DEO vs. IEO
DEO (Diageo plc) is a stock, while IEO (iShares U.S. Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. Over the past 10 years, DEO returned -0.06%/yr vs 10.74%/yr for IEO. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
DEO vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, DEO achieves a 3.63% return, which is significantly lower than IEO's 40.31% return. Over the past 10 years, DEO has underperformed IEO with an annualized return of -0.06%, while IEO has yielded a comparatively higher 10.74% annualized return.
DEO
- 1D
- 0.51%
- 1M
- 7.73%
- 6M
- -2.81%
- YTD
- 3.63%
- 1Y
- -5.86%
- 3Y*
- -16.96%
- 5Y*
- -12.71%
- 10Y*
- -0.06%
- ALL TIME*
- 7.46%
IEO
- 1D
- -1.56%
- 1M
- 12.30%
- 6M
- 30.88%
- YTD
- 40.31%
- 1Y
- 45.13%
- 3Y*
- 12.01%
- 5Y*
- 23.78%
- 10Y*
- 10.74%
- ALL TIME*
- 6.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DEO Diageo plc | $87.76M | $81.35M | $94.33M |
| $8.31M | $7.48M | $8.62M |
DEO vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | 3.63% | -29.31% | -10.09% | -16.28% | -17.40% | 41.72% | -3.26% | 21.39% | -0.43% | 44.13% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 40.31% | 2.15% | -1.45% | 3.57% | 57.82% | 75.57% | -32.77% | 9.63% | -19.44% | 0.33% |
Correlation
The correlation between DEO and IEO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.30 |
The correlation between DEO and IEO shifts across timeframes, from -0.04 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DEO vs. IEO — Risk / Return Rank
DEO
IEO
DEO vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diageo plc (DEO) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| DEO | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.78 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.27 | 6.95 | -7.22 |
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Drawdowns
DEO vs. IEO - Drawdown Comparison
The maximum DEO drawdown since its inception was -63.41%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for DEO and IEO.
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Drawdown Indicators
| DEO | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.41% | -79.17% | +15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -35.52% | -16.32% | -19.20% |
Max Drawdown (3Y)Largest decline over 3 years | -54.50% | -31.46% | -23.04% |
Max Drawdown (5Y)Largest decline over 5 years | -63.41% | -31.46% | -31.95% |
Max Drawdown (10Y)Largest decline over 10 years | -63.41% | -75.00% | +11.59% |
Current DrawdownCurrent decline from peak | -54.86% | -3.36% | -51.50% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -26.13% | +12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 6.51% | +15.47% |
Volatility
DEO vs. IEO - Volatility Comparison
Diageo plc (DEO) has a higher volatility of 8.64% compared to iShares U.S. Oil & Gas Exploration & Production ETF (IEO) at 7.79%. This indicates that DEO's price experiences larger fluctuations and is considered to be riskier than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEO | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 7.79% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 27.36% | 20.54% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.03% | 25.78% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 30.26% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 34.91% | -11.43% |
Dividends
DEO vs. IEO - Dividend Comparison
DEO's dividend yield for the trailing twelve months is around 3.75%, more than IEO's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | 3.75% | 4.80% | 3.26% | 2.77% | 2.16% | 1.82% | 2.29% | 2.07% | 2.51% | 2.18% | 3.00% | 3.13% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.88% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
Frequently Asked Questions
DEO and IEO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEO has higher volatility (8.64%) compared to IEO (7.79%). In terms of maximum drawdown, DEO dropped -63.41% vs IEO's -79.17%.
IEO currently has the higher Sharpe Ratio (1.76 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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