GSGO vs. IEO
GSGO (Goldman Sachs Growth Opportunities ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - GSGO is a Large Cap Growth Equities fund actively managed by Goldman Sachs, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. GSGO is actively managed, while IEO is passively managed. At a correlation of -0.31, they often move in opposite directions. GSGO charges 0.45%/yr vs 0.42%/yr for IEO.
Performance
GSGO vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, GSGO achieves a 11.09% return, which is significantly lower than IEO's 28.66% return.
GSGO
- 1D
- 0.41%
- 1M
- 2.34%
- 6M
- 9.93%
- YTD
- 11.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO
- 1D
- -0.11%
- 1M
- -1.35%
- 6M
- 26.13%
- YTD
- 28.66%
- 1Y
- 25.21%
- 3Y*
- 11.72%
- 5Y*
- 18.76%
- 10Y*
- 9.65%
GSGO vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSGO Goldman Sachs Growth Opportunities ETF | 11.09% | 0.81% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 28.66% | -4.99% |
Correlation
The correlation between GSGO and IEO is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.31 |
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Return for Risk
GSGO vs. IEO — Risk / Return Rank
GSGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IEO
GSGO vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) 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.
| GSGO | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.56 | — |
| Martin ratioReturn relative to average drawdown | — | 3.89 | — |
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Drawdowns
GSGO vs. IEO - Drawdown Comparison
The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for GSGO and IEO.
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Drawdown Indicators
| GSGO | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -79.17% | +65.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.00% | — |
Current DrawdownCurrent decline from peak | -1.94% | -11.39% | +9.45% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -26.20% | +23.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.56% | — |
Volatility
GSGO vs. IEO - Volatility Comparison
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Volatility by Period
| GSGO | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 25.45% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 30.40% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 34.92% | -15.99% |
GSGO vs. IEO - Expense Ratio Comparison
GSGO has a 0.45% expense ratio, which is higher than IEO's 0.42% expense ratio.
Dividends
GSGO vs. IEO - Dividend Comparison
GSGO has not paid dividends to shareholders, while IEO's dividend yield for the trailing twelve months is around 2.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSGO Goldman Sachs Growth Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.05% | 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
GSGO and IEO have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEO is cheaper with a 0.42% expense ratio, compared with 0.45% for GSGO.
IEO has the higher dividend yield at 2.05%, compared with 0.00% for GSGO.
GSGO is categorized as Large Cap Growth Equities, while IEO is Energy Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.45% for GSGO and 0.42% for IEO.
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