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IEZ vs. VOLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEZ vs. VOLT

Last updated Jun 4, 2026

IEZ (iShares U.S. Oil Equipment & Services ETF) and VOLT (Tema Electrification ETF) are both Energy Equities funds. IEZ is passively managed, while VOLT is actively managed. Over the past year, IEZ returned 85.10% vs 65.79% for VOLT. At a 0.38 correlation, their price movements are largely independent. IEZ charges 0.42%/yr vs 0.75%/yr for VOLT.

Performance

IEZ vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IEZ achieves a 47.84% return, which is significantly higher than VOLT's 37.23% 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%

VOLT

1D
0.16%
1M
-2.25%
YTD
37.23%
6M
34.70%
1Y
65.79%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEZ vs. VOLT - Yearly Performance Comparison

2026 (YTD)20252024
IEZ
iShares U.S. Oil Equipment & Services ETF		47.84%7.51%-6.68%
VOLT
Tema Electrification ETF		37.23%25.92%-8.86%

Correlation

The correlation between IEZ and VOLT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Dec 5, 2024

0.38

IEZ vs. VOLT - Sectors Allocation Comparison

Sectors
IEZ
VOLT

Energy

98.8%
5.0%

Utilities

1.0%
31.2%

Industrials

0.6%
48.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

3.5%

Consumer Defensive

-

-

Financial Services

-

0.5%

Healthcare

-

-

Real Estate

-

-

Technology

-

11.0%

Energy

IEZ
98.8%
VOLT
5.0%

Utilities

IEZ
1.0%
VOLT
31.2%

Industrials

IEZ
0.6%
VOLT
48.1%

Basic Materials

IEZ

-

VOLT

-

Communication Services

IEZ

-

VOLT

-

Consumer Cyclical

IEZ

-

VOLT
3.5%

Consumer Defensive

IEZ

-

VOLT

-

Financial Services

IEZ

-

VOLT
0.5%

Healthcare

IEZ

-

VOLT

-

Real Estate

IEZ

-

VOLT

-

Technology

IEZ

-

VOLT
11.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Oil Equipment & Services ETF

Tema Electrification ETF

Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO
Often compared with VOLT:
VOLT vs. AIPOVOLT vs. GRIDVOLT vs. MLPIVOLT vs. ZAPVOLT vs. PAVEVOLT vs. IVVVOLT vs. XLE

Return for Risk

IEZ vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEZ
IEZ Risk / Return Rank: 8787
Overall Rank
IEZ Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 8282
Sortino Ratio Rank
IEZ Omega Ratio Rank: 7777
Omega Ratio Rank
IEZ Calmar Ratio Rank: 9595
Calmar Ratio Rank
IEZ Martin Ratio Rank: 9292
Martin Ratio Rank
VOLT
VOLT Risk / Return Rank: 8989
Overall Rank
VOLT Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
VOLT Sortino Ratio Rank: 8888
Sortino Ratio Rank
VOLT Omega Ratio Rank: 8585
Omega Ratio Rank
VOLT Calmar Ratio Rank: 9494
Calmar Ratio Rank
VOLT Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEZ vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and Tema Electrification ETF (VOLT). 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.

IEZVOLTDifference
Sharpe ratioReturn per unit of total volatility
3.00
3.25

-0.24

Sortino ratioReturn per unit of downside risk
3.71
4.07

-0.36

Omega ratioGain probability vs. loss probability

1.46

1.53

-0.07

Calmar ratioReturn relative to maximum drawdown

8.29

7.38

+0.91

Martin ratioReturn relative to average drawdown

22.60

20.55

+2.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEZ vs. VOLT - Sharpe Ratio Comparison

The current IEZ Sharpe Ratio is 3.00, which is comparable to the VOLT Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of IEZ and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IEZVOLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.00

3.25

-0.24

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

1.49

-1.53

Drawdowns

IEZ vs. VOLT - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for IEZ and VOLT.

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Drawdown Indicators

IEZVOLTDifference

Max Drawdown

Largest peak-to-trough decline

-92.52%

-23.40%

-69.12%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-8.96%

-1.36%

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 Drawdown

Current decline from peak

-51.21%

-4.12%

-47.09%

Average Drawdown

Average peak-to-trough decline

-48.26%

-5.17%

-43.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.78%

3.21%

+0.57%

Volatility

IEZ vs. VOLT - Volatility Comparison

iShares U.S. Oil Equipment & Services ETF (IEZ) and Tema Electrification ETF (VOLT) have volatilities of 7.95% and 7.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEZVOLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.95%

7.84%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

20.11%

17.12%

+2.99%

Volatility (1Y)

Calculated over the trailing 1-year period

28.62%

20.39%

+8.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.35%

24.11%

+12.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.56%

24.11%

+17.45%

IEZ vs. VOLT - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

IEZ vs. VOLT - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.18%, more than VOLT's 0.33% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VOLT
Tema Electrification ETF		0.33%0.46%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IEZ and VOLT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEZ has higher volatility (7.95%) compared to VOLT (7.84%). In terms of maximum drawdown, IEZ dropped -92.52% vs VOLT's -23.40%.

On 1-year performance, IEZ leads with 85.10% vs 65.79% for VOLT. On fees, IEZ is cheaper at 0.42% per year. On volatility, VOLT has been the lower-risk option at 7.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IEZ has performed better with a 85.10% return vs 65.79%. 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 0.75% for VOLT.

IEZ has the higher dividend yield at 1.18%, compared with 0.33% for VOLT.

They also come from different issuers: iShares and Tema. Their fees differ too: 0.42% for IEZ and 0.75% for VOLT.

VOLT currently has the higher Sharpe Ratio (3.25 vs 3.00), 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.

Portfolio Optimizer

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