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DRLL vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRLL vs. IEZ

Last updated Jun 23, 2026

DRLL (Strive U.S. Energy ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while IEZ tracks the Dow Jones U.S. Select Oil Equipment & Services Index. Both are passively managed. Over the past 3 years, DRLL returned 12.27%/yr vs 15.98%/yr for IEZ. A 0.80 correlation means they provide meaningful diversification when combined. DRLL charges 0.41%/yr vs 0.42%/yr for IEZ.

Performance

DRLL vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DRLL achieves a 20.68% return, which is significantly lower than IEZ's 34.28% return.

DRLL

1D
1.39%
1M
-8.33%
YTD
20.68%
6M
21.93%
1Y
22.10%
3Y*
12.27%
5Y*
—
10Y*
—

IEZ

1D
1.05%
1M
-12.36%
YTD
34.28%
6M
34.61%
1Y
58.91%
3Y*
15.98%
5Y*
13.33%
10Y*
-1.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRLL vs. IEZ - Yearly Performance Comparison

2026 (YTD)2025202420232022
DRLL
Strive U.S. Energy ETF		20.68%7.74%0.02%-1.84%15.52%
IEZ
iShares U.S. Oil Equipment & Services ETF		34.28%7.51%-8.15%4.43%37.49%

Correlation

The correlation between DRLL and IEZ is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Aug 9, 2022

0.80

The correlation between DRLL and IEZ shifts across timeframes, from 0.67 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

DRLL vs. IEZ - Sectors Allocation Comparison

Sectors
DRLL
IEZ

Energy

99.2%
99.3%

Consumer Cyclical

0.8%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.7%

Real Estate

-

-

Technology

-

-

Utilities

-

1.0%

Energy

DRLL
99.2%
IEZ
99.3%

Consumer Cyclical

DRLL
0.8%
IEZ

-

Basic Materials

DRLL

-

IEZ

-

Communication Services

DRLL

-

IEZ

-

Consumer Defensive

DRLL

-

IEZ

-

Financial Services

DRLL

-

IEZ

-

Healthcare

DRLL

-

IEZ

-

Industrials

DRLL

-

IEZ
0.7%

Real Estate

DRLL

-

IEZ

-

Technology

DRLL

-

IEZ

-

Utilities

DRLL

-

IEZ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Strive U.S. Energy ETF

iShares U.S. Oil Equipment & Services ETF

Often compared with DRLL:
DRLL vs. USAIDRLL vs. XLEDRLL vs. VCLNDRLL vs. NUKZDRLL vs. VOODRLL vs. VDEDRLL vs. ULTY
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO

Return for Risk

DRLL vs. IEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRLL
DRLL Risk / Return Rank: 2727
Overall Rank
DRLL Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
DRLL Sortino Ratio Rank: 2626
Sortino Ratio Rank
DRLL Omega Ratio Rank: 2525
Omega Ratio Rank
DRLL Calmar Ratio Rank: 2828
Calmar Ratio Rank
DRLL Martin Ratio Rank: 3030
Martin Ratio Rank
IEZ
IEZ Risk / Return Rank: 6666
Overall Rank
IEZ Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 5858
Sortino Ratio Rank
IEZ Omega Ratio Rank: 5454
Omega Ratio Rank
IEZ Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEZ Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRLL vs. IEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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.

DRLLIEZDifference
Sharpe ratioReturn per unit of total volatility
0.97
2.01

-1.03

Sortino ratioReturn per unit of downside risk
1.39
2.65

-1.26

Omega ratioGain probability vs. loss probability

1.17

1.33

-0.16

Calmar ratioReturn relative to maximum drawdown

1.33

3.95

-2.62

Martin ratioReturn relative to average drawdown

3.99

14.17

-10.19

DRLL vs. IEZ - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 0.97, which is lower than the IEZ Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of DRLL and IEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DRLL vs. IEZ - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for DRLL and IEZ.

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Drawdown Indicators

DRLLIEZDifference

Max Drawdown

Largest peak-to-trough decline

-23.73%

-92.52%

+68.79%

Max Drawdown (1Y)

Largest decline over 1 year

-16.66%

-14.97%

-1.69%

Max Drawdown (3Y)

Largest decline over 3 years

-23.73%

-40.25%

+16.52%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-15.51%

-55.68%

+40.17%

Average Drawdown

Average peak-to-trough decline

-8.06%

-48.26%

+40.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.60%

4.23%

+1.37%

Volatility

DRLL vs. IEZ - Volatility Comparison

The current volatility for Strive U.S. Energy ETF (DRLL) is 7.94%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 9.92%. This indicates that DRLL experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRLLIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.94%

9.92%

-1.98%

Volatility (6M)

Calculated over the trailing 6-month period

18.53%

20.88%

-2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

22.82%

29.55%

-6.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.83%

36.32%

-12.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.83%

41.55%

-17.72%

DRLL vs. IEZ - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is lower than IEZ's 0.42% expense ratio.

Dividends

DRLL vs. IEZ - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.54%, more than IEZ's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
DRLL
Strive U.S. Energy ETF		2.54%2.99%3.00%3.01%1.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IEZ
iShares U.S. Oil Equipment & Services ETF		1.24%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%

Frequently Asked Questions

DRLL and IEZ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEZ has higher volatility (9.92%) compared to DRLL (7.94%). In terms of maximum drawdown, DRLL dropped -23.73% vs IEZ's -92.52%.

On 3-year performance, IEZ leads with 15.98% vs 12.27% for DRLL. On fees, DRLL is cheaper at 0.41% per year. On volatility, DRLL has been the lower-risk option at 7.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IEZ has performed better with a 15.98% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DRLL is cheaper with a 0.41% expense ratio, compared with 0.42% for IEZ.

DRLL has the higher dividend yield at 2.54%, compared with 1.24% for IEZ.

DRLL tracks Bloomberg US Energy Select Index, while IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index. They also come from different issuers: Strive and iShares. Their fees differ too: 0.41% for DRLL and 0.42% for IEZ.

IEZ currently has the higher Sharpe Ratio (2.01 vs 0.97), 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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