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IEO vs. INFR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEO vs. INFR

Last updated Jul 15, 2026
Documentation

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. At a 0.16 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

IEO

1D
0.41%
1M
2.91%
6M
30.61%
YTD
34.21%
1Y
31.84%
3Y*
14.02%
5Y*
21.52%
10Y*
10.34%

INFR

1D
—
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
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		34.21%2.15%-1.45%3.57%1.12%
INFR
ClearBridge Sustainable Infrastructure ETF		1.41%24.00%-6.23%5.20%-0.19%

Correlation

The correlation between IEO and INFR is 0.08, 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

0.08

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

0.12

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2022

0.16

IEO vs. INFR - Sectors Allocation Comparison

Sectors
IEO
INFR

Energy

99.3%

-

Industrials

1.0%
27.5%

Basic Materials

0.7%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

4.1%

Technology

-

-

Utilities

-

68.5%

Energy

IEO
99.3%
INFR

-

Industrials

IEO
1.0%
INFR
27.5%

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

-

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. PCEFIEO vs. IEZ
Often compared with INFR:
INFR vs. DTCRINFR vs. IGFINFR vs. ICAPINFR vs. GIN.LINFR vs. SPYINFR vs. EFAVINFR vs. ACWV

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: 4242
Overall Rank
IEO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IEO Sortino Ratio Rank: 4040
Sortino Ratio Rank
IEO Omega Ratio Rank: 3939
Omega Ratio Rank
IEO Calmar Ratio Rank: 4848
Calmar Ratio Rank
IEO Martin Ratio Rank: 3939
Martin Ratio Rank
INFR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

IEOINFRDifference
Sharpe ratioReturn per unit of total volatility
1.24

—

—

Sortino ratioReturn per unit of downside risk
1.72

—

—

Omega ratioGain probability vs. loss probability

1.21

—

—

Calmar ratioReturn relative to maximum drawdown

1.96

—

—

Martin ratioReturn relative to average drawdown

4.89

—

—

IEO vs. INFR - Sharpe Ratio Comparison

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Drawdowns

IEO vs. INFR - Drawdown Comparison

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Drawdown Indicators

IEOINFRDifference

Max Drawdown

Largest peak-to-trough decline

-79.17%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-16.32%

—

—

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 Drawdown

Current decline from peak

-7.57%

—

—

Average Drawdown

Average peak-to-trough decline

-26.19%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.55%

—

—

Volatility

IEO vs. INFR - Volatility Comparison

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Volatility by Period

IEOINFRDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.72%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

20.19%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

25.72%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.40%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.93%

—

—

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 1.96%, while INFR has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		1.96%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		1.71%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 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

IEO has the higher dividend yield at 1.96%, compared with 1.71% for INFR.

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.

Portfolio Optimizer

Find the right allocation for IEO and INFR

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