OIH vs QQQ
VanEck Oil Services ETF vs Invesco QQQ Trust, Series 1
Which is better, OIH or QQQ?
Small Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. OIH led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 70.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OIH | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $2.0B | $483.5B |
| Dividend Yield | 1.17% | 0.44% |
| Holdings | 26 | 107 |
| YTD Return | +35.34%Best | +17.21% |
| 1Y Return | +58.95%Best | +22.10% |
| 3Y Return (annualized) | +4.83% | +25.27%Best |
| 5Y Return (annualized) | +17.84%Best | +14.60% |
| Volatility (annualized) | 36.9% | 20.9%Best |
| Max Drawdown | -94.4% | -66.9%Best |
| $10,000 over 5 years | $22,723Best | $19,766 |
| Top 10 Weight | 70.1% | 46.5%Best |
| Fund Family | VanEck | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Growth |
| Inception | Dec 20, 2011 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Feb 7, 2001 to Sep 17, 2026 (25.6 years).
OIH vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 25.6 years both funds cover.
OIH vs QQQ Performance
VanEck Oil Services ETF (OIH) is an ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OIH returned +58.95% while QQQ returned +22.10%. Year to date, OIH is up 35.34% versus a gain of 17.21% for QQQ.
Over three years, OIH compounded at +4.83% per year against +25.27% for QQQ; over five years the annualized figures are +17.84% and +14.60% respectively. Across the full 26-year window we track, QQQ has the edge at +10.27% annualized vs -0.36%.
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 20.9% 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 -66.9% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
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 1.17% against 0.44% for QQQ.
Holdings Overlap
11.9% of OIH's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings OIH also owns.
OIH and QQQ share little of their money.
1 positions in common, counted across the 25 positions we hold weights for in OIH and 102 in QQQ, against full books of 26 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for OIH (97.3% of the fund), and 20 for OIH that do not appear in QQQ (67.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in OIH | Weight in QQQ | Difference |
|---|---|---|---|
| BKRBaker Hughes Co | 11.87% | 0.27% | 11.60% |
You are not choosing between two funds in isolation.
Whichever of OIH and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $17 a year on a $10,000 investment.
Which performed better, OIH or QQQ?
Over the past year OIH returned +58.95% vs +22.10% for QQQ, so OIH leads on 1-year performance. Over the longest common window we track (26 years), OIH annualized -0.36% vs +10.27% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OIH or QQQ?
OIH has been the more volatile fund at 36.9% annualized versus 20.9% for QQQ. Worst drawdown: OIH -94.4% vs QQQ -66.9%.
Should I hold both OIH and QQQ?
OIH and QQQ have a monthly-return correlation of 0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OIH and QQQ?
11.9% of OIH's money is in holdings QQQ also owns. 0.3% of QQQ's is in holdings OIH also owns. They hold 1 positions in common, counted across the 25 positions we hold weights for in OIH and 102 in QQQ.
Which pays a higher dividend, OIH or QQQ?
OIH yields 1.17% while QQQ yields 0.44%, so OIH currently pays the higher dividend yield.
Is QQQ better than OIH?
QQQ has a lower expense ratio. OIH led over 1Y and 5Y, QQQ over 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 70.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.