The VanEck Vectors Oil Services ETF (OIH) is managed by VanEck, a global investment manager with a focus on providing innovative investment strategies to investors. Launched in December 2011, OIH seeks to replicate the performance of the MVIS U.S. Listed Oil Services 25 Index, which includes companies involved in oil equipment, oil services, or oil drilling. VanEck's commitment to delivering exposure to the oil services sector through OIH underscores its dedication to offering diversified investment opportunities to its clients in the energy industry.
The VanEck Vectors Oil Services ETF (OIH) primarily invests in securities that mirror the performance of the Oil Services Index. While dividends may not be the primary focus, investors in OIH can still benefit from dividend distributions, typically influenced by constituent companies' dividend policies and performances. Eligible companies for inclusion in the index must generate at least 50% of their revenues from oil services to the upstream oil sector, ensuring a focus on the oil equipment, services, and drilling industries. As of December 31, 2022, OIH included securities from companies with varying market capitalizations, reflecting the diversity within the oil services segment.
Tracking the Oil Services Index lies at the heart of the OIH (VanEck Vectors Oil Services ETF) strategy. OIH primarily invests in securities that comprise the Oil Services Index, which includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. These companies must generate at least 50% of their revenues from oil services to the upstream oil sector. OIH aims to replicate the performance of the Oil Services Index through a passive indexing investment approach, providing investors with exposure to the oil services industry without attempting to outperform the benchmark. With a focus on companies engaged in oil equipment, oil services, or oil drilling, OIH offers investors a way to track this specific segment of the energy market.
The correlation aspect of the VanEck Vectors Oil Services ETF (OIH) is essential for understanding its behavior in relation to the oil services sector. As OIH tracks the Oil Services Index, its correlation with the performance of companies engaged in oil equipment, services, and drilling is significant. This correlation makes OIH a valuable tool for investors looking to gain exposure to the oil services industry or to hedge against specific sector risks. For deeper insights into OIH's correlations and overlaps with other assets,
The OIH ETF primarily focuses on the oil services sector, investing in companies involved in oil equipment, oil services, or oil drilling. These companies typically generate at least 50% of their revenues from services to the upstream oil sector. The ETF includes both U.S. exchange-listed companies and foreign companies listed on U.S. exchanges, offering exposure to small- and medium-capitalization firms. OIH's investment strategy replicates the performance of the Oil Services Index, aiming to capture the overall trends and movements within the oil services industry. Given its concentrated exposure to this sector, OIH may carry higher risk compared to more diversified ETFs.
The exposure characteristic of the VanEck Vectors Oil Services ETF (OIH) underscores its focus on the oil services segment of the U.S. equity market. With a portfolio primarily comprised of common stocks and depositary receipts of U.S. exchange-listed companies in the oil services sector, OIH provides investors with targeted access to this specific industry. Companies included in the Oil Services Index, which OIH tracks, must generate at least 50% of their revenues from oil services to the upstream oil sector, ensuring a focused exposure. ETF Insider, with its web app and visualization tools, can offer in-depth analysis of OIH's exposure, helping investors understand correlations, overlaps, and sector concentrations within the ETF's holdings.
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