IEO vs. AMND
Compare and contrast key facts about iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).
IEO and AMND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020. Both IEO and AMND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEO or AMND.
Key characteristics
| IEO | AMND | |
|---|---|---|
| YTD Return | 12.73% | 13.97% |
| 1Y Return | 30.71% | 28.19% |
| 3Y Return (Ann) | 28.63% | 15.62% |
| Sharpe Ratio | 1.56 | 2.34 |
| Daily Std Dev | 20.67% | 12.30% |
| Max Drawdown | -79.17% | -18.21% |
| Current Drawdown | -6.68% | 0.00% |
Correlation
The correlation between IEO and AMND is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IEO vs. AMND - Performance Comparison
In the year-to-date period, IEO achieves a 12.73% return, which is significantly lower than AMND's 13.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEO vs. AMND - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is lower than AMND's 0.75% expense ratio.
Risk-Adjusted Performance
IEO vs. AMND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.
Dividends
IEO vs. AMND - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 2.50%, less than AMND's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.50% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 | 6.02% | 6.56% | 6.37% | 7.10% | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEO vs. AMND - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than AMND's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for IEO and AMND. For additional features, visit the drawdowns tool.
Volatility
IEO vs. AMND - Volatility Comparison
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 5.78% compared to ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) at 3.28%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than AMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.