OIH — VanEck Oil Services ETF

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.

Overview

The VanEck Oil Services ETF (OIH) is an Energy sector fund issued by VanEck that currently holds $1.99 billion in assets under management. Trading at a price of $391.66, the fund carries an expense ratio of 0.35% and offers a dividend yield of 1.31%. In the broader landscape of 458 tracked ETFs across all categories, OIH holds an overall rank of #203 and has received an ETFValuer grade of C with a score of 62.5 out of 100. Within its specific Energy category, which contains 10 ETFs tracked by the platform, the fund's positioning reflects a mid-tier standing relative to its peers. The asset size and price point suggest a significant level of investor adoption for a specialized energy services vehicle. Its cost structure and income profile provide a baseline for investors evaluating the fund against other options in the sector.

Over the last day, the fund posted a gain of +2.27%, followed by a weekly return of +3.34% and a monthly increase of +5.49%. The three-month period showed a contraction with a return of -7.95%, contrasting with a stronger six-month performance of +14.67%. Year-to-date returns have accelerated significantly to +32.32%, while the one-year return stands at +58.80%. Extending the view to a three-year horizon, the fund has generated a cumulative return of +19.98%. This pattern indicates a divergence where short-term volatility exists alongside substantial long-term appreciation over the past year. The recent trajectory shows a shift from negative three-month results to robust gains in the six-month and year-to-date periods.

The fund is assigned a High volatility label and exhibits a beta of 0.74, suggesting price movements that may differ in magnitude from the broader market. A Sharpe ratio of 1.83 indicates a favorable risk-adjusted return profile relative to the volatility experienced. However, the maximum drawdown of -43.80% highlights the potential for significant temporary losses during market downturns. This combination of a beta below 1.0 and a high volatility label implies that while the fund may not always move in lockstep with market swings, it experiences substantial price fluctuations. The high Sharpe ratio suggests that despite the -43.80% drawdown, the returns generated over the measured period have compensated well for the risk taken. Investors should note that the fund's behavior involves navigating large drawdowns while maintaining a strong risk-adjusted return metric.

AI-generated summary based on the data on this page.

OIH Top Holdings

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).

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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.

OIH Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.01% and average daily volume is 362K/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

How OIH Compares to Other Energy ETFs