Average Daily Volume
591.8K
Fund Overview
The VanEck 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. This index tracks the performance of the largest and most liquid companies in the oil services segment of the U.S. equity market. These companies provide drilling, equipment, services, and technology to the oil and gas exploration and production industry. OIH offers investors exposure to a concentrated basket of oil services stocks, making it a popular choice for those looking to invest in the energy sector's infrastructure and service providers. The fund is designed for investors who believe in the long-term growth potential of the oil services industry and want to capitalize on the cyclical nature of this sector.
- Asset Class
-
Equity
- Industry
-
Oil Equipment & Services
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.81 %
- Currency Hedged
-
No
- Portfolio Turnover
-
17 %
- Dividend Date
-
Why Invest in the OIH ETF?
Potential Benefits
- Provides targeted exposure to the oil services sector, which can benefit from increased drilling and exploration activity.
- Offers liquidity and transparency as it tracks a well-defined index of large-cap oil services companies.
- Can serve as a hedge against rising oil prices, as service companies often see increased demand in such environments.
- Diversifies energy sector exposure beyond just exploration and production companies.
- Historically has shown strong performance during periods of rising oil prices and increased energy sector investment.
Potential Risks
- Highly sensitive to oil price volatility, which can significantly impact the profitability of oil services companies.
- Concentrated sector exposure increases vulnerability to industry-specific downturns or regulatory changes.
- Many components are capital-intensive businesses that may struggle during periods of low oil prices.
- Global shift toward renewable energy could reduce long-term demand for traditional oil services.
- Performance can be cyclical and may underperform during energy market downturns.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+22.3%
|
+13.9%
|
+1.8%
|
+10.9%
|
-6.7%
|
-11.1%
|
+3.4%
|
+11.5%
|
-11.8%
|
+3.5%
|
-
|
-
|
| 2025 |
+2.1%
|
-3.8%
|
-1.6%
|
-20.2%
|
+3.6%
|
+6.3%
|
+5.8%
|
+5.4%
|
+1.2%
|
+9.1%
|
+2.1%
|
0.0%
|
| 2024 |
-5.5%
|
+1.6%
|
+13.2%
|
-6.9%
|
+2.7%
|
-1.6%
|
+6.7%
|
-11.5%
|
-5.0%
|
-3.2%
|
+10.5%
|
-8.7%
|
| 2023 |
+8.6%
|
-5.8%
|
-10.9%
|
-1.1%
|
-10.0%
|
+16.5%
|
+19.5%
|
-0.9%
|
+1.3%
|
-6.0%
|
-3.7%
|
+0.5%
|
| 2022 |
+22.2%
|
+9.9%
|
+13.9%
|
-6.7%
|
+11.3%
|
-20.7%
|
+3.9%
|
-0.8%
|
-11.9%
|
+41.4%
|
+1.8%
|
+1.0%
|
| 2021 |
+5.6%
|
+23.4%
|
-4.8%
|
-4.5%
|
+16.6%
|
+2.8%
|
-12.8%
|
-2.7%
|
+6.0%
|
+6.7%
|
-15.2%
|
+4.7%
|
| 2020 |
-17.7%
|
-17.6%
|
-55.2%
|
+36.5%
|
+8.2%
|
+2.6%
|
+2.5%
|
+0.3%
|
-22.0%
|
-2.1%
|
+44.1%
|
+13.1%
|
| 2019 |
+20.2%
|
+1.4%
|
+0.8%
|
-3.3%
|
-21.5%
|
+13.3%
|
-2.7%
|
-20.5%
|
+2.4%
|
-5.3%
|
+5.0%
|
+15.8%
|
| 2018 |
+5.4%
|
-13.5%
|
+0.5%
|
+13.7%
|
0.0%
|
-3.2%
|
-1.1%
|
-4.9%
|
+1.9%
|
-18.4%
|
-12.1%
|
-20.7%
|
| 2017 |
0.0%
|
-3.7%
|
-4.0%
|
-9.5%
|
-6.9%
|
-4.4%
|
+0.2%
|
-10.6%
|
+17.4%
|
-7.0%
|
+1.4%
|
+8.9%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
SLB
|
SCHLUMBERGER LTD |
20.2 % |
|
BKR
|
BAKER HUGHES CO CLASS A |
13.7 % |
|
HAL
|
HALLIBURTON CO |
6.7 % |
|
TS
|
TENARIS SA ADR |
5.2 % |
|
NE
|
NOBLE CORP PLC CLASS A |
4.6 % |
|
NOV
|
NOV INC |
4.5 % |
|
CHX
|
CHAMPIONX CORP |
4.5 % |
|
WFRD
|
WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW |
4.2 % |
|
WHD
|
CACTUS INC CLASS A |
3.8 % |
|
PTEN
|
PATTERSON-UTI ENERGY INC |
3.3 % |
Top 10 holdings shown, out of 26 total holdings.
