OIH vs QQQ
VanEck Oil Services ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OIH delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | OIH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $2.0B | $496.3B | |
| Dividend Yield | 1.32% | 0.44% | |
| Holdings | 27 | 108 | |
| YTD Return | +40.57% | +16.23% | |
| 1Y Return | +78.97% | +26.23% | |
| 3Y Return (annualized) | +8.46% | +25.75% | |
| 5Y Return (annualized) | +21.05% | +14.78% | |
| Volatility (annualized) | 36.9% | 30.6% | |
| Max Drawdown | -94.4% | -83.0% | |
| Fund Family | VanEck | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2011 | Mar 10, 1999 |
OIH vs QQQ Performance
VanEck Oil Services ETF (OIH) is a ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OIH returned +78.97% while QQQ returned +26.23%. Year to date, OIH is up 40.57% versus a gain of 16.23% for QQQ.
Over three years, OIH compounded at +8.46% per year against +25.75% for QQQ; over five years the annualized figures are +21.05% and +14.78% respectively. Across the full 26-year window we track, QQQ has the edge at +13.02% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OIH has been the more volatile fund, with annualized monthly volatility of 36.9% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.4% for OIH and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OIH charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, OIH currently yields 1.32% against 0.44% for QQQ.
Holdings Overlap
OIH and QQQ share 1 holdings out of 126 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OIH | Weight in QQQ | Difference |
|---|---|---|---|
| BKR | 12.74% | 0.27% | 12.47% |
Frequently Asked Questions
Which is cheaper, OIH or QQQ?
OIH has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, OIH or QQQ?
Over the past year OIH returned +78.97% vs +26.23% for QQQ, so OIH leads on 1-year performance. Over the longest common window we track (26 years), OIH annualized -0.21% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, OIH or QQQ?
OIH has been the more volatile fund at 36.9% annualized versus 30.6% for QQQ. Worst drawdown: OIH -94.4% vs QQQ -83.0%.
Should I hold both OIH and QQQ?
OIH and QQQ have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OIH and QQQ?
OIH and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, OIH or QQQ?
OIH yields 1.32% while QQQ yields 0.44%, so OIH currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.