OIH
VanEck Oil Services ETF
VanEck Vectors Oil Service ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance results of the US Listed Oil Services 25 Index.
US
EQUITY
Passive
MANAGEMENT STYLE
1.7 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 20, 2011 |
| Assets (mns) | $1,703 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SCHLUMBERGER LTD | 17.8 % |
| WEATHERFORD INTERNATIONAL PLC | 15.4 % |
| FRANK'S INTERNATIONAL NV | 14.7 % |
| BAKER HUGHES COMPANY CLASS A | 11.1 % |
| HALLIBURTON CO | 6.6 % |
| TENARIS SA-ADR | 4.5 % |
| APERGY CORP. | 4.5 % |
| TECHNIPFMC PLC | 4.1 % |
| NATIONAL OILWELL VARCO INC | 3.6 % |
| CACTUS, INC. CLASS A | 3.5 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 1,050 |
| Wgt avg mkt cap (mns) | $20,848 |
| Large cap (>$10bn) | 67.8% |
| Mid cap ($2-10bn) | 24.1% |
| Small cap (<$2bn) | 8.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 60.2 % |
 |
NETHERLANDS | 14.7 % |
 |
LUXEMBOURG | 4.5 % |
 |
BRITAIN | 4.1 % |
 |
SWITZERLAND | 2.7 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -19.0% | -26.4% | 10.2% | 9.5% | 2.7% | -11.3% | -7.0% | Volatility | 22.9% | 25.5% | 36.3% | 39.2% | 51.2% | 42.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 17% |
| MSCI EAFE | 1.00 | 18% |
| MSCI Emg Mkts | 0.54 | 5% |
Liquidity Measures
| Avg. volume (000) | 663 |
| Turnover | 11.2% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $2,042 |
Technical Indicators
| Recent close | $287.32 |
| 30d moving avg. | $282.41 |
| Annualized volatility | 41.6% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 52.8% |
| Short interest (underlying) | 5.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. OIH |
Expenses vs. OIH |
ALTAR Score™ vs. OIH |
|---|---|---|---|---|
| IEZ | iShares U.S. Oil Equipment & Services ETF | 74.4% | +5 bp | -0.2% |
| XES | SPDR S&P Oil & Gas Equipment & Services ETF | 61.6% | 0 bp | -2.6% |
| PXJ | Invesco Oil & Gas Services ETF | 39.3% | +28 bp | -0.9% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 13.9% | +5 bp | +6.1% |
| FENY | Fidelity MSCI Energy Index ETF | 10.9% | -27 bp | +4.6% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 10.5% | +25 bp | +3.6% |
| VDE | Vanguard Energy ETF | 10.3% | -25 bp | +4.6% |
Risk and Returns: OIH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/17/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
OIH
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
OIH
2.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. OIH's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places OIH in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
OIHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| OIH (35 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| OIH | 35.0 | 6.6 | 41.6 |
| Peer Avg. | 28.7 | 6.5 | 35.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .