OIH vs SPY
Comparison between VANECK OIL SERVICES ETF (OIH, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceOIH has outperformed SPY, delivering a return of +15.8% compared to +13.3%
OIH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OIH
$2.30B
Winner
SPY
$652B
Expense Ratio
OIH
0.35%
Winner
SPY
0.09%
Max Drawdown
OIH
95.46%
Winner
SPY
56.47%
Sharpe Ratio
Winner
OIH
2.39
SPY
2.07
5Y Beta
OIH
1.14
Winner
SPY
1.00
P/E Ratio
Winner
OIH
2.73
SPY
28.24
Forward P/E
Winner
OIH
18.92
SPY
21.85
5Y Dividends CAGR
Winner
OIH
6.71%
SPY
5.43%
5Y EPS CAGR
OIH
N/A
SPY
25.79%
Debt to Equity
OIH
34.17%
Winner
SPY
22.35%
P/S Ratio
Winner
OIH
1.77
SPY
3.55
P/B Ratio
Winner
OIH
2.48
SPY
5.29
OIH vs SPY - Holdings Comparison
OIH and SPY have 4 common holdings. Overlap is 0.31%
OIH's top 25 holdings weight is 99.94%. SPY's top 25 holdings weight is 51.32%.
| Rank | OIH | SPY |
|---|---|---|
| #1 | SLB LTD (SLB) - 20.62% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | BAKER HUGHES CO CLASS A (BKR) - 11.45% | APPLE INC (AAPL) - 6.48% |
| #3 | HALLIBURTON CO (HAL) - 6.84% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | TECHNIPFMC PLC (n/a) - 6.62% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | TENARIS SA ADR (TS) - 5.25% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW (WFRD) - 4.55% | BROADCOM INC (AVGO) - 3.09% |
| #7 | NOBLE CORP PLC CLASS A (NE) - 4.42% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | TRANSOCEAN LTD (RIG) - 4.06% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | VALARIS LTD (VAL) - 3.65% | TESLA INC (TSLA) - 1.73% |
| #10 | LIBERTY ENERGY INC CLASS A (LBRT) - 3.45% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | NOV INC (NOV) - 3.45% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | SOLARIS ENERGY INFRASTRUCTURE INC CLASS A (SEI) - 3.44% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | PATTERSON-UTI ENERGY INC (PTEN) - 3.20% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | OCEANEERING INTERNATIONAL INC (OII) - 2.87% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | TIDEWATER INC (TDW) - 2.68% | WALMART INC (WMT) - 0.91% |
| #16 | CACTUS INC CLASS A (WHD) - 2.67% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | HELMERICH & PAYNE INC (HP) - 2.59% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 1.63% | VISA INC CLASS A (V) - 0.85% |
| #19 | PROPETRO HOLDING CORP (PUMP) - 1.53% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | HELIX ENERGY SOLUTIONS GROUP INC (HLX) - 1.07% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | EXPRO GROUP HOLDINGS NV (XPRO) - 0.98% | INTEL CORP (INTC) - 0.65% |
| #22 | INNOVEX INTERNATIONAL INC (INVX) - 0.92% | NETFLIX INC (NFLX) - 0.64% |
| #23 | RPC INC (RES) - 0.89% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | NABORS INDUSTRIES LTD (NBR) - 0.85% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CORE LABORATORIES INC (CLB) - 0.26% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 26 | 505 |
OIH vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
OIH
+2.54%
Winner
SPY
+9.11%
3M
Winner
OIH
+12.51%
SPY
+6.59%
6M
Winner
OIH
+49.99%
SPY
+10.56%
1Y
Winner
OIH
+95.14%
SPY
+32.04%
5Y(CAGR)
Winner
OIH
+15.77%
SPY
+13.35%
10Y(CAGR)
OIH
-0.70%
Winner
SPY
+15.49%
Max(CAGR)
OIH
+0.12%
Winner
SPY
+8.50%
OIH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | OIH | SPY |
|---|---|---|
| 2026 | +42.18% | +8.27% |
| 2025 | +4.88% | +18.00% |
| 2024 | -9.98% | +25.59% |
| 2023 | +8.35% | +26.72% |
| 2022 | +55.69% | -18.64% |
| 2021 | +19.10% | +30.52% |
| 2020 | -41.48% | +17.28% |
| 2019 | -5.89% | +31.09% |
| 2018 | -46.04% | -5.24% |
| 2017 | -21.43% | +20.78% |
| 2016 | +26.59% | +13.59% |
| 2015 | -24.64% | +1.31% |
| 2014 | -22.31% | +14.56% |
| 2013 | +22.30% | +29.00% |
| 2012 | -1.24% | +14.17% |
| 2011 | -16.83% | +0.85% |
| 2010 | +15.76% | +13.14% |
| 2009 | +51.54% | +22.67% |
| 2008 | -60.58% | -36.25% |
| 2007 | +51.40% | +5.32% |
| 2006 | +3.34% | +13.85% |
| 2005 | +56.75% | +5.32% |
| 2004 | +37.65% | +10.75% |
| 2003 | +4.55% | +24.18% |
| 2002 | -1.63% | -22.42% |
| 2001 | -31.96% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
OIH vs SPY Drawdown Comparison
The maximum drawdown for OIH was -94.45%, occurring on Mar 18, 2020. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current OIH drawdown is -62.53%.
| Rank | OIH | SPY |
|---|---|---|
| #1 | -94.45% Jun 23, 2008 - Mar 18, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -56.13% Mar 8, 2001 - Feb 25, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.89% May 10, 2006 - May 17, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.30% Dec 26, 2007 - Apr 14, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.95% Jan 30, 2006 - Apr 19, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.31% Sep 29, 2005 - Nov 22, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.27% Jul 23, 2007 - Sep 19, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.01% Mar 4, 2005 - Jun 14, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.43% Oct 15, 2007 - Dec 24, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.71% Apr 21, 2008 - May 8, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.24% Aug 11, 2005 - Aug 31, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.06% May 20, 2008 - Jun 23, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.96% Dec 12, 2005 - Jan 3, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.66% Jul 12, 2005 - Jul 22, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.66% Apr 21, 2006 - May 2, 2006 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between OIH and SPY is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.48
-101
Dividend Comparison (1999 - 2026)
OIH vs SPY dividend yield comparison.
| Year | OIH | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 1.71% | 1.07% |
| 2024 | 2.01% | 1.21% |
| 2023 | 1.36% | 1.40% |
| 2022 | 0.95% | 1.65% |
| 2021 | 0.98% | 1.20% |
| 2020 | 1.23% | 1.52% |
| 2019 | 2.10% | 1.75% |
| 2018 | 2.13% | 2.04% |
| 2017 | 2.60% | 1.80% |
| 2016 | 1.40% | 2.03% |
| 2015 | 2.39% | 2.06% |
| 2014 | 2.38% | 1.87% |
| 2013 | 1.13% | 1.81% |
| 2012 | 1.06% | 2.18% |
| 2011 | 1.54% | 2.05% |
| 2010 | 1.42% | 1.80% |
| 2009 | 1.18% | 1.95% |
| 2008 | 7.53% | 3.02% |
| 2007 | 6.13% | 1.85% |
| 2006 | 0.54% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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