GXPE vs. IEO
GXPE (Global X PureCap MSCI Energy ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while IEO tracks the Dow Jones U.S. Select Oil Exploration & Production Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. GXPE charges 0.15%/yr vs 0.42%/yr for IEO.
Performance
GXPE vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, GXPE achieves a 20.25% return, which is significantly lower than IEO's 22.83% return.
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO
- 1D
- -1.28%
- 1M
- -8.41%
- YTD
- 22.83%
- 6M
- 23.60%
- 1Y
- 23.92%
- 3Y*
- 13.07%
- 5Y*
- 16.51%
- 10Y*
- 9.55%
GXPE vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 22.83% | 1.09% |
Correlation
The correlation between GXPE and IEO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.92 |
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Return for Risk
GXPE vs. IEO — Risk / Return Rank
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IEO
GXPE vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.
| GXPE | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.47 | — |
| Martin ratioReturn relative to average drawdown | — | 4.03 | — |
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Drawdowns
GXPE vs. IEO - Drawdown Comparison
The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for GXPE and IEO.
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Drawdown Indicators
| GXPE | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.89% | -79.17% | +64.28% |
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 | -14.64% | -15.40% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -26.23% | +22.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.94% | — |
Volatility
GXPE vs. IEO - Volatility Comparison
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Volatility by Period
| GXPE | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 25.50% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 30.53% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 34.98% | -14.24% |
GXPE vs. IEO - Expense Ratio Comparison
GXPE has a 0.15% expense ratio, which is lower than IEO's 0.42% expense ratio.
Dividends
GXPE vs. IEO - Dividend Comparison
GXPE's dividend yield for the trailing twelve months is around 1.00%, less than IEO's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 1.00% | 1.20% | 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 | 2.15% | 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
With a correlation of 0.92, GXPE and IEO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.42% for IEO.
IEO has the higher dividend yield at 2.15%, compared with 1.00% for GXPE.
GXPE tracks MSCI USA Energy PureCap Index, while IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for GXPE and 0.42% for IEO.
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