NUGY vs. IEO

Last updated Jun 5, 2026

NUGY (GraniteShares YieldBOOST Gold Miners ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - NUGY is a Derivative Income fund actively managed by GraniteShares, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. NUGY is actively managed, while IEO is passively managed. At a correlation of -0.17, they often move in opposite directions. NUGY charges 1.07%/yr vs 0.42%/yr for IEO.

Performance

NUGY vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Gold Miners ETF (NUGY) 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, NUGY achieves a -0.44% return, which is significantly lower than IEO's 34.23% return.

NUGY

• 1D: 0.61%
• 1M: 2.86%
• YTD: -0.44%
• 6M: 0.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IEO

• 1D: -0.27%
• 1M: -3.10%
• YTD: 34.23%
• 6M: 25.78%
• 1Y: 43.06%
• 3Y*: 16.29%
• 5Y*: 18.90%
• 10Y*: 10.17%

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

NUGY vs. IEO - Yearly Performance Comparison

	2026 (YTD)	2025
NUGY GraniteShares YieldBOOST Gold Miners ETF	-0.44%	2.38%
IEO iShares U.S. Oil & Gas Exploration & Production ETF	34.23%	-4.26%

Correlation

The correlation between NUGY and IEO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.17

Return for Risk

NUGY vs. IEO — Risk / Return Rank

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

IEO

IEO Risk / Return Rank: 51
IEO Sharpe Ratio Rank: 51
IEO Sortino Ratio Rank: 46
IEO Omega Ratio Rank: 45
IEO Calmar Ratio Rank: 62
IEO Martin Ratio Rank: 49

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.

NUGY vs. IEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Gold Miners ETF (NUGY) 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.

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

Sharpe Ratios by Period

	NUGY	IEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.17	-0.03

Drawdowns

NUGY vs. IEO - Drawdown Comparison

The maximum NUGY drawdown since its inception was -17.39%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for NUGY and IEO.

Drawdown Indicators

	NUGY	IEO	Difference
Max Drawdown Largest peak-to-trough decline	-17.39%	-79.17%	+61.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.30%	—
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	-13.59%	-7.55%	-6.04%
Average Drawdown Average peak-to-trough decline	-7.40%	-26.27%	+18.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.30%	—

Volatility

Volatility by Period

	NUGY	IEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.56%	25.11%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	30.53%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.56%	34.99%	-8.43%

NUGY vs. IEO - Expense Ratio Comparison

NUGY has a 1.07% expense ratio, which is higher than IEO's 0.42% expense ratio.

Dividends

NUGY vs. IEO - Dividend Comparison

NUGY's dividend yield for the trailing twelve months is around 70.31%, more than IEO's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEO iShares U.S. Oil & Gas Exploration & Production ETF	1.97%	2.61%	2.63%	3.00%	3.77%	2.62%	3.17%	1.85%	1.67%	0.94%	0.98%	2.03%
NUGY GraniteShares YieldBOOST Gold Miners ETF	70.31%	12.18%	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 NUGY and IEO in my portfolio?

NUGY and IEO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUGY or IEO?

On fees, IEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUGY or IEO?

IEO is cheaper with a 0.42% expense ratio, compared with 1.07% for NUGY.

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

NUGY has the higher dividend yield at 70.31%, compared with 1.97% for IEO.

What is the main difference between NUGY and IEO?

NUGY is categorized as Derivative Income, while IEO is Energy Equities. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for NUGY and 0.42% for IEO.