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IEO vs. VPL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEO vs. VPL

Last updated Jun 13, 2026

IEO (iShares U.S. Oil & Gas Exploration & Production ETF) and VPL (Vanguard FTSE Pacific ETF) are both exchange-traded funds - IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index, while VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index. Both are passively managed. Over the past 10 years, IEO returned 10.15%/yr vs 10.83%/yr for VPL. A 0.51 correlation means they provide meaningful diversification when combined. IEO charges 0.42%/yr vs 0.08%/yr for VPL.

Performance

IEO vs. VPL - 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 Vanguard FTSE Pacific ETF (VPL). 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 30.41% return, which is significantly higher than VPL's 26.86% return. Over the past 10 years, IEO has underperformed VPL with an annualized return of 10.15%, while VPL has yielded a comparatively higher 10.83% annualized return.

IEO

1D
1.19%
1M
-0.42%
YTD
30.41%
6M
25.27%
1Y
30.21%
3Y*
14.23%
5Y*
18.26%
10Y*
10.15%

VPL

1D
0.34%
1M
0.55%
YTD
26.86%
6M
28.52%
1Y
47.21%
3Y*
20.80%
5Y*
9.81%
10Y*
10.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEO vs. VPL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		30.41%2.15%-1.45%3.57%57.82%75.57%-32.77%9.63%-19.44%0.33%
VPL
Vanguard FTSE Pacific ETF		26.86%32.66%1.68%15.58%-15.20%1.10%16.65%18.16%-14.40%28.85%

Correlation

The correlation between IEO and VPL 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

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.51

The correlation between IEO and VPL shifts across timeframes, from -0.03 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

IEO vs. VPL - Sectors Allocation Comparison

Sectors
IEO
VPL

Energy

99.3%
1.6%

Basic Materials

0.7%
7.3%

Communication Services

-

4.8%

Consumer Cyclical

-

9.6%

Consumer Defensive

-

3.5%

Financial Services

-

19.3%

Healthcare

-

5.0%

Industrials

-

20.5%

Real Estate

-

4.3%

Technology

-

22.6%

Utilities

-

1.6%

Energy

IEO
99.3%
VPL
1.6%

Basic Materials

IEO
0.7%
VPL
7.3%

Communication Services

IEO

-

VPL
4.8%

Consumer Cyclical

IEO

-

VPL
9.6%

Consumer Defensive

IEO

-

VPL
3.5%

Financial Services

IEO

-

VPL
19.3%

Healthcare

IEO

-

VPL
5.0%

Industrials

IEO

-

VPL
20.5%

Real Estate

IEO

-

VPL
4.3%

Technology

IEO

-

VPL
22.6%

Utilities

IEO

-

VPL
1.6%

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

Vanguard FTSE Pacific ETF

Often compared with IEO:
IEO vs. XLEIEO vs. VDEIEO vs. FCGIEO vs. FENYIEO vs. DEOIEO vs. PCEFIEO vs. IEZ
Often compared with VPL:
VPL vs. AAXJVPL vs. VEAVPL vs. VWOVPL vs. IPACVPL vs. VXUSVPL vs. VGKVPL vs. VEU

Return for Risk

IEO vs. VPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEO
IEO Risk / Return Rank: 3939
Overall Rank
IEO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IEO Sortino Ratio Rank: 3535
Sortino Ratio Rank
IEO Omega Ratio Rank: 3434
Omega Ratio Rank
IEO Calmar Ratio Rank: 4949
Calmar Ratio Rank
IEO Martin Ratio Rank: 3939
Martin Ratio Rank
VPL
VPL Risk / Return Rank: 7979
Overall Rank
VPL Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VPL Sortino Ratio Rank: 7676
Sortino Ratio Rank
VPL Omega Ratio Rank: 8080
Omega Ratio Rank
VPL Calmar Ratio Rank: 7979
Calmar Ratio Rank
VPL Martin Ratio Rank: 8080
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. VPL - 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 Vanguard FTSE Pacific ETF (VPL). 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.

IEOVPLDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.23

-1.03

Sortino ratioReturn per unit of downside risk
1.66
2.91

-1.25

Omega ratioGain probability vs. loss probability

1.20

1.41

-0.21

Calmar ratioReturn relative to maximum drawdown

2.12

3.56

-1.44

Martin ratioReturn relative to average drawdown

5.49

13.60

-8.10

IEO vs. VPL - Sharpe Ratio Comparison

The current IEO Sharpe Ratio is 1.20, which is lower than the VPL Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IEO and VPL, 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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Drawdowns

IEO vs. VPL - Drawdown Comparison

The maximum IEO drawdown since its inception was -79.17%, which is greater than VPL's maximum drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for IEO and VPL.

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Drawdown Indicators

IEOVPLDifference

Max Drawdown

Largest peak-to-trough decline

-79.17%

-55.49%

-23.68%

Max Drawdown (1Y)

Largest decline over 1 year

-14.30%

-13.33%

-0.97%

Max Drawdown (3Y)

Largest decline over 3 years

-31.46%

-16.35%

-15.11%

Max Drawdown (5Y)

Largest decline over 5 years

-31.46%

-31.09%

-0.37%

Max Drawdown (10Y)

Largest decline over 10 years

-75.00%

-33.90%

-41.10%

Current Drawdown

Current decline from peak

-10.18%

-2.90%

-7.28%

Average Drawdown

Average peak-to-trough decline

-26.24%

-11.62%

-14.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.52%

3.49%

+2.03%

Volatility

IEO vs. VPL - Volatility Comparison

The current volatility for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is 8.62%, while Vanguard FTSE Pacific ETF (VPL) has a volatility of 10.01%. This indicates that IEO experiences smaller price fluctuations and is considered to be less risky than VPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEOVPLDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.62%

10.01%

-1.39%

Volatility (6M)

Calculated over the trailing 6-month period

20.33%

18.75%

+1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

25.36%

21.26%

+4.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.61%

17.67%

+12.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.99%

17.47%

+17.52%

IEO vs. VPL - Expense Ratio Comparison

IEO has a 0.42% expense ratio, which is higher than VPL's 0.08% expense ratio.

Dividends

IEO vs. VPL - Dividend Comparison

IEO's dividend yield for the trailing twelve months is around 2.03%, less than VPL's 2.80% yield.

PositionTTM20252024202320222021202020192018201720162015
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		2.03%2.61%2.63%3.00%3.77%2.62%3.17%1.85%1.67%0.94%0.98%2.03%
VPL
Vanguard FTSE Pacific ETF		2.80%4.01%3.15%3.12%2.75%3.19%1.81%2.84%3.06%2.57%2.65%2.43%

Frequently Asked Questions

IEO and VPL 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.

VPL has higher volatility (10.01%) compared to IEO (8.62%). In terms of maximum drawdown, IEO dropped -79.17% vs VPL's -55.49%.

On 10-year performance, VPL leads with 10.83% vs 10.15% for IEO. On fees, VPL is cheaper at 0.08% per year. On volatility, IEO has been the lower-risk option at 8.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VPL has performed better with a 10.83% return vs 10.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VPL is cheaper with a 0.08% expense ratio, compared with 0.42% for IEO.

VPL has the higher dividend yield at 2.80%, compared with 2.03% for IEO.

IEO is categorized as Energy Equities, while VPL is Asia Pacific Equities. IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index, while VPL tracks FTSE Developed Asia Pacific Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.42% for IEO and 0.08% for VPL.

VPL currently has the higher Sharpe Ratio (2.23 vs 1.20), 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.

Portfolio Optimizer

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