IEO vs. PCEF
Compare and contrast key facts about iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Invesco CEF Income Composite ETF (PCEF).
IEO and PCEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010. Both IEO and PCEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEO or PCEF.
Performance
IEO vs. PCEF - Performance Comparison
Returns By Period
In the year-to-date period, IEO achieves a 7.08% return, which is significantly lower than PCEF's 16.56% return. Over the past 10 years, IEO has underperformed PCEF with an annualized return of 4.53%, while PCEF has yielded a comparatively higher 5.91% annualized return.
IEO
7.08%
5.36%
-5.01%
9.42%
17.00%
4.53%
PCEF
16.56%
-0.58%
8.67%
22.58%
5.26%
5.91%
Key characteristics
| IEO | PCEF | |
|---|---|---|
| Sharpe Ratio | 0.32 | 2.87 |
| Sortino Ratio | 0.57 | 3.88 |
| Omega Ratio | 1.07 | 1.57 |
| Calmar Ratio | 0.32 | 1.47 |
| Martin Ratio | 0.65 | 17.65 |
| Ulcer Index | 10.14% | 1.31% |
| Daily Std Dev | 20.75% | 8.07% |
| Max Drawdown | -79.17% | -38.64% |
| Current Drawdown | -11.36% | -1.72% |
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IEO vs. PCEF - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is lower than PCEF's 2.34% expense ratio.
Correlation
The correlation between IEO and PCEF is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IEO vs. PCEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Invesco CEF Income Composite ETF (PCEF). 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.
Dividends
IEO vs. PCEF - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 2.85%, less than PCEF's 8.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.85% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
PCEF Invesco CEF Income Composite ETF | 8.66% | 9.85% | 8.93% | 6.67% | 7.55% | 7.12% | 8.21% | 6.96% | 7.12% | 9.18% | 8.03% | 8.13% |
Drawdowns
IEO vs. PCEF - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than PCEF's maximum drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for IEO and PCEF. For additional features, visit the drawdowns tool.
Volatility
IEO vs. PCEF - Volatility Comparison
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 6.32% compared to Invesco CEF Income Composite ETF (PCEF) at 2.19%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than PCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.