PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
XLE vs. OIH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


XLEOIH
YTD Return15.59%7.96%
1Y Return14.22%17.34%
3Y Return (Ann)31.40%24.10%
5Y Return (Ann)12.69%-0.09%
10Y Return (Ann)4.52%-8.91%
Sharpe Ratio0.780.66
Daily Std Dev19.21%26.71%
Max Drawdown-71.54%-94.24%
Current Drawdown-1.99%-70.30%

Correlation

0.89
-1.001.00

The correlation between XLE and OIH is 0.89, 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

XLE vs. OIH - Performance Comparison

In the year-to-date period, XLE achieves a 15.59% return, which is significantly higher than OIH's 7.96% return. Over the past 10 years, XLE has outperformed OIH with an annualized return of 4.52%, while OIH has yielded a comparatively lower -8.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%10.00%NovemberDecember2024FebruaryMarchApril
9.21%
-1.80%
XLE
OIH

Compare stocks, funds, or ETFs


Energy Select Sector SPDR Fund

VanEck Vectors Oil Services ETF

XLE vs. OIH - Expense Ratio Comparison

XLE has a 0.13% expense ratio, which is lower than OIH's 0.35% expense ratio.

OIH
VanEck Vectors Oil Services ETF
0.50%1.00%1.50%2.00%0.35%
0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

XLE vs. OIH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) 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.


XLE
Sharpe ratio
The Sharpe ratio of XLE compared to the broader market0.002.004.000.78
Sortino ratio
The Sortino ratio of XLE compared to the broader market-2.000.002.004.006.008.0010.001.19
Omega ratio
The Omega ratio of XLE compared to the broader market1.001.502.002.501.14
Calmar ratio
The Calmar ratio of XLE compared to the broader market0.002.004.006.008.0010.0012.000.88
Martin ratio
The Martin ratio of XLE compared to the broader market0.0020.0040.0060.0080.002.21
OIH
Sharpe ratio
The Sharpe ratio of OIH compared to the broader market0.002.004.000.66
Sortino ratio
The Sortino ratio of OIH compared to the broader market-2.000.002.004.006.008.0010.001.10
Omega ratio
The Omega ratio of OIH compared to the broader market1.001.502.002.501.13
Calmar ratio
The Calmar ratio of OIH compared to the broader market0.002.004.006.008.0010.0012.000.23
Martin ratio
The Martin ratio of OIH compared to the broader market0.0020.0040.0060.0080.001.69

XLE vs. OIH - Sharpe Ratio Comparison

The current XLE Sharpe Ratio is 0.78, which roughly equals the OIH Sharpe Ratio of 0.66. The chart below compares the 12-month rolling Sharpe Ratio of XLE and OIH.


Rolling 12-month Sharpe Ratio0.000.501.00NovemberDecember2024FebruaryMarchApril
0.78
0.66
XLE
OIH

Dividends

XLE vs. OIH - Dividend Comparison

XLE's dividend yield for the trailing twelve months is around 3.03%, more than OIH's 1.26% yield.


TTM20232022202120202019201820172016201520142013
XLE
Energy Select Sector SPDR Fund
3.03%3.55%3.68%4.21%5.62%5.73%3.54%3.03%2.26%3.39%2.35%1.73%
OIH
VanEck Vectors Oil Services ETF
1.26%1.36%0.95%0.98%1.23%2.20%2.13%2.60%1.40%2.39%2.38%1.13%

Drawdowns

XLE vs. OIH - Drawdown Comparison

The maximum XLE drawdown since its inception was -71.54%, smaller than the maximum OIH drawdown of -94.24%. The drawdown chart below compares losses from any high point along the way for XLE and OIH


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2024FebruaryMarchApril
-1.99%
-70.30%
XLE
OIH

Volatility

XLE vs. OIH - Volatility Comparison

The current volatility for Energy Select Sector SPDR Fund (XLE) is 3.46%, while VanEck Vectors Oil Services ETF (OIH) has a volatility of 5.30%. This indicates that XLE 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%NovemberDecember2024FebruaryMarchApril
3.46%
5.30%
XLE
OIH