MFIG vs. IEO

Last updated Aug 2, 2026

MFIG (Motley Fool Innovative Growth Factor ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - MFIG is a Large Cap Growth Equities fund tracking the Motley Fool Innovative Growth Index, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. Both are passively managed. Their -0.35 correlation means they have often moved in opposite directions in the past. MFIG charges 0.50%/yr vs 0.38%/yr for IEO.

Performance

MFIG vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Motley Fool Innovative Growth Factor ETF (MFIG) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFIG achieves a 2.59% return, which is significantly lower than IEO's 42.54% return.

MFIG

• 1D: -0.13%
• 1M: -2.33%
• 6M: 4.85%
• YTD: 2.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IEO

• 1D: 1.37%
• 1M: 14.08%
• 6M: 29.47%
• YTD: 42.54%
• 1Y: 47.44%
• 3Y*: 12.66%
• 5Y*: 23.53%
• 10Y*: 11.48%
• ALL TIME*: 6.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IEO iShares U.S. Oil & Gas Exploration & Production ETF	$7.85M	$6.98M	$8.74M
MFIG Motley Fool Innovative Growth Factor ETF	$110.73K	$153.60K	$228.83K

MFIG vs. IEO - Yearly Performance Comparison

	2026 (YTD)	2025
MFIG Motley Fool Innovative Growth Factor ETF	2.59%	-0.09%
IEO iShares U.S. Oil & Gas Exploration & Production ETF	42.54%	-5.17%

Correlation

The correlation between MFIG and IEO is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	-0.35

Return for Risk

MFIG vs. IEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IEO

IEO Risk / Return Rank: 67
IEO Sharpe Ratio Rank: 74
IEO Sortino Ratio Rank: 66
IEO Omega Ratio Rank: 64
IEO Calmar Ratio Rank: 75
IEO Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFIG vs. IEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Motley Fool Innovative Growth Factor ETF (MFIG) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.

	MFIG	IEO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.18	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.64	—
Martin ratio: Return relative to average drawdown	—	6.61	—

Drawdowns

MFIG vs. IEO - Drawdown Comparison

The maximum MFIG drawdown since its inception was -14.29%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for MFIG and IEO.

Drawdown Indicators

	MFIG	IEO	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-79.17%	+64.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.00%	—
Current Drawdown Current decline from peak	-3.76%	-1.83%	-1.93%
Average Drawdown Average peak-to-trough decline	-4.34%	-26.14%	+21.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.54%	—

Volatility

Volatility by Period

	MFIG	IEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	25.90%	-9.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	30.27%	-13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	34.91%	-18.14%

MFIG vs. IEO - Expense Ratio Comparison

MFIG has a 0.50% expense ratio, which is higher than IEO's 0.38% expense ratio.

Dividends

MFIG vs. IEO - Dividend Comparison

MFIG has not paid dividends to shareholders, while IEO's dividend yield for the trailing twelve months is around 1.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEO iShares U.S. Oil & Gas Exploration & Production ETF	1.85%	2.61%	2.63%	3.00%	3.77%	2.62%	3.17%	1.85%	1.67%	0.94%	0.98%	2.03%
MFIG Motley Fool Innovative Growth Factor ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFIG and IEO in my portfolio?

MFIG and IEO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MFIG or IEO?

On fees, IEO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFIG or IEO?

IEO is cheaper with a 0.38% expense ratio, compared with 0.50% for MFIG.

Which ETF pays a higher dividend yield, MFIG or IEO?

IEO has the higher dividend yield at 1.85%, compared with 0.00% for MFIG.

What is the main difference between MFIG and IEO?

MFIG is categorized as Large Cap Growth Equities, while IEO is Energy Equities. MFIG tracks Motley Fool Innovative Growth Index, while IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index. They also come from different issuers: Motley Fool and iShares. Their fees differ too: 0.50% for MFIG and 0.38% for IEO.