OIH vs TPYP

OIHBVanEck Oil Services ETF

TPYPCTortoise North American Pipeline ETF

In short

OIH OIH skips the barrels and buys the picks and shovels: the drillers, equipment makers and service crews that get paid to punch holes in the ground. Roughly two dozen U.S.-listed names, running since 2011, priced below the energy-fund norm.

TPYP Most energy ETFs chase drilling. TPYP buys the plumbing: roughly 60 US and Canadian pipeline and midstream companies, tracked through a Tortoise index, in a plain 1940 Act fund that sends a 1099 instead of a partnership K-1.

Stated mandate

OIH The fund seeks to track the price and yield performance of an index representing U.S.-listed companies involved in upstream oil services, including oil equipment, oil services, and oil drilling.

TPYP The Fund seeks to track, before fees and expenses, the price and total-return performance of the Tortoise North American Pipeline Index.

Why people hold it

• OIH Owns the toolmakers, not the oil: upstream equipment, services and drilling companies. A different engine than a fund stuffed with producers.vaneck.com
• 0.35% a year, a shade under the typical fee in its energy cohort and level with XOP, the broad exploration-and-production alternative.
• A billion-dollar-plus fund whose trading quality rates among the best in its energy peer group, so getting in and out is rarely the expensive part.
• The lineup comes from a published rulebook, the MVIS US Listed Oil Services 25 Index, not a manager's hunch about which driller wins next.vaneck.com

• TPYP Owns the plumbing rather than the drill bits: roughly 60 pipeline and midstream names across the US and Canada, in one ticker.
• Built as a 1940 Act registered fund, so shareholders get a 1099 at tax time instead of the partnership K-1 that comes with owning MLPs directly.
• Trading since 2015 with a mid-size asset base, and it distributes on a quarterly schedule.

Worth knowing

• OIH Roughly two dozen stocks in one slice of one sector. That concentration cuts both ways and makes this the jumpier end of energy.
• You own contractors, not reserves. Their sales track what customers spend on drilling, which is a step removed from the oil price itself.vaneck.com
• Cash comes back once or twice a year at most, so income is a byproduct of the strategy rather than the point of it.

• TPYP The 0.40% fee sits a shade above the typical fund in its energy cohort and well above the cheapest name there, PBOG at 0.13%.
• The benchmark is Tortoise's own North American Pipeline Index, so the fund and the rulebook it follows come from the same house.
• One sector, two countries: energy infrastructure in the US and Canada, with Canadian holdings adding currency exposure.

Full OIH profile⁠

Full TPYP profile⁠