IYE vs. EIPX

Last updated Jun 26, 2026

IYE (iShares U.S. Energy ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. IYE is passively managed, while EIPX is actively managed. Over the past 3 years, IYE returned 14.49%/yr vs 20.82%/yr for EIPX. Their correlation of 0.86 suggests significant overlap in exposure. IYE charges 0.42%/yr vs 0.95%/yr for EIPX.

Performance

IYE vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Energy ETF (IYE) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYE achieves a 22.21% return, which is significantly higher than EIPX's 21.06% return.

IYE

• 1D: 1.04%
• 1M: -5.86%
• YTD: 22.21%
• 6M: 23.06%
• 1Y: 31.06%
• 3Y*: 14.49%
• 5Y*: 17.54%
• 10Y*: 8.42%

EIPX

• 1D: 1.26%
• 1M: -2.26%
• YTD: 21.06%
• 6M: 21.15%
• 1Y: 28.14%
• 3Y*: 20.82%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYE vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IYE iShares U.S. Energy ETF	22.21%	7.33%	6.06%	-2.21%	-1.58%
EIPX FT Energy Income Partners Strategy ETF	21.06%	11.44%	19.11%	10.74%	1.77%

Correlation

The correlation between IYE and EIPX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.86

The correlation between IYE and EIPX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

IYE vs. EIPX - Sectors Allocation Comparison

Sectors	IYE	EIPX
Energy	98.1%	68.4%
Technology	1.9%	0.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	4.8%
Real Estate	-	-
Utilities	-	26.4%

Return for Risk

IYE vs. EIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYE

IYE Risk / Return Rank: 48
IYE Sharpe Ratio Rank: 51
IYE Sortino Ratio Rank: 47
IYE Omega Ratio Rank: 45
IYE Calmar Ratio Rank: 52
IYE Martin Ratio Rank: 45

EIPX

EIPX Risk / Return Rank: 88
EIPX Sharpe Ratio Rank: 88
EIPX Sortino Ratio Rank: 89
EIPX Omega Ratio Rank: 82
EIPX Calmar Ratio Rank: 92
EIPX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYE vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) and FT Energy Income Partners Strategy ETF (EIPX). 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.

	IYE	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.52	-0.98
Sortino ratio: Return per unit of downside risk	2.07	3.57	-1.50
Omega ratio: Gain probability vs. loss probability	1.25	1.42	-0.17
Calmar ratio: Return relative to maximum drawdown	2.26	5.47	-3.21
Martin ratio: Return relative to average drawdown	6.59	16.51	-9.92

IYE vs. EIPX - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 1.54, which is lower than the EIPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IYE and EIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYE vs. EIPX - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for IYE and EIPX.

Drawdown Indicators

	IYE	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	-15.43%	-58.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	-5.17%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	-15.43%	-4.94%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	—	—
Current Drawdown Current decline from peak	-12.70%	-3.30%	-9.40%
Average Drawdown Average peak-to-trough decline	-19.34%	-2.29%	-17.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	1.71%	+3.02%

Volatility

IYE vs. EIPX - Volatility Comparison

iShares U.S. Energy ETF (IYE) has a higher volatility of 6.79% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.90%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYE	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	3.90%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	16.50%	8.60%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	11.25%	+9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.68%	15.03%	+10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.52%	15.03%	+14.49%

IYE vs. EIPX - Expense Ratio Comparison

IYE has a 0.42% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

IYE vs. EIPX - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.33%, less than EIPX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPX FT Energy Income Partners Strategy ETF	3.48%	3.23%	3.27%	3.48%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYE iShares U.S. Energy ETF	2.33%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%

Frequently Asked Questions

Can I hold both IYE and EIPX in my portfolio?

IYE and EIPX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYE or EIPX?

IYE has higher volatility (6.79%) compared to EIPX (3.90%). In terms of maximum drawdown, IYE dropped -73.74% vs EIPX's -15.43%.

Which ETF is better, IYE or EIPX?

On 3-year performance, EIPX leads with 20.82% vs 14.49% for IYE. On fees, IYE is cheaper at 0.42% per year. On volatility, EIPX has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYE or EIPX?

Over the 3-year period, EIPX has performed better with a 20.82% return vs 14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYE or EIPX?

IYE is cheaper with a 0.42% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, IYE or EIPX?

EIPX has the higher dividend yield at 3.48%, compared with 2.33% for IYE.

What is the main difference between IYE and EIPX?

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.42% for IYE and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.52 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.