IEO vs. PWRZ
IEO (iShares U.S. Oil & Gas Exploration & Production ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. IEO is passively managed, while PWRZ is actively managed. At a 0.20 correlation, their price movements are largely independent. IEO charges 0.42%/yr vs 0.75%/yr for PWRZ.
Performance
IEO vs. PWRZ - Performance Comparison
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Returns By Period
IEO
- 1D
- 1.26%
- 1M
- 8.07%
- 6M
- 30.12%
- YTD
- 34.63%
- 1Y
- 36.50%
- 3Y*
- 14.18%
- 5Y*
- 22.38%
- 10Y*
- 10.35%
PWRZ
- 1D
- -0.93%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO vs. PWRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 4.53% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -0.37% |
Correlation
The correlation between IEO and PWRZ is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 0.20 |
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Return for Risk
IEO vs. PWRZ — Risk / Return Rank
IEO
PWRZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IEO vs. PWRZ - 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 TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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 | PWRZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | — | — |
| Martin ratioReturn relative to average drawdown | 5.57 | — | — |
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Drawdowns
IEO vs. PWRZ - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than PWRZ's maximum drawdown of -1.21%. Use the drawdown chart below to compare losses from any high point for IEO and PWRZ.
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Drawdown Indicators
| IEO | PWRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -1.21% | -77.96% |
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 DrawdownCurrent decline from peak | -7.28% | -1.21% | -6.07% |
Average DrawdownAverage peak-to-trough decline | -26.19% | -0.42% | -25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | — | — |
Volatility
IEO vs. PWRZ - Volatility Comparison
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Volatility by Period
| IEO | PWRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.67% | 12.75% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.36% | 12.75% | +17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.92% | 12.75% | +22.17% |
IEO vs. PWRZ - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is lower than PWRZ's 0.75% expense ratio.
Dividends
IEO vs. PWRZ - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.96%, while PWRZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEO and PWRZ have a correlation of 0.20, 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 0.75% for PWRZ.
IEO has the higher dividend yield at 1.96%, compared with 0.00% for PWRZ.
They also come from different issuers: iShares and TrueShares. Their fees differ too: 0.42% for IEO and 0.75% for PWRZ.
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