to the maximum OIH drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for XES and OIH. For additional features, visit the drawdowns tool.
Volatility
XES vs. OIH - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) and VanEck Vectors Oil Services ETF (OIH) have volatilities of 10.86% and 10.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.