QBUL vs. IYE
QBUL (TrueShares Quarterly Bull Hedge ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - QBUL is a Options Trading fund actively managed by TrueShares, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. QBUL is actively managed, while IYE is passively managed. Over the past year, QBUL returned 3.67% vs 37.19% for IYE. Their 0.00 correlation means their historical movements had little consistent relationship. QBUL charges 0.79%/yr vs 0.42%/yr for IYE.
Performance
QBUL vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, QBUL achieves a 1.92% return, which is significantly lower than IYE's 29.45% return.
QBUL
- 1D
- -0.31%
- 1M
- 0.39%
- 6M
- 2.39%
- YTD
- 1.92%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.52%
IYE
- 1D
- -2.15%
- 1M
- 7.48%
- 6M
- 10.21%
- YTD
- 29.45%
- 1Y
- 37.19%
- 3Y*
- 12.91%
- 5Y*
- 21.45%
- 10Y*
- 8.66%
- ALL TIME*
- 7.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.63M | $49.12M | $74.11M | |
| $1.95M | $909.24K | $687.69K |
QBUL vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QBUL TrueShares Quarterly Bull Hedge ETF | 1.92% | 4.87% | 0.58% |
IYE iShares U.S. Energy ETF | 29.45% | 7.33% | -3.72% |
Correlation
The correlation between QBUL and IYE is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | 0.00 |
The correlation between QBUL and IYE shifts across timeframes, from -0.15 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QBUL vs. IYE — Risk / Return Rank
QBUL
IYE
QBUL vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bull Hedge ETF (QBUL) 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.
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.
| QBUL | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.57 | -1.07 |
| Martin ratioReturn relative to average drawdown | 2.66 | 6.77 | -4.10 |
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Drawdowns
QBUL vs. IYE - Drawdown Comparison
The maximum QBUL drawdown since its inception was -2.45%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for QBUL and IYE.
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Drawdown Indicators
| QBUL | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.45% | -73.74% | +71.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -14.54% | +12.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -0.87% | -7.52% | +6.65% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -19.29% | +18.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 5.51% | -4.13% |
Volatility
QBUL vs. IYE - Volatility Comparison
The current volatility for TrueShares Quarterly Bull Hedge ETF (QBUL) is 1.19%, while iShares U.S. Energy ETF (IYE) has a volatility of 6.02%. This indicates that QBUL experiences smaller price fluctuations and is considered to be less risky 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
| QBUL | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 6.02% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 16.13% | -13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 20.58% | -16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 25.43% | -21.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 29.50% | -25.59% |
QBUL vs. IYE - Expense Ratio Comparison
QBUL has a 0.79% expense ratio, which is higher than IYE's 0.42% expense ratio.
Dividends
QBUL vs. IYE - Dividend Comparison
QBUL's dividend yield for the trailing twelve months is around 8.77%, more than IYE's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.20% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
QBUL TrueShares Quarterly Bull Hedge ETF | 8.77% | 8.94% | 1.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBUL and IYE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (6.02%) compared to QBUL (1.19%). In terms of maximum drawdown, QBUL dropped -2.45% vs IYE's -73.74%.
On 1-year performance, IYE leads with 37.19% vs 3.67% for QBUL. On fees, IYE is cheaper at 0.42% per year. On volatility, QBUL has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 37.19% return vs 3.67%. 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 0.79% for QBUL.
QBUL has the higher dividend yield at 8.77%, compared with 2.20% for IYE.
QBUL is categorized as Options Trading, while IYE is Energy Equities. They also come from different issuers: TrueShares and iShares. Their fees differ too: 0.79% for QBUL and 0.42% for IYE.
IYE currently has the higher Sharpe Ratio (1.82 vs 0.95), 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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