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. A 0.68 correlation means they provide meaningful diversification when combined. IEZ charges 0.42%/yr vs 0.15%/yr for GXPE.
Performance
IEZ vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, IEZ achieves a 47.84% return, which is significantly higher than GXPE's 31.18% return.
IEZ
- 1D
- 0.03%
- 1M
- -3.54%
- YTD
- 47.84%
- 6M
- 42.02%
- 1Y
- 85.10%
- 3Y*
- 19.17%
- 5Y*
- 13.91%
- 10Y*
- -0.13%
GXPE
- 1D
- 1.65%
- 1M
- -1.13%
- YTD
- 31.18%
- 6M
- 29.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 47.84% | 14.11% |
GXPE Global X PureCap MSCI Energy ETF | 31.18% | 4.62% |
Correlation
The correlation between IEZ and GXPE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.68 |
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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.
| IEZ | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.29 | — | — |
| Martin ratioReturn relative to average drawdown | 22.60 | — | — |
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
| IEZ | GXPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 2.18 | -2.22 |
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 -12.37%. Use the drawdown chart below to compare losses from any high point for IEZ and GXPE.
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Drawdown Indicators
| IEZ | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -12.37% | -80.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | — | — |
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 | -51.21% | -6.88% | -44.33% |
Average DrawdownAverage peak-to-trough decline | -48.26% | -3.21% | -45.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | — | — |
Volatility
IEZ vs. GXPE - Volatility Comparison
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Volatility by Period
| IEZ | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.62% | 20.42% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.35% | 20.42% | +15.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.56% | 20.42% | +21.14% |
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 1.18%, more than GXPE's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.92% | 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 | 1.18% | 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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.42% for IEZ.
IEZ has the higher dividend yield at 1.18%, compared with 0.92% for GXPE.
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.
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