OIH vs VOO
VanEck Oil Services ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. OIH delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OIH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $2.0B | $979.0B | |
| Dividend Yield | 1.31% | 1.09% | |
| Holdings | 27 | 509 | |
| YTD Return | +40.31% | +13.44% | |
| 1Y Return | +80.86% | +22.62% | |
| 3Y Return (annualized) | +7.60% | +21.47% | |
| 5Y Return (annualized) | +18.06% | +13.27% | |
| Volatility (annualized) | 36.9% | 14.1% | |
| Max Drawdown | -94.4% | -34.3% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2011 | Sep 7, 2010 |
OIH vs VOO Performance
VanEck Oil Services ETF (OIH) is a ETF from VanEck and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OIH returned +80.86% while VOO returned +22.62%. Year to date, OIH is up 40.31% versus a gain of 13.44% for VOO.
Over three years, OIH compounded at +7.60% per year against +21.47% for VOO; over five years the annualized figures are +18.06% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs -0.22%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OIH charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, OIH currently yields 1.31% against 1.09% for VOO.
Holdings Overlap
OIH and VOO share 3 holdings out of 527 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OIH or VOO?
OIH has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, OIH or VOO?
Over the past year OIH returned +80.86% vs +22.62% for VOO, so OIH leads on 1-year performance. Over the longest common window we track (16 years), OIH annualized -0.22% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, OIH or VOO?
OIH has been the more volatile fund at 36.9% annualized versus 14.1% for VOO. Worst drawdown: OIH -94.4% vs VOO -34.3%.
Should I hold both OIH and VOO?
OIH and VOO have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OIH and VOO?
OIH and VOO share 3 common holdings with a 0.2% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, OIH or VOO?
OIH yields 1.31% while VOO yields 1.09%, so OIH currently pays the higher dividend yield.
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