IEZ vs. BILD

Last updated Jun 24, 2026

IEZ (iShares U.S. Oil Equipment & Services ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both Energy Equities funds. IEZ is passively managed, while BILD is actively managed. Over the past year, IEZ returned 64.80% vs 16.09% for BILD. At a 0.24 correlation, their price movements are largely independent. IEZ charges 0.42%/yr vs 0.49%/yr for BILD.

Performance

IEZ vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEZ achieves a 33.32% return, which is significantly higher than BILD's 7.62% return.

IEZ

• 1D: -0.72%
• 1M: -12.99%
• YTD: 33.32%
• 6M: 33.77%
• 1Y: 64.80%
• 3Y*: 15.70%
• 5Y*: 12.80%
• 10Y*: -1.46%

BILD

• 1D: 0.11%
• 1M: -1.90%
• YTD: 7.62%
• 6M: 7.81%
• 1Y: 16.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEZ vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IEZ iShares U.S. Oil Equipment & Services ETF	33.32%	7.51%	-8.15%	1.12%
BILD Macquarie Global Listed Infrastructure ETF	7.62%	21.08%	-2.68%	3.73%

Correlation

The correlation between IEZ and BILD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.24

IEZ vs. BILD - Sectors Allocation Comparison

Sectors	IEZ	BILD
Energy	99.3%	18.2%
Utilities	1.0%	52.8%
Industrials	0.7%	22.1%
Basic Materials	-	-
Communication Services	-	1.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	5.4%
Technology	-	-

Return for Risk

IEZ vs. BILD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEZ

IEZ Risk / Return Rank: 74
IEZ Sharpe Ratio Rank: 74
IEZ Sortino Ratio Rank: 67
IEZ Omega Ratio Rank: 63
IEZ Calmar Ratio Rank: 84
IEZ Martin Ratio Rank: 81

BILD

BILD Risk / Return Rank: 47
BILD Sharpe Ratio Rank: 46
BILD Sortino Ratio Rank: 43
BILD Omega Ratio Rank: 45
BILD Calmar Ratio Rank: 59
BILD Martin Ratio Rank: 44

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.

IEZ vs. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

	IEZ	BILD	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.49	+0.74
Sortino ratio: Return per unit of downside risk	2.91	2.02	+0.89
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	4.35	2.67	+1.68
Martin ratio: Return relative to average drawdown	15.22	6.81	+8.41

IEZ vs. BILD - Sharpe Ratio Comparison

The current IEZ Sharpe Ratio is 2.23, which is higher than the BILD Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IEZ and BILD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IEZ vs. BILD - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for IEZ and BILD.

Drawdown Indicators

	IEZ	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-92.52%	-14.78%	-77.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.97%	-6.05%	-8.92%
Max Drawdown (3Y) Largest decline over 3 years	-40.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.29%	—	—
Current Drawdown Current decline from peak	-56.00%	-4.71%	-51.29%
Average Drawdown Average peak-to-trough decline	-48.26%	-3.72%	-44.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.37%	+1.90%

Volatility

IEZ vs. BILD - Volatility Comparison

iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 9.89% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 2.98%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEZ	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	2.98%	+6.91%
Volatility (6M) Calculated over the trailing 6-month period	20.84%	8.88%	+11.96%
Volatility (1Y) Calculated over the trailing 1-year period	29.51%	10.86%	+18.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.32%	13.15%	+23.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.52%	13.15%	+28.37%

IEZ vs. BILD - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is lower than BILD's 0.49% expense ratio.

Dividends

IEZ vs. BILD - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.24%, less than BILD's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILD Macquarie Global Listed Infrastructure ETF	5.81%	3.05%	5.53%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IEZ iShares U.S. Oil Equipment & Services ETF	1.24%	1.87%	1.76%	0.97%	0.65%	1.20%	2.07%	2.28%	1.81%	3.42%	0.91%	2.40%

Frequently Asked Questions

Can I hold both IEZ and BILD in my portfolio?

IEZ and BILD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEZ or BILD?

IEZ has higher volatility (9.89%) compared to BILD (2.98%). In terms of maximum drawdown, IEZ dropped -92.52% vs BILD's -14.78%.

Which ETF is better, IEZ or BILD?

On 1-year performance, IEZ leads with 64.80% vs 16.09% for BILD. On fees, IEZ is cheaper at 0.42% per year. On volatility, BILD has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IEZ or BILD?

Over the 1-year period, IEZ has performed better with a 64.80% return vs 16.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IEZ or BILD?

IEZ is cheaper with a 0.42% expense ratio, compared with 0.49% for BILD.

Which ETF pays a higher dividend yield, IEZ or BILD?

BILD has the higher dividend yield at 5.81%, compared with 1.24% for IEZ.

What is the main difference between IEZ and BILD?

They also come from different issuers: iShares and Macquarie. Their fees differ too: 0.42% for IEZ and 0.49% for BILD.

Which has better risk-adjusted returns?

IEZ currently has the higher Sharpe Ratio (2.23 vs 1.49), 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.