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IEO vs. INFR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEO vs. INFR

Last updated Jun 4, 2026

IEO (iShares U.S. Oil & Gas Exploration & Production ETF) and INFR (ClearBridge Sustainable Infrastructure ETF) are both Energy Equities funds - IEO tracks the Dow Jones U.S. Select Oil Exploration & Production Index while INFR tracks the RARE Global Infrastructure Index. Both are passively managed. Over the past 3 years, IEO returned 16.01%/yr vs 5.55%/yr for INFR. At a 0.17 correlation, their price movements are largely independent. IEO charges 0.42%/yr vs 0.59%/yr for INFR.

Performance

IEO vs. INFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and ClearBridge Sustainable Infrastructure ETF (INFR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEO achieves a 34.59% return, which is significantly higher than INFR's 1.41% 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%

INFR

1D
0.00%
1M
0.00%
YTD
1.41%
6M
0.97%
1Y
7.79%
3Y*
5.55%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEO vs. INFR - Yearly Performance Comparison

2026 (YTD)2025202420232022
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		34.59%2.15%-1.45%3.57%2.83%
INFR
ClearBridge Sustainable Infrastructure ETF		1.41%24.00%-6.23%5.20%-0.19%

Correlation

The correlation between IEO and INFR is 0.03, 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

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2022

0.17

The correlation between IEO and INFR shifts across timeframes, from 0.03 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

IEO vs. INFR - Sectors Allocation Comparison

Sectors
IEO
INFR

Energy

99.3%

-

Basic Materials

0.7%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

27.5%

Real Estate

-

4.1%

Technology

-

-

Utilities

-

68.5%

Energy

IEO
99.3%
INFR

-

Basic Materials

IEO
0.7%
INFR

-

Communication Services

IEO

-

INFR

-

Consumer Cyclical

IEO

-

INFR

-

Consumer Defensive

IEO

-

INFR

-

Financial Services

IEO

-

INFR

-

Healthcare

IEO

-

INFR

-

Industrials

IEO

-

INFR
27.5%

Real Estate

IEO

-

INFR
4.1%

Technology

IEO

-

INFR

-

Utilities

IEO

-

INFR
68.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Oil & Gas Exploration & Production ETF

ClearBridge Sustainable Infrastructure ETF

Often compared with IEO:
IEO vs. XLEIEO vs. VDEIEO vs. FCGIEO vs. FENYIEO vs. DEOIEO vs. AMNDIEO vs. PCEF
Often compared with INFR:
INFR vs. DTCRINFR vs. IGFINFR vs. ICAPINFR vs. GIN.LINFR vs. SPYINFR vs. EFAVINFR vs. QUAL

Return for Risk

IEO vs. INFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEO
IEO Risk / Return Rank: 4545
Overall Rank
IEO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
IEO Sortino Ratio Rank: 4141
Sortino Ratio Rank
IEO Omega Ratio Rank: 4040
Omega Ratio Rank
IEO Calmar Ratio Rank: 5656
Calmar Ratio Rank
IEO Martin Ratio Rank: 4545
Martin Ratio Rank
INFR
INFR Risk / Return Rank: 2727
Overall Rank
INFR Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
INFR Sortino Ratio Rank: 2525
Sortino Ratio Rank
INFR Omega Ratio Rank: 3131
Omega Ratio Rank
INFR Calmar Ratio Rank: 2626
Calmar Ratio Rank
INFR Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEO vs. INFR - 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 ClearBridge Sustainable Infrastructure ETF (INFR). 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.

IEOINFRDifference
Sharpe ratioReturn per unit of total volatility
1.61
0.93

+0.68

Sortino ratioReturn per unit of downside risk
2.12
1.36

+0.76

Omega ratioGain probability vs. loss probability

1.26

1.21

+0.06

Calmar ratioReturn relative to maximum drawdown

2.82

1.28

+1.54

Martin ratioReturn relative to average drawdown

7.63

3.97

+3.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEO vs. INFR - Sharpe Ratio Comparison

The current IEO Sharpe Ratio is 1.61, which is higher than the INFR Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of IEO and INFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IEOINFRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.61

0.93

+0.68

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

0.46

-0.29

Drawdowns

IEO vs. INFR - Drawdown Comparison

The maximum IEO drawdown since its inception was -79.17%, which is greater than INFR's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for IEO and INFR.

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Drawdown Indicators

IEOINFRDifference

Max Drawdown

Largest peak-to-trough decline

-79.17%

-19.28%

-59.89%

Max Drawdown (1Y)

Largest decline over 1 year

-14.30%

-6.43%

-7.87%

Max Drawdown (3Y)

Largest decline over 3 years

-31.46%

-18.55%

-12.91%

Max Drawdown (5Y)

Largest decline over 5 years

-31.46%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-75.00%

—

—

Current Drawdown

Current decline from peak

-7.30%

-0.70%

-6.60%

Average Drawdown

Average peak-to-trough decline

-26.27%

-4.93%

-21.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.28%

2.04%

+3.24%

Volatility

IEO vs. INFR - Volatility Comparison

iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 9.32% compared to ClearBridge Sustainable Infrastructure ETF (INFR) at 0.00%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than INFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEOINFRDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.32%

0.00%

+9.32%

Volatility (6M)

Calculated over the trailing 6-month period

19.86%

3.79%

+16.07%

Volatility (1Y)

Calculated over the trailing 1-year period

25.15%

9.00%

+16.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.54%

14.26%

+16.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.00%

14.26%

+20.74%

IEO vs. INFR - Expense Ratio Comparison

IEO has a 0.42% expense ratio, which is lower than INFR's 0.59% expense ratio.

Dividends

IEO vs. INFR - Dividend Comparison

IEO's dividend yield for the trailing twelve months is around 1.97%, less than INFR's 2.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
INFR
ClearBridge Sustainable Infrastructure ETF		2.49%2.52%2.36%3.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IEO and INFR have a correlation of 0.03, 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 INFR (0.00%). In terms of maximum drawdown, IEO dropped -79.17% vs INFR's -19.28%.

On 3-year performance, IEO leads with 16.01% vs 5.55% for INFR. On fees, IEO is cheaper at 0.42% per year. On volatility, INFR has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IEO has performed better with a 16.01% return vs 5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEO is cheaper with a 0.42% expense ratio, compared with 0.59% for INFR.

INFR has the higher dividend yield at 2.49%, compared with 1.97% for IEO.

IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index, while INFR tracks RARE Global Infrastructure Index. They also come from different issuers: iShares and ClearBridge. Their fees differ too: 0.42% for IEO and 0.59% for INFR.

IEO currently has the higher Sharpe Ratio (1.61 vs 0.93), 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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