IOGP.L vs. IUES.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and IUES.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 IUES.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IOGP.L returned 6.62%/yr vs 8.75%/yr for IUES.L. Their correlation of 0.91 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.15%/yr for IUES.L.
Performance
IOGP.L vs. IUES.L - Performance Comparison
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Returns By Period
In the year-to-date period, IOGP.L achieves a 20.93% return, which is significantly lower than IUES.L's 28.42% return. Over the past 10 years, IOGP.L has underperformed IUES.L with an annualized return of 6.62%, while IUES.L has yielded a comparatively higher 8.75% 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%
IUES.L
- 1D
- 0.75%
- 1M
- 5.21%
- 6M
- 21.22%
- YTD
- 28.42%
- 1Y
- 36.37%
- 3Y*
- 14.53%
- 5Y*
- 22.23%
- 10Y*
- 8.75%
IOGP.L vs. IUES.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% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.42% | 9.91% | 3.87% | -0.66% | 63.84% | 51.95% | -33.35% | 8.70% | -18.12% | -1.05% |
Correlation
The correlation between IOGP.L and IUES.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.91 |
The correlation between IOGP.L and IUES.L has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. IUES.L — Risk / Return Rank
IOGP.L
IUES.L
IOGP.L vs. IUES.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) (IUES.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 | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.22 | -0.87 |
| Martin ratioReturn relative to average drawdown | 3.54 | 5.67 | -2.13 |
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Drawdowns
IOGP.L vs. IUES.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than IUES.L's maximum drawdown of -66.79%. Use the drawdown chart below to compare losses from any high point for IOGP.L and IUES.L.
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Drawdown Indicators
| IOGP.L | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -66.79% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -16.33% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -20.90% | -6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -27.98% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | -66.79% | -7.57% |
Current DrawdownCurrent decline from peak | -13.83% | -8.88% | -4.95% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -14.18% | -19.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 6.40% | +1.05% |
Volatility
IOGP.L vs. IUES.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) (IUES.L) has a volatility of 6.91%. This indicates that IOGP.L experiences smaller price fluctuations and is considered to be less risky than IUES.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 | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.91% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 19.69% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 22.76% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 26.74% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 28.53% | +4.17% |
IOGP.L vs. IUES.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than IUES.L's 0.15% expense ratio.
Dividends
IOGP.L vs. IUES.L - Dividend Comparison
Neither IOGP.L nor IUES.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and IUES.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.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 IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.55% for IOGP.L and 0.15% for IUES.L.
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