Market Vectors Oil Services ETF (OIH)
OIH tracks the Market Vectors US Listed Oil Services 25 Index. The index invests $1.39 billion of assets in 27 holdings. OIH devotes as much as 20.76% weight to SLB, followed by 12.7% in HAL. BHI gets the fifth spot with about 5.15% of the total allocation. OIH is cheap in the space with an expense ratio of 0.35%.
The fund is down about 9.5% so far this year (as of October 20, 2014) but has returned more than 1.6% since October 16. OIH has a Zacks ETF Rank #4 with a High risk outlook.
PowerShares Dynamic Oil & Gas Services Fund (PXJ)
This product offers exposure to 30 energy stocks with SLB, HAL and BHI at the first, fourth and sixth positions, respectively, allocating more than 5% of total assets to each. PXJ tracks the Dynamic Oil & Gas Services Intellidex Index and has amassed about $87.9 million thus far. The ETF charges 61 bps in fees, so it is a bit more expensive than some of its counterparts in the space.
The fund has added about 1.5% following the earnings release of the three companies, but lost about 15.4% year-to-date. PXJ has a Zacks ETF Rank #5 (Strong Sell) with a High risk outlook.
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