IOGP.L vs. SXLE.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and SXLE.L (State Street SPDR S&P U.S. Energy Select Sector UCITS ETF) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while SXLE.L is a Energy Equities fund tracking the S&P Energy Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, IOGP.L returned 7.46%/yr vs 9.89%/yr for SXLE.L. Their correlation of 0.92 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.15%/yr for SXLE.L.
Performance
IOGP.L vs. SXLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, IOGP.L achieves a 28.57% return, which is significantly lower than SXLE.L's 30.88% return. Over the past 10 years, IOGP.L has underperformed SXLE.L with an annualized return of 7.46%, while SXLE.L has yielded a comparatively higher 9.89% annualized return.
IOGP.L
- 1D
- 2.02%
- 1M
- -2.81%
- YTD
- 28.57%
- 6M
- 24.95%
- 1Y
- 36.79%
- 3Y*
- 14.41%
- 5Y*
- 16.29%
- 10Y*
- 7.46%
SXLE.L
- 1D
- 2.27%
- 1M
- 0.09%
- YTD
- 30.88%
- 6M
- 30.35%
- 1Y
- 44.50%
- 3Y*
- 17.39%
- 5Y*
- 20.28%
- 10Y*
- 9.89%
IOGP.L vs. SXLE.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) | 28.57% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
SXLE.L State Street SPDR S&P U.S. Energy Select Sector UCITS ETF | 30.88% | 9.74% | 3.75% | 0.62% | 62.75% | 50.77% | -31.89% | 9.19% | -18.13% | -1.18% |
Correlation
The correlation between IOGP.L and SXLE.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 | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | 0.92 |
The correlation between IOGP.L and SXLE.L has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. SXLE.L — Risk / Return Rank
IOGP.L
SXLE.L
IOGP.L vs. SXLE.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 State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.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 | SXLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.04 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.32 | 9.59 | -3.28 |
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 | SXLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.03 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.76 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.34 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.35 | -0.27 |
Drawdowns
IOGP.L vs. SXLE.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than SXLE.L's maximum drawdown of -66.60%. Use the drawdown chart below to compare losses from any high point for IOGP.L and SXLE.L.
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Drawdown Indicators
| IOGP.L | SXLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.56% | -66.60% | -16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -14.55% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -20.90% | -6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -27.87% | -4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -74.37% | -66.60% | -7.77% |
Current DrawdownCurrent decline from peak | -8.38% | -7.18% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -13.97% | -21.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 4.63% | +1.18% |
Volatility
IOGP.L vs. SXLE.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.L) have volatilities of 8.37% and 8.19%, 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 | SXLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 8.19% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.52% | 18.52% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 21.95% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.34% | 26.65% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 28.66% | +4.15% |
IOGP.L vs. SXLE.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than SXLE.L's 0.15% expense ratio.
Dividends
IOGP.L vs. SXLE.L - Dividend Comparison
Neither IOGP.L nor SXLE.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and SXLE.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, SXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLE.L is cheaper with a 0.15% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L is categorized as Oil & Gas, while SXLE.L is Energy Equities. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while SXLE.L tracks S&P Energy Select Sector Daily Capped 35/20 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.55% for IOGP.L and 0.15% for SXLE.L.
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