IEZ vs. IEO
Compare and contrast key facts about iShares U.S. Oil Equipment & Services ETF (IEZ) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
IEZ and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEZ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Equipment & Services Index. It was launched on May 5, 2006. 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. Both IEZ and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEZ or IEO.
Key characteristics
| IEZ | IEO | |
|---|---|---|
| YTD Return | -1.29% | 6.04% |
| 1Y Return | -0.87% | 8.76% |
| 3Y Return (Ann) | 13.53% | 17.39% |
| 5Y Return (Ann) | 4.93% | 16.35% |
| 10Y Return (Ann) | -8.17% | 4.22% |
| Sharpe Ratio | -0.02 | 0.40 |
| Sortino Ratio | 0.15 | 0.67 |
| Omega Ratio | 1.02 | 1.08 |
| Calmar Ratio | -0.01 | 0.40 |
| Martin Ratio | -0.06 | 0.83 |
| Ulcer Index | 10.79% | 10.02% |
| Daily Std Dev | 27.04% | 20.75% |
| Max Drawdown | -92.52% | -79.17% |
| Current Drawdown | -67.01% | -12.22% |
Correlation
The correlation between IEZ and IEO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IEZ vs. IEO - Performance Comparison
In the year-to-date period, IEZ achieves a -1.29% return, which is significantly lower than IEO's 6.04% return. Over the past 10 years, IEZ has underperformed IEO with an annualized return of -8.17%, while IEO has yielded a comparatively higher 4.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEZ vs. IEO - Expense Ratio Comparison
Both IEZ and IEO have an expense ratio of 0.42%.
Risk-Adjusted Performance
IEZ vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
Dividends
IEZ vs. IEO - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.57%, less than IEO's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.57% | 0.97% | 0.65% | 1.19% | 2.08% | 2.27% | 1.81% | 3.41% | 0.91% | 2.40% | 1.68% | 0.75% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.88% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
Drawdowns
IEZ vs. IEO - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than IEO's maximum drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for IEZ and IEO. For additional features, visit the drawdowns tool.
Volatility
IEZ vs. IEO - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 11.06% compared to iShares U.S. Oil & Gas Exploration & Production ETF (IEO) at 7.32%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.