VanEck Oil Services ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$297.08
- Net Assets:$0 Million
- NAV:$305.04
- Premium-2.61%
- Peer Rank:258 of 397
- Investment Rating:C+
- Performance:C+
- RiskC+
We rate VanEck Oil Services at C+. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The VanEck Oil Services has returned an annual rate of -5.76% since inception. More recently, the fund has generated a total return of 0.28% in the last five years, 12.38% in the last three years, and -6.44% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 14% of them. It has also outpaced 91% of its competitors on a three year basis and 8% of them over the last year for the period ending 2/29/2024. On a year to date basis, OIH has returned -1.46%.
Downside risk has been below average. OIH has a draw down risk of -28.03%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 41.1%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As OIH is an exchange traded fund, it has no front end or back end load.
The VanEck Oil Services is managed by Peter H. Liao at Van Eck Associates Corp. This fund is one of 54 Van Eck Associates Corp exchange-traded funds launched since 5/16/2006 that we track.