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IEZ vs. XLE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IEZ vs. XLE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Oil Equipment & Services ETF (IEZ) and State Street Energy Select Sector SPDR ETF (XLE).

IEZ and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both IEZ and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IEZ vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

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IEZ vs. XLE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEZ
iShares U.S. Oil Equipment & Services ETF		39.05%7.51%-8.15%4.43%65.73%15.98%-42.98%1.82%-42.47%-18.18%
XLE
State Street Energy Select Sector SPDR ETF		37.91%7.88%5.56%-0.63%64.32%53.28%-32.67%11.74%-18.22%-0.89%

Returns By Period

The year-to-date returns for both stocks are quite close, with IEZ having a 39.05% return and XLE slightly lower at 37.91%. Over the past 10 years, IEZ has underperformed XLE with an annualized return of -0.06%, while XLE has yielded a comparatively higher 11.65% annualized return.

IEZ

1D
0.63%
1M
0.17%
YTD
39.05%
6M
51.03%
1Y
51.15%
3Y*
16.17%
5Y*
17.40%
10Y*
-0.06%

XLE

1D
-1.13%
1M
10.27%
YTD
37.91%
6M
39.21%
1Y
35.32%
3Y*
17.71%
5Y*
23.99%
10Y*
11.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

State Street Energy Select Sector SPDR ETF

Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. IBBQIEZ vs. EZUIEZ vs. IEOIEZ vs. VDE
Often compared with XLE:
XLE vs. VDEXLE vs. USOXLE vs. XOPXLE vs. XLUXLE vs. XLKXLE vs. IXCXLE vs. FENY

IEZ vs. XLE - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is higher than XLE's 0.08% expense ratio.

IEZ
iShares U.S. Oil Equipment & Services ETF
XLE
State Street Energy Select Sector SPDR ETF

Return for Risk

IEZ vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEZ
IEZ Risk / Return Rank: 7272
Overall Rank
IEZ Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 7676
Sortino Ratio Rank
IEZ Omega Ratio Rank: 7474
Omega Ratio Rank
IEZ Calmar Ratio Rank: 7878
Calmar Ratio Rank
IEZ Martin Ratio Rank: 5858
Martin Ratio Rank
XLE
XLE Risk / Return Rank: 7373
Overall Rank
XLE Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XLE Sortino Ratio Rank: 7676
Sortino Ratio Rank
XLE Omega Ratio Rank: 7777
Omega Ratio Rank
XLE Calmar Ratio Rank: 7878
Calmar Ratio Rank
XLE Martin Ratio Rank: 5858
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. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and State Street Energy Select Sector SPDR ETF (XLE). 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.

IEZXLEDifference

Sharpe ratio

Return per unit of total volatility

1.39

1.42

-0.03

Sortino ratio

Return per unit of downside risk

1.88

1.84

+0.05

Omega ratio

Gain probability vs. loss probability

1.27

1.28

0.00

Calmar ratio

Return relative to maximum drawdown

2.04

1.96

+0.08

Martin ratio

Return relative to average drawdown

5.55

5.16

+0.39

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. XLE - Sharpe Ratio Comparison

The current IEZ Sharpe Ratio is 1.39, which is comparable to the XLE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IEZ and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IEZXLEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

1.42

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.93

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.00

0.40

-0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.04

0.32

-0.36

Correlation

The correlation between IEZ and XLE is 0.90, 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.

Dividends

IEZ vs. XLE - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.25%, less than XLE's 2.44% yield.

TTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.25%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
XLE
State Street Energy Select Sector SPDR ETF		2.44%3.28%3.36%3.55%3.68%4.21%5.62%6.72%3.54%3.03%2.26%3.39%

Drawdowns

IEZ vs. XLE - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IEZ and XLE.

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Drawdown Indicators

IEZXLEDifference

Max Drawdown

Largest peak-to-trough decline

-92.52%

-71.26%

-21.26%

Max Drawdown (1Y)

Largest decline over 1 year

-25.55%

-18.79%

-6.76%

Max Drawdown (5Y)

Largest decline over 5 years

-40.25%

-26.04%

-14.21%

Max Drawdown (10Y)

Largest decline over 10 years

-88.29%

-66.81%

-21.48%

Current Drawdown

Current decline from peak

-54.11%

-2.08%

-52.03%

Average Drawdown

Average peak-to-trough decline

-48.23%

-18.05%

-30.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.37%

7.14%

+2.23%

Volatility

IEZ vs. XLE - Volatility Comparison

iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 9.57% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.05%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEZXLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.57%

5.05%

+4.52%

Volatility (6M)

Calculated over the trailing 6-month period

21.26%

13.94%

+7.32%

Volatility (1Y)

Calculated over the trailing 1-year period

36.94%

24.93%

+12.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.04%

26.06%

+10.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.67%

29.48%

+12.19%