IEZ vs. OILU
IEZ (iShares U.S. Oil Equipment & Services ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index, while OILU is a Leveraged Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 3 years, IEZ returned 7.53%/yr vs -0.34%/yr for OILU. Their correlation of 0.84 means they have usually moved in the same direction. IEZ charges 0.42%/yr vs 0.95%/yr for OILU.
Performance
IEZ vs. OILU - Performance Comparison
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Returns By Period
In the year-to-date period, IEZ achieves a 35.92% return, which is significantly lower than OILU's 84.63% 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%
OILU
- 1D
- -1.28%
- 1M
- 31.23%
- 6M
- 27.69%
- YTD
- 84.63%
- 1Y
- 97.58%
- 3Y*
- -0.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.10M | $5.32M | $13.27M | |
| $8.18M | $7.71M | $7.79M |
IEZ vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 35.92% | 7.51% | -8.15% | 4.43% | 65.73% | -13.97% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.63% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
Correlation
The correlation between IEZ and OILU is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.84 |
The correlation between IEZ and OILU shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
IEZ vs. OILU - Sectors Allocation Comparison
Sectors
IEZ
OILU
Energy
Utilities
-
Industrials
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Real Estate
-
-
Technology
-
-
Energy
IEZ
OILU
Utilities
IEZ
OILU
-
Industrials
IEZ
OILU
-
Basic Materials
IEZ
-
OILU
-
Communication Services
IEZ
-
OILU
-
Consumer Cyclical
IEZ
-
OILU
-
Consumer Defensive
IEZ
-
OILU
-
Financial Services
IEZ
-
OILU
-
Healthcare
IEZ
-
OILU
-
Real Estate
IEZ
-
OILU
-
Technology
IEZ
-
OILU
-
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Return for Risk
IEZ vs. OILU — Risk / Return Rank
IEZ
OILU
IEZ vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.11 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.47 | 5.17 | +4.31 |
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Drawdowns
IEZ vs. OILU - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for IEZ and OILU.
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Drawdown Indicators
| IEZ | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -81.00% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -20.34% | -46.49% | +26.15% |
Max Drawdown (3Y)Largest decline over 3 years | -40.25% | -69.09% | +28.84% |
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% | -50.34% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -48.31% | -50.69% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 18.96% | -12.23% |
Volatility
IEZ vs. OILU - Volatility Comparison
The current volatility for iShares U.S. Oil Equipment & Services ETF (IEZ) is 8.13%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 20.19%. This indicates that IEZ experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEZ | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 20.19% | -12.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 51.63% | -30.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.61% | 64.20% | -35.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.87% | 80.75% | -44.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.46% | 80.75% | -39.29% |
IEZ vs. OILU - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is lower than OILU's 0.95% expense ratio.
Dividends
IEZ vs. OILU - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.22%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEZ and OILU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (20.19%) compared to IEZ (8.13%). In terms of maximum drawdown, IEZ dropped -92.52% vs OILU's -81.00%.
On 3-year performance, IEZ leads with 7.53% vs -0.34% for OILU. On fees, IEZ is cheaper at 0.42% per year. On volatility, IEZ has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEZ has performed better with a 7.53% return vs -0.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEZ is cheaper with a 0.42% expense ratio, compared with 0.95% for OILU.
IEZ has the higher dividend yield at 1.22%, compared with 0.00% for OILU.
IEZ is categorized as Energy Equities, while OILU is Leveraged Equities. IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index, while OILU tracks Solactive MicroSectors Oil & Gas Exploration & Production Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.42% for IEZ and 0.95% for OILU.
IEZ currently has the higher Sharpe Ratio (2.23 vs 1.53), 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.
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