IEO vs. RNWZ
Compare and contrast key facts about iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ).
IEO and RNWZ 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. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022.
Performance
IEO vs. RNWZ - Performance Comparison
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IEO vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 35.85% | 2.15% | -1.45% | 3.57% | 5.69% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 17.03% | 36.33% | -7.36% | -3.89% | -0.19% |
Returns By Period
In the year-to-date period, IEO achieves a 35.85% return, which is significantly higher than RNWZ's 17.03% return.
IEO
- 1D
- -3.37%
- 1M
- 7.98%
- YTD
- 35.85%
- 6M
- 30.59%
- 1Y
- 29.93%
- 3Y*
- 14.93%
- 5Y*
- 22.54%
- 10Y*
- 11.67%
RNWZ
- 1D
- 0.87%
- 1M
- 1.41%
- YTD
- 17.03%
- 6M
- 23.93%
- 1Y
- 49.02%
- 3Y*
- 12.52%
- 5Y*
- —
- 10Y*
- —
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IEO vs. RNWZ - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Return for Risk
IEO vs. RNWZ — Risk / Return Rank
IEO
RNWZ
IEO vs. RNWZ - 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 Renewable Energy Income ETF (RNWZ). 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.
| IEO | RNWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 2.92 | -1.94 |
Sortino ratioReturn per unit of downside risk | 1.39 | 3.72 | -2.34 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.55 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 4.92 | -3.52 |
Martin ratioReturn relative to average drawdown | 4.35 | 20.51 | -16.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEO | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.92 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.66 | -0.49 |
Correlation
The correlation between IEO and RNWZ is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IEO vs. RNWZ - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.95%, more than RNWZ's 1.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.95% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.91% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEO vs. RNWZ - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for IEO and RNWZ.
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Drawdown Indicators
| IEO | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -24.90% | -54.27% |
Max Drawdown (1Y)Largest decline over 1 year | -21.95% | -9.98% | -11.97% |
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 | -6.43% | 0.00% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -26.42% | -7.43% | -18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 2.40% | +4.67% |
Volatility
IEO vs. RNWZ - Volatility Comparison
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 7.35% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.95%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEO | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.35% | 5.95% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.66% | 10.85% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.67% | 16.87% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.64% | 16.87% | +13.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.94% | 16.87% | +18.07% |