IOGP.L vs. XLEP.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and XLEP.L (Invesco US Energy Sector UCITS ETF) are both Energy Equities funds - IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index while XLEP.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IOGP.L returned 6.62%/yr vs 8.96%/yr for XLEP.L. Their correlation of 0.89 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.14%/yr for XLEP.L.
Performance
IOGP.L vs. XLEP.L - Performance Comparison
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Different Trading Currencies
IOGP.L is traded in USD, while XLEP.L is traded in GBp. To make them comparable, the XLEP.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 XLEP.L's 29.38% return. Over the past 10 years, IOGP.L has underperformed XLEP.L with an annualized return of 6.62%, while XLEP.L has yielded a comparatively higher 8.96% 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%
XLEP.L
- 1D
- 0.81%
- 1M
- 6.28%
- 6M
- 22.11%
- YTD
- 29.38%
- 1Y
- 36.86%
- 3Y*
- 14.46%
- 5Y*
- 22.09%
- 10Y*
- 8.96%
IOGP.L vs. XLEP.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% |
XLEP.L Invesco US Energy Sector UCITS ETF | 29.38% | 9.06% | 3.10% | -0.06% | 62.03% | 52.43% | -33.02% | 10.08% | -18.91% | -0.84% |
Correlation
The correlation between IOGP.L and XLEP.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.89 |
The correlation between IOGP.L and XLEP.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. XLEP.L — Risk / Return Rank
IOGP.L
XLEP.L
IOGP.L vs. XLEP.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 Invesco US Energy Sector UCITS ETF (XLEP.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 | XLEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.41 | -1.06 |
| Martin ratioReturn relative to average drawdown | 3.54 | 6.15 | -2.61 |
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Drawdowns
IOGP.L vs. XLEP.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than XLEP.L's maximum drawdown of -72.31%. Use the drawdown chart below to compare losses from any high point for IOGP.L and XLEP.L.
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Drawdown Indicators
| IOGP.L | XLEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -72.31% | -11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -15.22% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -21.12% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -28.27% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | -67.80% | -6.56% |
Current DrawdownCurrent decline from peak | -13.83% | -7.65% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -22.73% | -10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 5.98% | +1.47% |
Volatility
IOGP.L vs. XLEP.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and Invesco US Energy Sector UCITS ETF (XLEP.L) have volatilities of 6.52% and 6.70%, 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 | XLEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.70% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 20.24% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 23.41% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 26.92% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 28.92% | +3.78% |
IOGP.L vs. XLEP.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than XLEP.L's 0.14% expense ratio.
Dividends
IOGP.L vs. XLEP.L - Dividend Comparison
Neither IOGP.L nor XLEP.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and XLEP.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, XLEP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLEP.L is cheaper with a 0.14% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while XLEP.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IOGP.L and 0.14% for XLEP.L.
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