PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
OILD vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OILD vs. IEZ

Last updated Jun 23, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. Both are passively managed. Over the past 3 years, OILD returned -45.26%/yr vs 15.98%/yr for IEZ. At a correlation of -0.85, they often move in opposite directions. OILD charges 0.95%/yr vs 0.42%/yr for IEZ.

Performance

OILD vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, OILD achieves a -51.67% return, which is significantly lower than IEZ's 34.28% return.

OILD

1D
-4.08%
1M
28.36%
YTD
-51.67%
6M
-53.32%
1Y
-58.26%
3Y*
-45.26%
5Y*
—
10Y*
—

IEZ

1D
1.05%
1M
-12.36%
YTD
34.28%
6M
34.61%
1Y
58.91%
3Y*
15.98%
5Y*
13.33%
10Y*
-1.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OILD vs. IEZ - Yearly Performance Comparison

2026 (YTD)20252024202320222021
OILD
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs		-51.67%-41.67%-14.58%-19.58%-90.32%3.83%
IEZ
iShares U.S. Oil Equipment & Services ETF		34.28%7.51%-8.15%4.43%65.73%-13.97%

Correlation

The correlation between OILD and IEZ is -0.74, 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 (1Y)
Calculated over the trailing 1-year period

-0.74

Correlation (3Y)
Calculated over the trailing 3-year period

-0.81

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2021

-0.85

The correlation between OILD and IEZ shifts across timeframes, from -0.85 (all time) to -0.74 (1 year), reflecting how their relationship changes across market environments.

OILD vs. IEZ - Sectors Allocation Comparison

Sectors
OILD
IEZ

Energy

100.0%
99.3%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.7%

Real Estate

-

-

Technology

-

-

Utilities

-

1.0%

Energy

OILD
100.0%
IEZ
99.3%

Basic Materials

OILD

-

IEZ

-

Communication Services

OILD

-

IEZ

-

Consumer Cyclical

OILD

-

IEZ

-

Consumer Defensive

OILD

-

IEZ

-

Financial Services

OILD

-

IEZ

-

Healthcare

OILD

-

IEZ

-

Industrials

OILD

-

IEZ
0.7%

Real Estate

OILD

-

IEZ

-

Technology

OILD

-

IEZ

-

Utilities

OILD

-

IEZ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs

iShares U.S. Oil Equipment & Services ETF

Often compared with OILD:
OILD vs. OILUOILD vs. NRGDOILD vs. CARDOILD vs. YXIOILD vs. MSFDOILD vs. DRIPOILD vs. BOIL
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO

Return for Risk

OILD vs. IEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OILD
OILD Risk / Return Rank: 22
Overall Rank
OILD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
OILD Sortino Ratio Rank: 11
Sortino Ratio Rank
OILD Omega Ratio Rank: 22
Omega Ratio Rank
OILD Calmar Ratio Rank: 22
Calmar Ratio Rank
OILD Martin Ratio Rank: 22
Martin Ratio Rank
IEZ
IEZ Risk / Return Rank: 6666
Overall Rank
IEZ Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 5858
Sortino Ratio Rank
IEZ Omega Ratio Rank: 5454
Omega Ratio Rank
IEZ Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEZ Martin Ratio Rank: 7777
Martin Ratio Rank
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.

OILD vs. IEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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.

OILDIEZDifference
Sharpe ratioReturn per unit of total volatility
-0.93
2.01

-2.94

Sortino ratioReturn per unit of downside risk
-1.53
2.65

-4.19

Omega ratioGain probability vs. loss probability

0.84

1.33

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.78

3.95

-4.74

Martin ratioReturn relative to average drawdown

-1.32

14.17

-15.49

OILD vs. IEZ - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -0.93, which is lower than the IEZ Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of OILD and IEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

OILD vs. IEZ - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than IEZ's maximum drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for OILD and IEZ.

Loading charts...

Drawdown Indicators

OILDIEZDifference

Max Drawdown

Largest peak-to-trough decline

-98.90%

-92.52%

-6.38%

Max Drawdown (1Y)

Largest decline over 1 year

-74.53%

-14.97%

-59.56%

Max Drawdown (3Y)

Largest decline over 3 years

-88.53%

-40.25%

-48.28%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-98.43%

-55.68%

-42.75%

Average Drawdown

Average peak-to-trough decline

-88.66%

-48.26%

-40.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.27%

4.23%

+40.04%

Volatility

OILD vs. IEZ - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.38% compared to iShares U.S. Oil Equipment & Services ETF (IEZ) at 9.92%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

OILDIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.38%

9.92%

+11.46%

Volatility (6M)

Calculated over the trailing 6-month period

49.66%

20.88%

+28.78%

Volatility (1Y)

Calculated over the trailing 1-year period

62.70%

29.55%

+33.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

79.40%

36.32%

+43.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

79.40%

41.55%

+37.85%

OILD vs. IEZ - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is higher than IEZ's 0.42% expense ratio.

Dividends

OILD vs. IEZ - Dividend Comparison

OILD has not paid dividends to shareholders, while IEZ's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.24%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
OILD
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs		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

OILD and IEZ have a correlation of -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OILD has higher volatility (21.38%) compared to IEZ (9.92%). In terms of maximum drawdown, OILD dropped -98.90% vs IEZ's -92.52%.

On 3-year performance, IEZ leads with 15.98% vs -45.26% for OILD. On fees, IEZ is cheaper at 0.42% per year. On volatility, IEZ has been the lower-risk option at 9.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IEZ has performed better with a 15.98% return vs -45.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEZ is cheaper with a 0.42% expense ratio, compared with 0.95% for OILD.

IEZ has the higher dividend yield at 1.24%, compared with 0.00% for OILD.

OILD is categorized as Inverse Equities, while IEZ is Energy Equities. OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index. They also come from different issuers: REX and iShares. Their fees differ too: 0.95% for OILD and 0.42% for IEZ.

IEZ currently has the higher Sharpe Ratio (2.01 vs -0.93), 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.

Portfolio Optimizer

Find the right allocation for OILD and IEZ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer