iShares U.S. Oil & Gas Exploration & Production ETF (IEO) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IEO
IEO charges 0.38% annually. There are 17 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.64B | Dec 1998 | IEO vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | IEO vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.00B | Sep 2004 | IEO vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 416.91M | Nov 2025 | IEO vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | IEO vs GXPE |
Best Risk-Adjusted Alternatives to IEO
IEO has a PortfoliosLab risk / return rank of 48. There are 41 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 93 | 251.28M | Aug 2015 | IEO vs CRAK | |
| FT Energy Income Partners Strategy ETF | 90 | 563.46M | Nov 2022 | IEO vs EIPX | |
| VanEck Natural Resources ETF | 88 | 301.41M | Aug 2008 | IEO vs HAP | |
| Invesco Dynamic Oil & Gas Services ETF | 86 | 61.59M | Oct 2005 | IEO vs PXJ | |
| State Street Energy Select Sector SPDR Premium Inc... | 82 | 47.69M | Jul 2025 | IEO vs XLEI |
Top Performing IEO Alternatives (YTD)
IEO is at 34.08% YTD. There are 11 ETFs in the Energy Equities category with higher YTD returns, going as high as 71.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 71.73% | 65.33M | Nov 2021 | IEO vs OILU | |
| Direxion Daily Energy Bull 2X Shares | 58.73% | 228.84M | Nov 2008 | IEO vs ERX | |
| Direxion Daily Energy Top 5 Bull 2X ETF | 53.80% | 2.82M | Oct 2025 | IEO vs TEXU | |
| Invesco Dynamic Oil & Gas Services ETF | 43.34% | 61.59M | Oct 2005 | IEO vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 42.44% | — | Jul 2025 | IEO vs DVXE |
Lowest Volatility Alternatives to IEO
IEO has 26.02% 1-year volatility. There are 54 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | IEO vs RAYS | |
| Macquarie Global Listed Infrastructure ETF | 10.98% | 6.30M | Nov 2023 | IEO vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.45% | 563.46M | Nov 2022 | IEO vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.53% | 1.31B | Nov 2022 | IEO vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.10% | 152.76M | Apr 2024 | IEO vs MDST |
Lowest Drawdown Alternatives to IEO
IEO has a 1-year max drawdown of -16.32%. There are 41 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 563.46M | Nov 2022 | IEO vs EIPX | |
| Westwood Salient Enhanced Midstream Income ETF | -5.98% | 152.76M | Apr 2024 | IEO vs MDST | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | IEO vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.31B | Nov 2022 | IEO vs BKGI | |
| Tortoise North American Pipeline Fund | -6.84% | 685.69M | Jun 2015 | IEO vs TPYP |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $869B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 2.16% | 99.95B | May 2020 | IEO vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.00% | 46.52B | Jan 2024 | IEO vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 89 | 76.42% | 44.69B | Jul 2001 | IEO vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 72 | 13.51% | 869.20B | May 2000 | IEO vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 91 | 15.18% | 42.77B | Jun 2014 | IEO vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 7 | -2.22% | 41.54B | Jul 2002 | IEO vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 34 | -12.96% | 28.08B | Apr 2006 | IEO vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 30 | -1.63% | 59.74B | Jan 2005 | IEO vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 76 | 22.29% | 80.11B | May 2000 | IEO vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 70 | 14.17% | 32.49B | Mar 2008 | IEO vs ACWI |
Often Compared With IEO
Investors most often compare IEO with FCG, DEO, PCEF. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare IEO with Any Fund or Stock
Compare IEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IEO with funds that move differently
iShares U.S. Oil & Gas Exploration & Production ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IEO.
Explore IEO Diversifiers