IEZ vs. GXPE
IEZ (iShares U.S. Oil Equipment & Services ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - IEZ tracks the Dow Jones U.S. Select Oil Equipment & Services Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. Over the past year, IEZ returned 63.51% vs 40.17% for GXPE. Their 0.65 correlation means they have sometimes moved together and sometimes differently. IEZ charges 0.42%/yr vs 0.15%/yr for GXPE.
Performance
IEZ vs. GXPE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEZ achieves a 35.92% return, which is significantly higher than GXPE's 32.17% return.
IEZ
- 1D
- 2.54%
- 1M
- 9.13%
- 6M
- 8.39%
- YTD
- 35.92%
- 1Y
- 63.51%
- 3Y*
- 7.53%
- 5Y*
- 18.66%
- 10Y*
- -1.17%
- ALL TIME*
- -1.80%
GXPE
- 1D
- -0.48%
- 1M
- 10.34%
- 6M
- 14.12%
- YTD
- 32.17%
- 1Y
- 40.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.22K | $21.87K | $22.78K | |
| $3.10M | $5.32M | $13.27M |
IEZ vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 35.92% | 20.99% |
GXPE Global X PureCap MSCI Energy ETF | 32.17% | 4.62% |
Correlation
The correlation between IEZ and GXPE is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.65 |
The correlation between IEZ and GXPE has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEZ vs. GXPE — Risk / Return Rank
IEZ
GXPE
IEZ vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.57 | +0.57 |
| Martin ratioReturn relative to average drawdown | 9.47 | 6.79 | +2.68 |
Loading charts...
Drawdowns
IEZ vs. GXPE - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for IEZ and GXPE.
Loading charts...
Drawdown Indicators
| IEZ | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -15.73% | -76.79% |
Max Drawdown (1Y)Largest decline over 1 year | -20.34% | -15.73% | -4.61% |
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 DrawdownCurrent decline from peak | -55.14% | -6.17% | -48.97% |
Average DrawdownAverage peak-to-trough decline | -48.31% | -4.29% | -44.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 5.93% | +0.80% |
Volatility
IEZ vs. GXPE - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 8.13% compared to Global X PureCap MSCI Energy ETF (GXPE) at 6.17%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than GXPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEZ | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 6.17% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 16.68% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.61% | 20.74% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.87% | 20.62% | +15.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.46% | 20.62% | +20.84% |
IEZ vs. GXPE - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
IEZ vs. GXPE - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.22%, less than GXPE's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 2.11% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEZ iShares U.S. Oil Equipment & Services ETF | 1.22% | 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
IEZ and GXPE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEZ has higher volatility (8.13%) compared to GXPE (6.17%). In terms of maximum drawdown, IEZ dropped -92.52% vs GXPE's -15.73%.
On 1-year performance, IEZ leads with 63.51% vs 40.17% for GXPE. On fees, GXPE is cheaper at 0.15% per year. On volatility, GXPE has been the lower-risk option at 6.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEZ has performed better with a 63.51% return vs 40.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.42% for IEZ.
GXPE has the higher dividend yield at 2.11%, compared with 1.22% for IEZ.
IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.42% for IEZ and 0.15% for GXPE.
IEZ currently has the higher Sharpe Ratio (2.23 vs 1.95), 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.
Find the right allocation for IEZ and GXPE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer