IEO vs. DEO
IEO (iShares U.S. Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index, while DEO (Diageo plc) is a stock. Over the past 10 years, IEO returned 11.48%/yr vs -0.14%/yr for DEO. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
IEO vs. DEO - Performance Comparison
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Returns By Period
In the year-to-date period, IEO achieves a 42.54% return, which is significantly higher than DEO's 3.11% return. Over the past 10 years, IEO has outperformed DEO with an annualized return of 11.48%, while DEO has yielded a comparatively lower -0.14% annualized return.
IEO
- 1D
- 1.37%
- 1M
- 14.08%
- 6M
- 29.47%
- YTD
- 42.54%
- 1Y
- 47.44%
- 3Y*
- 12.66%
- 5Y*
- 23.53%
- 10Y*
- 11.48%
- ALL TIME*
- 6.22%
DEO
- 1D
- -1.12%
- 1M
- 7.18%
- 6M
- -4.15%
- YTD
- 3.11%
- 1Y
- -6.34%
- 3Y*
- -17.93%
- 5Y*
- -12.60%
- 10Y*
- -0.14%
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DEO Diageo plc | $88.28M | $81.71M | $94.75M |
| $7.85M | $6.98M | $8.74M |
IEO vs. DEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 42.54% | 2.15% | -1.45% | 3.57% | 57.82% | 75.57% | -32.77% | 9.63% | -19.44% | 0.33% |
DEO Diageo plc | 3.11% | -29.31% | -10.09% | -16.28% | -17.40% | 41.72% | -3.26% | 21.39% | -0.43% | 44.13% |
Correlation
The correlation between IEO and DEO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.30 |
The correlation between IEO and DEO shifts across timeframes, from -0.04 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEO vs. DEO — Risk / Return Rank
IEO
DEO
IEO vs. DEO - 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 Diageo plc (DEO). 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.
| IEO | DEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.19 | +2.83 |
| Martin ratioReturn relative to average drawdown | 6.61 | -0.31 | +6.92 |
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Drawdowns
IEO vs. DEO - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than DEO's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for IEO and DEO.
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Drawdown Indicators
| IEO | DEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -63.41% | -15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -35.52% | +19.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.46% | -54.50% | +23.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -63.41% | +31.95% |
Max Drawdown (10Y)Largest decline over 10 years | -75.00% | -63.41% | -11.59% |
Current DrawdownCurrent decline from peak | -1.83% | -55.09% | +53.26% |
Average DrawdownAverage peak-to-trough decline | -26.14% | -13.22% | -12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 21.94% | -15.40% |
Volatility
IEO vs. DEO - Volatility Comparison
The current volatility for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is 7.46%, while Diageo plc (DEO) has a volatility of 9.50%. This indicates that IEO experiences smaller price fluctuations and is considered to be less risky than DEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEO | DEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 9.50% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 27.42% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 33.30% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 25.19% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.91% | 23.48% | +11.43% |
Dividends
IEO vs. DEO - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.85%, less than DEO's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | 3.77% | 4.80% | 3.26% | 2.77% | 2.16% | 1.82% | 2.29% | 2.07% | 2.51% | 2.18% | 3.00% | 3.13% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.85% | 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 DEO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEO has higher volatility (9.50%) compared to IEO (7.46%). In terms of maximum drawdown, IEO dropped -79.17% vs DEO's -63.41%.
IEO currently has the higher Sharpe Ratio (1.67 vs -0.21), 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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