VanEck Oil Services ETF (OIH) Performance
OIH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +39.5% since Dec 31, 2025
- 1 year
- +44.9% total return
- 5 years
- +14.0% a year
- 10 years
- −2.5% a year
- Since first price
- −0.1% a year since 2001
OIH trailing returns vs SPY, QQQ, AGG
| Period | OIH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.8% | +3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.6% | −6.6% | +7.8% | +8.4% | −1.5% |
| YTD | +39.5% | +39.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +44.9% | +42.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +23.6%+7.3%/yr | +17.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +92.5%+14.0%/yr | +79.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −22.3%−2.5%/yr | −34.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −35.3%−2.9%/yr | −50.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −31.1%−1.8%/yr | −54.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionFeb 7, 2001 | −2.2%−0.1%/yr | −37.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OIH vs SPY
From Feb 7, 2001: OIH grew to $9,784, SPY to $89,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OIH returns by calendar year
14 of 24 full years positive. Best 2022 (+66.2%), worst 2008 (−60.1%). 2026 is year to date.
OIH annual returns table
| Year | OIH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +39.5% | −20.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.8% | −34.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −10.5% | −24.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.2% | −25.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +66.2% | −36.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.2% | −31.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −41.2% | −75.4% | +18.3% | +48.6% | +7.5% |
| 2019 | −3.4% | −41.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −45.0% | −53.9% | −4.6% | −0.1% | +0.1% |
| 2017 | −19.7% | −37.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +27.8% | −20.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −24.5% | −32.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −23.6% | −41.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +25.9% | −11.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +5.6% | −25.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −17.6% | −39.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +20.3% | −33.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +64.2% | −22.8% | +26.4% | +54.7% | +3.0% |
| 2008 | −60.1% | −70.5% | −36.8% | −41.7% | +7.9% |
| 2007 | +44.8% | −14.3% | +5.1% | +19.0% | +6.6% |
| 2006 | +9.1% | −27.9% | +15.8% | +7.1% | +3.9% |
| 2005 | +52.3% | −14.3% | +4.8% | +1.6% | +2.3% |
| 2004 | +38.0% | −14.1% | +10.7% | +10.5% | +3.8% |
| 2003 | +9.0% | −18.8% | +28.2% | +49.7% | — |
| 2002 | −5.3% | −38.5% | −21.6% | −37.4% | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OIH largest drawdowns
Now 63.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 23, 2008 | −94.2% | Mar 18, 2020 | not yet | 11.7 years | 18.3 years so far |
| Mar 8, 2001 | −56.0% | Sep 26, 2001 | Feb 16, 2005 | 7 months | 3.9 years |
| May 10, 2006 | −27.9% | Oct 3, 2006 | May 17, 2007 | 5 months | 1.0 years |
| Dec 26, 2007 | −19.3% | Feb 6, 2008 | Apr 14, 2008 | 42 days | 4 months |
| Jan 30, 2006 | −14.9% | Mar 9, 2006 | Apr 19, 2006 | 38 days | 3 months |
| Sep 29, 2005 | −14.3% | Oct 20, 2005 | Nov 22, 2005 | 21 days | 54 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OIH risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2001 |
|---|---|---|---|---|
| Annualized return | +4.9% | +15.6% | −2.6% | +0.0% |
| Volatility (annualized) | 29.8% | 37.6% | 45.0% | 36.9% |
| Sharpe ratio | 0.16 | 0.47 | 0.13 | — |
| Sortino ratio | 0.24 | 0.82 | 0.19 | — |
| Best month | +22.3% | +41.4% | +44.1% | +44.1% |
| Worst month | −20.2% | −20.7% | −55.2% | −55.2% |
| Best 12 months | +118.1% | +118.1% | +140.6% | +140.6% |
| Worst 12 months | −31.8% | −31.8% | −76.1% | −76.1% |
| Positive months | 58% | 58% | 55% | 54% |
| Beta vs S&P 500 | 0.77 | 0.97 | 1.73 | — |
| Correlation with S&P 500 | 0.32 | 0.40 | 0.59 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OIH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 297 | −76.1% | +6.1% | +140.6% | 56% |
| 3-year (a year) | 273 | −48.1% | +0.1% | +53.9% | 50% |
| 5-year (a year) | 249 | −33.2% | −0.4% | +32.6% | 49% |
| 10-year (a year) | 189 | −19.0% | −5.0% | +12.4% | 29% |
Every holding period starting at a month-end since 2001. Returns for 3 years and longer are annualized.
OIH performance overview
VanEck Oil Services ETF (OIH) returned +44.9% over the past year and −2.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2001 it has returned −0.1% a year, turning $10,000 into about $9,784. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −94.2%, from Jun 23, 2008 to Mar 18, 2020; the fund has not yet regained that high. OIH finished 14 of its 24 full calendar years with a gain; the best year was 2022 (+66.2%) and the worst 2008 (−60.1%). Volatility has been 36.9% a year.
Related: OIH chart, OIH holdings, OIH dividends, OIH valuation. See the OIH overview for the latest quote and fund facts.
OIH performance FAQ
What is the OIH return over the past year?
OIH returned +44.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 42.4%.
What is the average annual return of OIH?
OIH has returned +14.0% a year over 5 years, −2.5% a year over 10 years, −0.1% a year since February 7, 2001 (total return, distributions reinvested).
How much would $10,000 invested in OIH be worth?
$10,000 invested in OIH at its first recorded close on February 7, 2001 would be worth about $9,784 on October 23, 2026 with distributions reinvested.
What was the worst year for OIH?
The worst calendar year was 2008, with a total return of −60.1%. The best was 2022 at +66.2%.
What is the biggest drawdown of OIH?
The largest peak-to-trough decline was −94.2% between June 23, 2008 and March 18, 2020. It has not yet recovered to that high; it is 63.3% below its peak.
How volatile is OIH?
Over the past 3 years OIH had an annualized volatility of 29.8% and a Sharpe ratio of 0.16 (excess return over 1–3 month T-bills per unit of risk).