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 10.29%/yr vs -0.54%/yr for DEO. At a 0.30 correlation, their price movements are largely independent.
Performance
IEO vs. DEO - Performance Comparison
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Returns By Period
In the year-to-date period, IEO achieves a 33.66% return, which is significantly higher than DEO's -3.40% return. Over the past 10 years, IEO has outperformed DEO with an annualized return of 10.29%, while DEO has yielded a comparatively lower -0.54% annualized return.
IEO
- 1D
- 3.89%
- 1M
- 2.49%
- 6M
- 31.69%
- YTD
- 33.66%
- 1Y
- 30.08%
- 3Y*
- 13.87%
- 5Y*
- 20.94%
- 10Y*
- 10.29%
DEO
- 1D
- 0.57%
- 1M
- 0.87%
- 6M
- -8.31%
- YTD
- -3.40%
- 1Y
- -17.42%
- 3Y*
- -20.04%
- 5Y*
- -13.37%
- 10Y*
- -0.54%
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 | 33.66% | 2.15% | -1.45% | 3.57% | 57.82% | 75.57% | -32.77% | 9.63% | -19.44% | 0.33% |
DEO Diageo plc | -3.40% | -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 -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
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 -0.00 (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 | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.49 | +2.34 |
| Martin ratioReturn relative to average drawdown | 4.62 | -0.82 | +5.44 |
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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% | -56.07% | +24.61% |
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 | -7.94% | -57.92% | +49.98% |
Average DrawdownAverage peak-to-trough decline | -26.20% | -13.14% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 21.25% | -14.67% |
Volatility
IEO vs. DEO - Volatility Comparison
The current volatility for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is 8.25%, while Diageo plc (DEO) has a volatility of 8.93%. 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 | 8.25% | 8.93% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.23% | 26.95% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 32.83% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.46% | 25.00% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.93% | 23.40% | +11.53% |
Dividends
IEO vs. DEO - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.97%, less than DEO's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEO Diageo plc | 4.02% | 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 | 1.97% | 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 DEO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEO has higher volatility (8.93%) compared to IEO (8.25%). In terms of maximum drawdown, IEO dropped -79.17% vs DEO's -63.41%.
IEO currently has the higher Sharpe Ratio (1.18 vs -0.53), 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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