OIH vs XLE: Holdings Overlap
VanEck · 25 holdings · $1.9B · as of 2026-03-31
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
Holdings snapshots are 128 days apart (OIH: 2026-03-31, XLE: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are OIH and XLE?
VanEck Oil Services ETF (OIH, by VanEck) holds 25 positions; State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22. They have 3 holdings in common, and by portfolio weight the two funds are 10.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3OIH holds 25 · XLE holds 22
- Weight in Shared Holdings
- OIH 39%·XLE 10%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in OIH
22 of 25 positions (60.8% of the fund) are not held by XLE.
Sector Breakdown
| Sector | OIH | XLE |
|---|---|---|
| Energy | 99.9% | 99.8% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| OIH | +6.0% | +36.4% | +67.5% | +6.4% | +17.5% | -2.1% | 1.25% |
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in OIH vs XLE →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by SLB, BKR and HAL.
Frequently Asked Questions
How much do OIH and XLE overlap?
OIH and XLE overlap by 10.3% of portfolio weight. They share 3 holdings (OIH holds 25 positions and XLE holds 22), based on each fund's latest SEC-reported holdings.
Is it redundant to own both OIH and XLE?
The two portfolios are 10.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of OIH and XLE?
The largest positions held by both funds are SLB, BKR and HAL. Together the top 3 shared positions account for 100% of the total overlap.
What does OIH own that XLE doesn't?
22 positions (60.8% of OIH) are unique to OIH, led by FTI, TS and NE. In the other direction, 19 positions (89.5% of XLE) are unique to XLE.