- ISIN
- US4642888519
- CUSIP
- 464288851
- Issuer
- iShares
- Inception Date
- May 5, 2006
- Region
- North America (U.S.)
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dow Jones U.S. Select Oil Exploration & Production Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $505M
Share Price Chart
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Performance
IEO Performance Chart
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is up 24.0% since the beginning of the year. IEO is currently trading at $110 per share. Investors who bought $1,000 worth of IEO shares 5 years ago would now be looking at an investment worth $2,208.
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Returns By Period
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has returned 23.98% so far this year and 20.16% over the past 12 months. Over the last ten years, IEO has returned 9.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares U.S. Oil & Gas Exploration & Production ETF
- 1D
- 2.04%
- 1M
- -7.55%
- YTD
- 23.98%
- 6M
- 24.56%
- 1Y
- 20.16%
- 3Y*
- 13.42%
- 5Y*
- 17.17%
- 10Y*
- 9.65%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IEO Monthly Returns History
Based on dividend-adjusted daily data since May 5, 2006, IEO's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +47.2%, while the worst month was Mar 2020 at -42.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IEO closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +21.7%, while the worst single day was Mar 9, 2020 at -25.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.09% | 10.31% | 15.77% | -1.67% | -7.10% | -3.46% | 23.98% | ||||||
| 2025 | 3.06% | 0.58% | 2.39% | -14.16% | 4.41% | 5.11% | 1.91% | 3.83% | -0.53% | -3.52% | 5.07% | -4.25% | 2.15% |
| 2024 | -1.22% | 3.88% | 12.51% | -2.46% | -1.55% | -2.62% | 0.39% | -2.25% | -5.63% | -0.08% | 8.82% | -9.34% | -1.45% |
| 2023 | 2.78% | -8.51% | -0.78% | 0.02% | -7.61% | 7.81% | 11.90% | 2.90% | 0.24% | -0.77% | -2.80% | 0.08% | 3.57% |
| 2022 | 16.36% | 8.50% | 9.80% | -1.81% | 17.78% | -19.73% | 10.53% | 7.83% | -8.87% | 20.92% | 0.50% | -7.09% | 57.82% |
| 2021 | 4.77% | 26.26% | 3.12% | 1.56% | 8.92% | 6.79% | -11.17% | 0.24% | 15.06% | 10.00% | -5.74% | 2.57% | 75.57% |
Benchmark Metrics
iShares U.S. Oil & Gas Exploration & Production ETF has an annualized alpha of -1.24%, beta of 1.23, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since May 05, 2006.
- This ETF participated in 120.09% of S&P 500 Index downside but only 106.13% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.24%
- Beta
- 1.23
- R²
- 0.46
- Upside Capture
- 106.13%
- Downside Capture
- 120.09%
Expense Ratio
IEO has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IEO ranks 24 for risk / return — below 24% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.78 | -1.54 |
| Martin ratioReturn relative to average drawdown | 3.49 | 12.44 | -8.95 |
Dividends
Dividend History
iShares U.S. Oil & Gas Exploration & Production ETF provided a 2.13% dividend yield over the last twelve months, with an annual payout of $2.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.33 | $2.33 | $2.35 | $2.80 | $3.51 | $1.60 | $1.14 | $1.03 | $0.86 | $0.61 | $0.64 | $1.08 |
Dividend yield | 2.13% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Oil & Gas Exploration & Production ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.51 | $1.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.64 | $2.33 |
| 2024 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.53 | $2.35 |
| 2023 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.97 | $2.80 |
| 2022 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $1.22 | $0.00 | $0.00 | $1.14 | $3.51 |
| 2021 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.57 | $1.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Oil & Gas Exploration & Production ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Oil & Gas Exploration & Production ETF was 79.17%, occurring on Mar 18, 2020. Recovery took 510 trading sessions.
The current iShares U.S. Oil & Gas Exploration & Production ETF drawdown is 14.61%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -79.17%Mar 2020 | 5y 8mo | 2y 7d | 7y 9moJun 2014 - Mar 2022 |
Financial crisis2007–2009 | -66.42%Mar 2009 | 8mo 11d | 5y 27d | 5y 9moJun 2008 - Mar 2014 |
2025 selloff2025 | -31.46%Apr 2025 | 1y | 10mo 18d | 1y 10moApr 2024 - Feb 2026 |
Bear market2022 | -30.63%Jul 2022 | 1mo 6d | 3mo 26d | 5mo 2dJun 2022 - Nov 2022 |
2023 bear market2023 | -24.25%Mar 2023 | 3mo 29d | 1y | 1y 3moNov 2022 - Mar 2024 |
Drawdown Indicators
| IEO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -56.78% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -9.10% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -31.46% | -18.90% | -12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -25.43% | -6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -75.00% | -33.92% | -41.08% |
Current DrawdownCurrent decline from peak | -14.61% | -1.80% | -12.81% |
Average DrawdownAverage peak-to-trough decline | -26.23% | -10.71% | -15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 2.03% | +3.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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