XOP vs. OIH
Compare and contrast key facts about SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and VanEck Vectors Oil Services ETF (OIH).
XOP and OIH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. 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 XOP 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: XOP or OIH.
Key characteristics
| XOP | OIH | |
|---|---|---|
| YTD Return | 5.62% | -1.51% |
| 1Y Return | 6.22% | -3.08% |
| 3Y Return (Ann) | 12.64% | 15.27% |
| 5Y Return (Ann) | 12.92% | 7.17% |
| 10Y Return (Ann) | -3.42% | -8.49% |
| Sharpe Ratio | 0.33 | -0.06 |
| Sortino Ratio | 0.60 | 0.10 |
| Omega Ratio | 1.07 | 1.01 |
| Calmar Ratio | 0.14 | -0.02 |
| Martin Ratio | 0.77 | -0.15 |
| Ulcer Index | 9.60% | 11.44% |
| Daily Std Dev | 22.23% | 26.89% |
| Max Drawdown | -90.27% | -94.24% |
| Current Drawdown | -49.04% | -72.90% |
Correlation
The correlation between XOP and OIH is 0.86, 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
XOP vs. OIH - Performance Comparison
In the year-to-date period, XOP achieves a 5.62% return, which is significantly higher than OIH's -1.51% return. Over the past 10 years, XOP has outperformed OIH with an annualized return of -3.42%, while OIH has yielded a comparatively lower -8.49% 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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XOP vs. OIH - Expense Ratio Comparison
Both XOP and OIH have an expense ratio of 0.35%.
Risk-Adjusted Performance
XOP vs. OIH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) 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
XOP vs. OIH - Dividend Comparison
XOP's dividend yield for the trailing twelve months is around 2.44%, more than OIH's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.44% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
OIH VanEck Vectors Oil Services ETF | 1.39% | 1.36% | 0.95% | 0.98% | 1.23% | 2.20% | 2.13% | 2.60% | 1.40% | 2.39% | 2.38% | 1.13% |
Drawdowns
XOP vs. OIH - Drawdown Comparison
The maximum XOP drawdown since its inception was -90.27%, roughly equal to the maximum OIH drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for XOP and OIH. For additional features, visit the drawdowns tool.
Volatility
XOP vs. OIH - Volatility Comparison
The current volatility for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is 8.02%, while VanEck Vectors Oil Services ETF (OIH) has a volatility of 11.06%. This indicates that XOP 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.