IOGP.L vs. ESIE.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, IOGP.L returned 16.25%/yr vs 18.59%/yr for ESIE.L. A 0.74 correlation means they provide meaningful diversification when combined. IOGP.L charges 0.55%/yr vs 0.18%/yr for ESIE.L.
Performance
IOGP.L vs. ESIE.L - Performance Comparison
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Different Trading Currencies
IOGP.L is traded in USD, while ESIE.L is traded in GBP. To make them comparable, the ESIE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IOGP.L achieves a 28.39% return, which is significantly lower than ESIE.L's 33.89% return.
IOGP.L
- 1D
- -0.14%
- 1M
- -4.08%
- YTD
- 28.39%
- 6M
- 23.40%
- 1Y
- 38.15%
- 3Y*
- 14.47%
- 5Y*
- 16.25%
- 10Y*
- 7.19%
ESIE.L
- 1D
- -0.95%
- 1M
- -3.14%
- YTD
- 33.89%
- 6M
- 31.13%
- 1Y
- 57.84%
- 3Y*
- 20.85%
- 5Y*
- 18.59%
- 10Y*
- —
IOGP.L vs. ESIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 28.39% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | 3.67% |
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 33.89% | 29.20% | -11.21% | 11.63% | 29.52% | 25.51% | 4.01% |
Correlation
The correlation between IOGP.L and ESIE.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.74 |
The correlation between IOGP.L and ESIE.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. ESIE.L — Risk / Return Rank
IOGP.L
ESIE.L
IOGP.L vs. ESIE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L). 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.
| IOGP.L | ESIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 5.65 | -3.19 |
| Martin ratioReturn relative to average drawdown | 6.52 | 18.59 | -12.07 |
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
| IOGP.L | ESIE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.53 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.72 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.81 | -0.74 |
Drawdowns
IOGP.L vs. ESIE.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than ESIE.L's maximum drawdown of -25.00%. Use the drawdown chart below to compare losses from any high point for IOGP.L and ESIE.L.
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Drawdown Indicators
| IOGP.L | ESIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.56% | -25.00% | -58.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -10.18% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -25.00% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -25.00% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -74.37% | — | — |
Current DrawdownCurrent decline from peak | -8.51% | -5.54% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -35.24% | -7.12% | -28.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 3.10% | +2.74% |
Volatility
IOGP.L vs. ESIE.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) have volatilities of 8.26% and 8.02%, 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
| IOGP.L | ESIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 8.02% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.52% | 19.20% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.59% | 22.81% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.34% | 25.95% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.80% | 26.16% | +6.64% |
IOGP.L vs. ESIE.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than ESIE.L's 0.18% expense ratio.
Dividends
IOGP.L vs. ESIE.L - Dividend Comparison
Neither IOGP.L nor ESIE.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and ESIE.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L is categorized as Oil & Gas, while ESIE.L is Energy Equities. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while ESIE.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.55% for IOGP.L and 0.18% for ESIE.L.
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