IEZ vs. PWRZ
IEZ (iShares U.S. Oil Equipment & Services ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. IEZ is passively managed, while PWRZ is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. IEZ charges 0.42%/yr vs 0.75%/yr for PWRZ.
Performance
IEZ vs. PWRZ - Performance Comparison
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Returns By Period
IEZ
- 1D
- -1.28%
- 1M
- -6.75%
- 6M
- 13.89%
- YTD
- 30.48%
- 1Y
- 60.54%
- 3Y*
- 7.97%
- 5Y*
- 16.82%
- 10Y*
- -1.92%
PWRZ
- 1D
- -0.93%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ vs. PWRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 0.22% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -0.37% |
Correlation
The correlation between IEZ and PWRZ is 0.70, 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 10, 2026 | 0.70 |
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Return for Risk
IEZ vs. PWRZ — Risk / Return Rank
IEZ
PWRZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IEZ vs. PWRZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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 | PWRZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | — | — |
| Martin ratioReturn relative to average drawdown | 10.15 | — | — |
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Drawdowns
IEZ vs. PWRZ - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than PWRZ's maximum drawdown of -1.21%. Use the drawdown chart below to compare losses from any high point for IEZ and PWRZ.
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Drawdown Indicators
| IEZ | PWRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -1.21% | -91.31% |
Max Drawdown (1Y)Largest decline over 1 year | -20.34% | — | — |
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 | -56.94% | -1.21% | -55.73% |
Average DrawdownAverage peak-to-trough decline | -48.29% | -0.42% | -47.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | — | — |
Volatility
IEZ vs. PWRZ - Volatility Comparison
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Volatility by Period
| IEZ | PWRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.07% | 12.75% | +16.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.09% | 12.75% | +23.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.44% | 12.75% | +28.69% |
IEZ vs. PWRZ - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is lower than PWRZ's 0.75% expense ratio.
Dividends
IEZ vs. PWRZ - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.27%, while PWRZ 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 | 1.27% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | 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 PWRZ 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.
On fees, IEZ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEZ is cheaper with a 0.42% expense ratio, compared with 0.75% for PWRZ.
IEZ has the higher dividend yield at 1.27%, compared with 0.00% for PWRZ.
They also come from different issuers: iShares and TrueShares. Their fees differ too: 0.42% for IEZ and 0.75% for PWRZ.
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