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OILD vs. IYE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OILD vs. IYE

Last updated Jun 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. Both are passively managed. Over the past 3 years, OILD returned -48.52%/yr vs 17.38%/yr for IYE. At a correlation of -0.99, they often move in opposite directions. OILD charges 0.95%/yr vs 0.42%/yr for IYE.

Performance

OILD vs. IYE - 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. Energy ETF (IYE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, OILD achieves a -61.34% return, which is significantly lower than IYE's 31.95% return.

OILD

1D
-0.10%
1M
3.58%
YTD
-61.34%
6M
-58.10%
1Y
-73.93%
3Y*
-48.52%
5Y*
—
10Y*
—

IYE

1D
0.03%
1M
-1.09%
YTD
31.95%
6M
28.91%
1Y
46.86%
3Y*
17.38%
5Y*
19.52%
10Y*
8.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OILD vs. IYE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
OILD
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs		-61.34%-41.67%-14.58%-19.58%-90.32%5.20%
IYE
iShares U.S. Energy ETF		31.95%7.33%6.06%-2.21%60.21%-6.14%

Correlation

The correlation between OILD and IYE is -0.99, 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

-0.99

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

-0.99

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2021

-0.99

The correlation between OILD and IYE has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.

OILD vs. IYE - Sectors Allocation Comparison

Sectors
OILD
IYE

Energy

100.0%
98.9%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

1.1%

Utilities

-

-

Energy

OILD
100.0%
IYE
98.9%

Basic Materials

OILD

-

IYE

-

Communication Services

OILD

-

IYE

-

Consumer Cyclical

OILD

-

IYE

-

Consumer Defensive

OILD

-

IYE

-

Financial Services

OILD

-

IYE

-

Healthcare

OILD

-

IYE

-

Industrials

OILD

-

IYE

-

Real Estate

OILD

-

IYE

-

Technology

OILD

-

IYE
1.1%

Utilities

OILD

-

IYE

-

Compare stocks, funds, or ETFs

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

iShares U.S. Energy ETF

Often compared with OILD:
OILD vs. OILUOILD vs. NRGDOILD vs. CARDOILD vs. YXIOILD vs. DRIPOILD vs. BOILOILD vs. MSFD
Often compared with IYE:
IYE vs. XLEIYE vs. VDEIYE vs. IXCIYE vs. FENYIYE vs. OIHIYE vs. IYHIYE vs. XOP

Return for Risk

OILD vs. IYE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OILD
OILD Risk / Return Rank: 11
Overall Rank
OILD Sharpe Ratio Rank: 11
Sharpe Ratio Rank
OILD Sortino Ratio Rank: 00
Sortino Ratio Rank
OILD Omega Ratio Rank: 00
Omega Ratio Rank
OILD Calmar Ratio Rank: 11
Calmar Ratio Rank
OILD Martin Ratio Rank: 11
Martin Ratio Rank
IYE
IYE Risk / Return Rank: 6969
Overall Rank
IYE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IYE Sortino Ratio Rank: 6767
Sortino Ratio Rank
IYE Omega Ratio Rank: 6464
Omega Ratio Rank
IYE Calmar Ratio Rank: 7878
Calmar Ratio Rank
IYE Martin Ratio Rank: 6565
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. IYE - 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. Energy ETF (IYE). 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.

OILDIYEDifference
Sharpe ratioReturn per unit of total volatility
-1.22
2.37

-3.59

Sortino ratioReturn per unit of downside risk
-2.57
3.03

-5.60

Omega ratioGain probability vs. loss probability

0.74

1.38

-0.64

Calmar ratioReturn relative to maximum drawdown

-0.96

3.95

-4.91

Martin ratioReturn relative to average drawdown

-1.58

11.64

-13.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILD vs. IYE - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.22, which is lower than the IYE Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of OILD and IYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

OILDIYEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.22

2.37

-3.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.76

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.30

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.75

0.26

-1.02

Drawdowns

OILD vs. IYE - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than IYE's maximum drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for OILD and IYE.

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Drawdown Indicators

OILDIYEDifference

Max Drawdown

Largest peak-to-trough decline

-98.90%

-73.74%

-25.16%

Max Drawdown (1Y)

Largest decline over 1 year

-77.40%

-11.92%

-65.48%

Max Drawdown (3Y)

Largest decline over 3 years

-88.53%

-20.37%

-68.16%

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

-98.74%

-5.74%

-93.00%

Average Drawdown

Average peak-to-trough decline

-88.65%

-19.36%

-69.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

46.83%

4.04%

+42.79%

Volatility

OILD vs. IYE - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 24.24% compared to iShares U.S. Energy ETF (IYE) at 7.92%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OILDIYEDifference

Volatility (1M)

Calculated over the trailing 1-month period

24.24%

7.92%

+16.32%

Volatility (6M)

Calculated over the trailing 6-month period

48.36%

16.06%

+32.30%

Volatility (1Y)

Calculated over the trailing 1-year period

61.04%

19.96%

+41.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

79.35%

25.71%

+53.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

79.35%

29.51%

+49.84%

OILD vs. IYE - Expense Ratio Comparison

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

Dividends

OILD vs. IYE - Dividend Comparison

OILD has not paid dividends to shareholders, while IYE's dividend yield for the trailing twelve months is around 2.13%.

PositionTTM20252024202320222021202020192018201720162015
IYE
iShares U.S. Energy ETF		2.13%2.85%2.75%2.99%3.37%2.98%4.75%6.60%3.16%2.66%2.11%3.39%
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 IYE have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OILD has higher volatility (24.24%) compared to IYE (7.92%). In terms of maximum drawdown, OILD dropped -98.90% vs IYE's -73.74%.

On 3-year performance, IYE leads with 17.38% vs -48.52% for OILD. On fees, IYE is cheaper at 0.42% per year. On volatility, IYE has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IYE has performed better with a 17.38% return vs -48.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IYE has the higher dividend yield at 2.13%, compared with 0.00% for OILD.

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

IYE currently has the higher Sharpe Ratio (2.37 vs -1.22), 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.

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