Related ETFs: OIH vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
OIH tracks the MVIS US Listed Oil Services 25 Index, which follows the performance of the largest and most liquid companies involved in oil services to the upstream oil sector. The index is modified market-cap weighted, with components primarily engaged in oil equipment, services, or drilling. The fund holds common stocks of these companies and is rebalanced quarterly to maintain its target allocations. Unlike some broader energy ETFs, OIH provides targeted exposure specifically to the services segment rather than integrated oil companies or exploration and production firms. This focus means the ETF's performance is closely tied to drilling activity levels and capital expenditures in the oil industry.
Frequently Asked Questions
What types of companies does OIH hold?
OIH holds companies that provide oilfield services, equipment, and technology to the upstream oil and gas industry, including drilling contractors, equipment manufacturers, and service providers.
How does OIH perform during oil price declines?
OIH tends to be particularly sensitive to oil price declines as reduced drilling activity directly impacts service companies' revenues and profitability, often leading to sharper declines than broader energy ETFs.
Is OIH suitable for long-term holding?
While OIH can be held long-term, its concentrated sector focus makes it more suitable as a tactical allocation or for investors with specific views on oil services sector dynamics.
How frequently is OIH rebalanced?
OIH's underlying index is rebalanced quarterly to maintain its target allocations to the oil services sector's largest and most liquid companies.
Does OIH pay dividends?
OIH does pay dividends, though yields tend to be modest as many oil services companies prioritize capital preservation and reinvestment over dividend payments, especially during industry downturns.
Industry Overview
The VanEck Oil Services ETF (OIH) provides exposure to the oil services industry, a crucial segment of the broader energy sector. This industry comprises companies that provide essential services, equipment, and technology to oil and gas exploration and production companies. The oil services sector tends to be highly cyclical, with performance closely tied to oil prices, drilling activity levels, and capital expenditures by energy producers. Investing in OIH offers a way to gain exposure to the infrastructure side of the energy industry, which can differ from direct investments in oil producers or integrated energy companies. The sector has faced challenges from energy transition trends but remains vital for global energy supply, especially during periods of high oil demand or supply constraints.
Alternative Comparison
Compared to broader energy ETFs like XLE (Energy Select Sector SPDR), OIH offers more concentrated exposure to oil services companies rather than integrated oil majors. While XLE includes companies like Exxon and Chevron, OIH focuses on service providers such as Schlumberger and Halliburton. Against more specialized peers like IEZ (iShares U.S. Oil Equipment & Services ETF), OIH tends to have higher concentration in its top holdings but similar sector exposure. OIH's expense ratio of 0.35% is competitive with similar sector-specific ETFs, though slightly higher than broader energy funds. Unlike some leveraged oil ETFs, OIH provides direct equity exposure without the use of derivatives or leverage.
Issuer Overview
VanEck is a well-established asset manager with a history of offering specialized ETFs, particularly in the natural resources and hard assets sectors. The firm is known for its expertise in commodity and sector-specific investing, having launched some of the first gold miner ETFs and other niche market products. VanEck's ETFs typically focus on providing pure exposure to specific market segments, and OIH continues this tradition with its concentrated oil services focus.
Conclusion
The VanEck Oil Services ETF (OIH) offers investors a focused way to gain exposure to the oil services sector, which can provide leveraged exposure to oil price movements through the lens of service company performance. While this specialization offers potential upside during energy sector upswings, it also comes with heightened volatility and sector-specific risks. OIH may appeal to investors with a bullish outlook on oil prices and drilling activity, or those looking to complement broader energy holdings with more targeted exposure. As with any sector-specific investment, careful consideration of the cyclical nature of the oil services industry is essential.
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