IOO vs. OEF
Compare and contrast key facts about iShares Global 100 ETF (IOO) and iShares S&P 100 ETF (OEF).
IOO and OEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000. Both IOO and OEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOO or OEF.
Key characteristics
| IOO | OEF | |
|---|---|---|
| YTD Return | 15.06% | 13.33% |
| 1Y Return | 27.51% | 31.57% |
| 3Y Return (Ann) | 12.12% | 12.01% |
| 5Y Return (Ann) | 16.11% | 16.44% |
| 10Y Return (Ann) | 11.44% | 13.73% |
| Sharpe Ratio | 2.34 | 2.67 |
| Daily Std Dev | 12.21% | 12.33% |
| Max Drawdown | -55.85% | -54.12% |
| Current Drawdown | -0.22% | -0.08% |
Correlation
The correlation between IOO and OEF is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IOO vs. OEF - Performance Comparison
In the year-to-date period, IOO achieves a 15.06% return, which is significantly higher than OEF's 13.33% return. Over the past 10 years, IOO has underperformed OEF with an annualized return of 11.44%, while OEF has yielded a comparatively higher 13.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IOO vs. OEF - Expense Ratio Comparison
IOO has a 0.40% expense ratio, which is higher than OEF's 0.20% expense ratio.
Risk-Adjusted Performance
IOO vs. OEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) and iShares S&P 100 ETF (OEF). 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.
Dividends
IOO vs. OEF - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 1.30%, more than OEF's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 1.30% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% | 3.52% | 2.37% |
OEF iShares S&P 100 ETF | 1.09% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% | 1.85% | 1.96% |
Drawdowns
IOO vs. OEF - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, roughly equal to the maximum OEF drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for IOO and OEF. For additional features, visit the drawdowns tool.
Volatility
IOO vs. OEF - Volatility Comparison
iShares Global 100 ETF (IOO) has a higher volatility of 3.97% compared to iShares S&P 100 ETF (OEF) at 3.78%. This indicates that IOO's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.