IEO vs. AVGB
IEO (iShares U.S. Oil & Gas Exploration & Production ETF) and AVGB (Avantis Credit ETF) are both exchange-traded funds - IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index, while AVGB is a Global Bonds fund actively managed by Avantis. IEO is passively managed, while AVGB is actively managed. Over the past year, IEO returned 40.11% vs 4.63% for AVGB. At a correlation of -0.30, they often move in opposite directions. IEO charges 0.42%/yr vs 0.19%/yr for AVGB.
Performance
IEO vs. AVGB - Performance Comparison
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Returns By Period
In the year-to-date period, IEO achieves a 34.59% return, which is significantly higher than AVGB's 0.71% return.
IEO
- 1D
- 1.66%
- 1M
- -3.23%
- YTD
- 34.59%
- 6M
- 26.42%
- 1Y
- 40.11%
- 3Y*
- 16.01%
- 5Y*
- 18.96%
- 10Y*
- 10.42%
AVGB
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 0.71%
- 6M
- 0.83%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO vs. AVGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 34.59% | 12.06% |
AVGB Avantis Credit ETF | 0.71% | 4.89% |
Correlation
The correlation between IEO and AVGB 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 (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025 | -0.30 |
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Return for Risk
IEO vs. AVGB — Risk / Return Rank
IEO
AVGB
IEO vs. AVGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Avantis Credit ETF (AVGB). 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.
| IEO | AVGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.19 | +0.63 |
| Martin ratioReturn relative to average drawdown | 7.63 | 8.16 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEO | AVGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.87 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 2.02 | -1.85 |
Drawdowns
IEO vs. AVGB - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than AVGB's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for IEO and AVGB.
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Drawdown Indicators
| IEO | AVGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -2.12% | -77.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -2.12% | -12.18% |
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 | -7.30% | -0.50% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -26.27% | -0.33% | -25.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 0.57% | +4.71% |
Volatility
IEO vs. AVGB - Volatility Comparison
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 9.32% compared to Avantis Credit ETF (AVGB) at 0.83%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than AVGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEO | AVGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 0.83% | +8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.86% | 1.91% | +17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 2.48% | +22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 2.49% | +28.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 2.49% | +32.51% |
IEO vs. AVGB - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is higher than AVGB's 0.19% expense ratio.
Dividends
IEO vs. AVGB - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.97%, less than AVGB's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGB Avantis Credit ETF | 3.46% | 3.49% | 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 | 1.97% | 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
IEO and AVGB 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.
IEO has higher volatility (9.32%) compared to AVGB (0.83%). In terms of maximum drawdown, IEO dropped -79.17% vs AVGB's -2.12%.
On 1-year performance, IEO leads with 40.11% vs 4.63% for AVGB. On fees, AVGB is cheaper at 0.19% per year. On volatility, AVGB has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEO has performed better with a 40.11% return vs 4.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVGB is cheaper with a 0.19% expense ratio, compared with 0.42% for IEO.
AVGB has the higher dividend yield at 3.46%, compared with 1.97% for IEO.
IEO is categorized as Energy Equities, while AVGB is Global Bonds. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.42% for IEO and 0.19% for AVGB.
AVGB currently has the higher Sharpe Ratio (1.87 vs 1.61), 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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