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ETFs

VanEck Oil Services ETF

OIH
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 20 2011
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$184,285,340
AUM
$2,623,479,427
Associated Index
MVIS US Listed Oil Services 25 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SLB
SLB
19.82%
HAL
Halliburton Co.
11.44%
BKR
Baker Hughes Co - Ordinary Shares - Class A
8.53%
FTI
TechnipFMC plc
5.17%
TS
Tenaris S.A. - ADR
4.95%
RIG
Transocean Ltd
4.58%
PTEN
Patterson-UTI Energy Inc
4.54%
WFRD
Weatherford International plc - Ordinary Shares - New
4.51%
NE
Noble Corp Plc - Ordinary Shares - Class A
4.46%
CHX
ChampionX Corp.
4.45%
Invest with OIH

What is OIH?

The Market Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Oil Services 25 Index. The Index is a rules-based index intended to track the overall performance of 25 of the largest U.S. listed, publicly traded oil services companies.

ETFs related toOIH

ETFs correlated to OIH include IEZ, XES, PSCE

OIH
VanEck ETF Trust - VanEck Oil Services ETF
IEZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil Equipment & Services ETF
XES
SPDR Series Trust - SPDR Oil & Gas Equipment and Services ETF
PSCE
Invesco Capital Management LLC - Invesco S&P SmallCap Energy ETF
PXI
Invesco Capital Management LLC - Invesco Dorsey Wright Energy Momentum ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOIH

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with OIH using Composer

FAQ

OIH is a US Equities ETF. The Market Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Oil Services 25 Index. The Index is a rules-based index intended to track the overall performance of 25 of the largest U.S. listed, publicly traded oil services companies.

OIH tracks the MVIS US Listed Oil Services 25 Index.

No, OIH is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OIH is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OIH is 0.0565%. This is the percent change in the value of OIH over the most recent 1-month period. The 3-month return on OIH is 0.2804%. This is the percent change in the value of OIH over the most recent 3-month period.

The standard deviation of OIH for the past year is 0.3777%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OIH include XLI, XLY, and XLV.

ETFs correlated to OIH include IEZ, XES, and PSCE.

ETFs that are inversely correlated to OIH include ERY, OILD, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.