IOGP.L vs. NRJL.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) are both Energy Equities funds - IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index while NRJL.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 10 years, IOGP.L returned 6.62%/yr vs 8.61%/yr for NRJL.L. At a 0.37 correlation, their price movements are largely independent. IOGP.L charges 0.55%/yr vs 0.60%/yr for NRJL.L.
Performance
IOGP.L vs. NRJL.L - Performance Comparison
Loading charts...
Different Trading Currencies
IOGP.L is traded in USD, while NRJL.L is traded in GBP. To make them comparable, the NRJL.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 NRJL.L's 22.68% return. Over the past 10 years, IOGP.L has underperformed NRJL.L with an annualized return of 6.62%, while NRJL.L has yielded a comparatively higher 8.61% 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%
NRJL.L
- 1D
- -1.21%
- 1M
- -10.50%
- 6M
- 15.47%
- YTD
- 22.68%
- 1Y
- 51.21%
- 3Y*
- 7.31%
- 5Y*
- 0.72%
- 10Y*
- 8.61%
IOGP.L vs. NRJL.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% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 22.68% | 45.70% | -13.04% | -18.80% | -18.49% | -6.26% | 37.17% | 53.22% | -12.97% | 26.13% |
Correlation
The correlation between IOGP.L and NRJL.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.37 |
The correlation between IOGP.L and NRJL.L shifts across timeframes, from -0.11 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IOGP.L vs. NRJL.L — Risk / Return Rank
IOGP.L
NRJL.L
IOGP.L vs. NRJL.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 Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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 | NRJL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 3.95 | -2.60 |
| Martin ratioReturn relative to average drawdown | 3.54 | 13.63 | -10.09 |
Loading charts...
Drawdowns
IOGP.L vs. NRJL.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than NRJL.L's maximum drawdown of -57.04%. Use the drawdown chart below to compare losses from any high point for IOGP.L and NRJL.L.
Loading charts...
Drawdown Indicators
| IOGP.L | NRJL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -57.04% | -26.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -12.90% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -39.74% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -56.16% | +23.74% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | -57.04% | -17.32% |
Current DrawdownCurrent decline from peak | -13.83% | -12.90% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -28.36% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 3.75% | +3.70% |
Volatility
IOGP.L vs. NRJL.L - Volatility Comparison
The current volatility for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) is 6.52%, while Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) has a volatility of 9.46%. This indicates that IOGP.L experiences smaller price fluctuations and is considered to be less risky than NRJL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IOGP.L | NRJL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 9.46% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 19.90% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 23.24% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 24.47% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 23.75% | +8.95% |
IOGP.L vs. NRJL.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is lower than NRJL.L's 0.60% expense ratio.
Dividends
IOGP.L vs. NRJL.L - Dividend Comparison
IOGP.L has not paid dividends to shareholders, while NRJL.L's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 0.34% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
Frequently Asked Questions
IOGP.L and NRJL.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IOGP.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IOGP.L is cheaper with a 0.55% expense ratio, compared with 0.60% for NRJL.L.
IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while NRJL.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for IOGP.L and 0.60% for NRJL.L.
Find the right allocation for IOGP.L and NRJL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer