XLEI vs. OIH

Last updated Jul 12, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and OIH (VanEck Oil Services ETF) are both Energy Equities funds - XLEI tracks the S&P Energy Select Sector while OIH tracks the MVIS US Listed Oil Services 25 Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

XLEI vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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, XLEI achieves a 16.48% return, which is significantly lower than OIH's 33.53% return.

XLEI

• 1D: 0.20%
• 1M: -1.74%
• 6M: 13.81%
• YTD: 16.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OIH

• 1D: 1.53%
• 1M: -11.19%
• 6M: 19.77%
• YTD: 33.53%
• 1Y: 53.37%
• 3Y*: 7.62%
• 5Y*: 13.85%
• 10Y*: -2.86%

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

XLEI vs. OIH - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.48%	6.17%
OIH VanEck Oil Services ETF	33.53%	13.34%

Correlation

The correlation between XLEI and OIH is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.71

XLEI vs. OIH - Sectors Allocation Comparison

Sectors	XLEI	OIH
Energy	100.0%	100.0%
Financial Services	98.4%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	1.9%

Return for Risk

XLEI vs. OIH — Risk / Return Rank

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

XLEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OIH

OIH Risk / Return Rank: 66
OIH Sharpe Ratio Rank: 71
OIH Sortino Ratio Rank: 67
OIH Omega Ratio Rank: 61
OIH Calmar Ratio Rank: 66
OIH Martin Ratio Rank: 65

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.

XLEI vs. OIH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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.

	XLEI	OIH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.65	—
Martin ratio: Return relative to average drawdown	—	9.35	—

Drawdowns

XLEI vs. OIH - Drawdown Comparison

The maximum XLEI drawdown since its inception was -8.19%, smaller than the maximum OIH drawdown of -94.45%. Use the drawdown chart below to compare losses from any high point for XLEI and OIH.

Drawdown Indicators

	XLEI	OIH	Difference
Max Drawdown Largest peak-to-trough decline	-8.19%	-94.45%	+86.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.78%	—
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	-4.21%	-66.14%	+61.93%
Average Drawdown Average peak-to-trough decline	-1.90%	-48.90%	+47.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.87%	—

Volatility

Volatility by Period

	XLEI	OIH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	30.09%	-16.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	36.64%	-22.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	42.33%	-28.29%

XLEI vs. OIH - Expense Ratio Comparison

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

Dividends

XLEI vs. OIH - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 19.64%, more than OIH's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIH VanEck Oil Services ETF	1.28%	1.71%	2.01%	1.36%	0.95%	0.98%	1.23%	2.10%	2.13%	2.60%	1.40%	2.39%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	19.64%	10.17%	0.00%	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 XLEI and OIH in my portfolio?

XLEI and OIH have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLEI or OIH?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLEI or OIH?

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

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

XLEI has the higher dividend yield at 19.64%, compared with 1.28% for OIH.

What is the main difference between XLEI and OIH?

XLEI tracks S&P Energy Select Sector, while OIH tracks MVIS US Listed Oil Services 25 Index. They also come from different issuers: State Street and VanEck.