OIH — VanEck Oil Services ETF
Energy Ranked #244 of 458 tracked ETFs · Issued by VanEck
OIH Price Performance — Growth of $10,000
Value of a $10,000 investment in OIH over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
OIH Drawdown
The "underwater" chart: OIH's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in OIH?
See what a lump sum in OIH would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The VanEck Oil Services ETF (OIH) operates within the Energy category, which currently contains 10 ETFs tracked by ETFValuer. Issued by VanEck, the fund holds an overall rank of #244 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 60.3 out of 100. The fund trades at a price of $371.35 and manages assets under management totaling $1.99 billion. Investors face an annual expense ratio of 0.35% while receiving a dividend yield of 1.31%. The combination of a mid-tier rank and a substantial asset base suggests significant investor adoption despite the moderate overall grade. This pricing and asset structure positions the fund as a notable component within its specific sector classification.
Recent price action shows a decline of 3.72% over the last day and a 3.17% drop over the past week. The one-month return stands at -1.12%, while the three-month period reflects a sharper decline of 15.49%. In contrast, the six-month horizon demonstrates a recovery with a gain of 7.56%. Year-to-date performance has accelerated significantly to a return of 25.46%, and the one-year return reaches 49.81%. Extending the view to three years, the fund has generated a cumulative return of 15.27%. This pattern indicates a divergence where short-term losses have been overshadowed by strong medium and long-term gains.
The fund carries a High volatility label and exhibits a beta of 0.74, suggesting price movements that are less sensitive to broad market shifts than the average asset. A Sharpe ratio of 1.51 indicates that the returns generated have been efficient relative to the risk taken during the measurement period. However, the maximum drawdown of -43.80% highlights the potential for severe capital erosion during market downturns. This combination of a low beta with a high maximum drawdown implies that while the fund may not always move in lockstep with the broader market, it retains the capacity for significant downside when adverse conditions occur. The high volatility rating further underscores the unstable price trajectory observed in the shorter-term return figures.
AI-generated summary based on the data on this page.
OIH Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | SLB Ltd | 20.30% | $476M |
| 2 | Baker Hughes Co | 11.73% | $275M |
| 3 | Halliburton Co | 7.07% | $166M |
| 4 | TechnipFMC PLC | 6.39% | $150M |
| 5 | Tenaris SA | 5.09% | $119M |
| 6 | Noble Corp PLC | 4.64% | $109M |
| 7 | Transocean Ltd | 4.50% | $105M |
| 8 | Weatherford International PLC | 4.37% | $102M |
| 9 | Valaris Ltd | 4.01% | $94M |
| 10 | Liberty Energy Inc | 3.54% | $83M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 71.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how OIH's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With OIH
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with OIH's top 10 — VDE overlaps most, holding 2 of the same companies as OIH's top 10 (32.0% of OIH's assets).
| ETF | Name | Shared Companies | OIH Weight | Examples |
|---|---|---|---|---|
| VDE | Vanguard Energy Index Fund ETF Shares | 2 | 32.0% | SLB Ltd, Baker Hughes Co |
| FENY | Fidelity MSCI Energy Index ETF | 2 | 32.0% | SLB Ltd, Baker Hughes Co |
| XLE | State Street Energy Select Sector SPDR ETF | 1 | 20.3% | SLB Ltd |
| VO | Vanguard Mid-Cap Index Fund ETF Shares | 1 | 20.3% | SLB Ltd |
| VOE | Vanguard Mid-Cap Value Index Fund ETF Shares | 1 | 20.3% | SLB Ltd |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What OIH's Fees Cost You
OIH charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
OIH Dividend Income Estimator
OIH currently yields 1.31%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
OIH Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is — and average daily volume is 363K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.99B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: OIH is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
OIH Performance History
| Period | Return |
|---|---|
| 1-Day | -3.72% |
| 1-Week | -3.17% |
| 1-Month | -1.12% |
| 3-Month | -15.49% |
| 6-Month | +7.56% |
| YTD | +25.46% |
| 1-Year | +49.81% |
| 3-Year | +15.27% |
How OIH Compares to Other Energy ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #40 | B+ |
XLE | State Street Energy Select Sector SPDR ETF | +36.31% | 0.08% | $35.7B |
| #45 | B |
MLPX | Global X MLP & Energy Infrastructure ETF | +28.56% | 0.45% | $3.48B |
| #69 | B |
VDE | Vanguard Energy Index Fund ETF Shares | +36.41% | 0.09% | $11.1B |
| #101 | B |
FENY | Fidelity MSCI Energy Index ETF | +36.44% | 0.084% | $1.75B |
| #122 | B |
AMLP | Alerian MLP ETF | +21.01% | 1.01% | $12.2B |
| #143 | B |
IYE | iShares U.S. Energy ETF | +35.56% | 0.38% | $1.53B |
| #244 | C |
OIH | VanEck Oil Services ETF | +49.81% | 0.35% | $1.99B |
| #279 | C |
IEO | iShares U.S. Oil & Gas Exploration & Production ETF | +36.23% | 0.38% | $516M |
| #290 | C |
XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | +32.98% | 0.35% | $2.91B |
| #391 | D |
ICLN | iShares Global Clean Energy ETF | +24.41% | 0.39% | $2.91B |