IOGP.L vs. IESU.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both Energy Equities funds from iShares - IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index while IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, IOGP.L returned 6.62%/yr vs 8.78%/yr for IESU.L. Their correlation of 0.88 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.15%/yr for IESU.L.
Performance
IOGP.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
IOGP.L is traded in USD, while IESU.L is traded in GBp. To make them comparable, the IESU.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 20.93% return, which is significantly lower than IESU.L's 28.54% return. Over the past 10 years, IOGP.L has underperformed IESU.L with an annualized return of 6.62%, while IESU.L has yielded a comparatively higher 8.78% annualized return.
IOGP.L
- 1D
- 0.74%
- 1M
- 2.20%
- 6M
- 20.88%
- YTD
- 20.93%
- 1Y
- 26.42%
- 3Y*
- 9.43%
- 5Y*
- 16.91%
- 10Y*
- 6.62%
IESU.L
- 1D
- 0.85%
- 1M
- 6.06%
- 6M
- 21.20%
- YTD
- 28.54%
- 1Y
- 36.33%
- 3Y*
- 14.63%
- 5Y*
- 22.27%
- 10Y*
- 8.78%
IOGP.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 20.93% | 6.27% | -0.86% | 2.69% | 37.85% | 67.31% | -31.65% | 8.07% | -20.89% | -4.74% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.54% | 9.98% | 3.69% | -1.00% | 63.91% | 52.43% | -33.64% | 9.60% | -18.29% | -1.45% |
Correlation
The correlation between IOGP.L and IESU.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.88 |
The correlation between IOGP.L and IESU.L has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. IESU.L — Risk / Return Rank
IOGP.L
IESU.L
IOGP.L vs. IESU.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 S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IOGP.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.21 | -0.86 |
| Martin ratioReturn relative to average drawdown | 3.54 | 5.65 | -2.11 |
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Drawdowns
IOGP.L vs. IESU.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than IESU.L's maximum drawdown of -72.57%. Use the drawdown chart below to compare losses from any high point for IOGP.L and IESU.L.
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Drawdown Indicators
| IOGP.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -72.57% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -16.37% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -22.55% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -27.74% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | -66.85% | -7.51% |
Current DrawdownCurrent decline from peak | -13.83% | -8.87% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -24.88% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 6.42% | +1.03% |
Volatility
IOGP.L vs. IESU.L - Volatility Comparison
The current volatility for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) is 6.52%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 6.97%. This indicates that IOGP.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOGP.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.97% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 21.03% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 23.89% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 29.47% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 29.81% | +2.89% |
IOGP.L vs. IESU.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than IESU.L's 0.15% expense ratio.
Dividends
IOGP.L vs. IESU.L - Dividend Comparison
Neither IOGP.L nor IESU.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and IESU.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. Their fees differ too: 0.55% for IOGP.L and 0.15% for IESU.L.
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