IEZ vs. RNWZ
Compare and contrast key facts about iShares U.S. Oil Equipment & Services ETF (IEZ) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ).
IEZ and RNWZ 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. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022.
Performance
IEZ vs. RNWZ - Performance Comparison
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IEZ vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 36.41% | 7.51% | -8.15% | 4.43% | 14.33% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 17.03% | 36.33% | -7.36% | -3.89% | -0.19% |
Returns By Period
In the year-to-date period, IEZ achieves a 36.41% return, which is significantly higher than RNWZ's 17.03% return.
IEZ
- 1D
- -1.90%
- 1M
- -1.77%
- YTD
- 36.41%
- 6M
- 46.27%
- 1Y
- 46.18%
- 3Y*
- 15.43%
- 5Y*
- 16.95%
- 10Y*
- -0.25%
RNWZ
- 1D
- 0.87%
- 1M
- 1.41%
- YTD
- 17.03%
- 6M
- 23.93%
- 1Y
- 49.02%
- 3Y*
- 12.52%
- 5Y*
- —
- 10Y*
- —
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IEZ vs. RNWZ - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Return for Risk
IEZ vs. RNWZ — Risk / Return Rank
IEZ
RNWZ
IEZ vs. RNWZ - 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 Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 2.92 | -1.67 |
Sortino ratioReturn per unit of downside risk | 1.75 | 3.72 | -1.97 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.55 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 4.92 | -3.03 |
Martin ratioReturn relative to average drawdown | 5.15 | 20.51 | -15.36 |
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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.92 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.66 | -0.71 |
Correlation
The correlation between IEZ and RNWZ is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IEZ vs. RNWZ - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.28%, less than RNWZ's 1.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.28% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.91% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEZ vs. RNWZ - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for IEZ and RNWZ.
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Drawdown Indicators
| IEZ | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -24.90% | -67.62% |
Max Drawdown (1Y)Largest decline over 1 year | -25.55% | -9.98% | -15.57% |
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 | -54.98% | 0.00% | -54.98% |
Average DrawdownAverage peak-to-trough decline | -48.23% | -7.43% | -40.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.38% | 2.40% | +6.98% |
Volatility
IEZ vs. RNWZ - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 9.27% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.95%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEZ | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 5.95% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 21.26% | 10.85% | +10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.00% | 16.87% | +20.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.02% | 16.87% | +20.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.66% | 16.87% | +24.79% |