IEZ vs. XES
Compare and contrast key facts about iShares U.S. Oil Equipment & Services ETF (IEZ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
IEZ and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. Both IEZ and XES 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 XES.
Key characteristics
| IEZ | XES | |
|---|---|---|
| YTD Return | -1.29% | -0.20% |
| 1Y Return | -4.32% | -3.11% |
| 3Y Return (Ann) | 15.92% | 15.01% |
| 5Y Return (Ann) | 5.70% | 5.31% |
| 10Y Return (Ann) | -8.11% | -12.13% |
| Sharpe Ratio | -0.10 | -0.03 |
| Sortino Ratio | 0.05 | 0.17 |
| Omega Ratio | 1.01 | 1.02 |
| Calmar Ratio | -0.04 | -0.01 |
| Martin Ratio | -0.25 | -0.09 |
| Ulcer Index | 10.86% | 10.20% |
| Daily Std Dev | 27.17% | 29.82% |
| Max Drawdown | -92.52% | -95.65% |
| Current Drawdown | -67.01% | -80.75% |
Correlation
The correlation between IEZ and XES is 0.98, 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. XES - Performance Comparison
In the year-to-date period, IEZ achieves a -1.29% return, which is significantly lower than XES's -0.20% return. Over the past 10 years, IEZ has outperformed XES with an annualized return of -8.11%, while XES has yielded a comparatively lower -12.13% 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. XES - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is higher than XES's 0.35% expense ratio.
Risk-Adjusted Performance
IEZ vs. XES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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. XES - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.57%, more than XES's 1.14% 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% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.14% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
Drawdowns
IEZ vs. XES - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for IEZ and XES. For additional features, visit the drawdowns tool.
Volatility
IEZ vs. XES - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES) have volatilities of 10.68% and 10.86%, 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.