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UMI vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UMI vs. IEZ

Last updated Jun 23, 2026

UMI (USCF Midstream Energy Income Fund ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both Energy Equities funds. UMI is actively managed, while IEZ is passively managed. Over the past 5 years, UMI returned 20.20%/yr vs 13.33%/yr for IEZ. A 0.60 correlation means they provide meaningful diversification when combined. UMI charges 0.85%/yr vs 0.42%/yr for IEZ.

Performance

UMI vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Midstream Energy Income Fund ETF (UMI) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UMI achieves a 21.76% return, which is significantly lower than IEZ's 34.28% return.

UMI

1D
0.96%
1M
-5.27%
YTD
21.76%
6M
23.01%
1Y
24.46%
3Y*
27.84%
5Y*
20.20%
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)

UMI vs. IEZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UMI
USCF Midstream Energy Income Fund ETF		21.76%5.11%42.97%14.60%20.78%20.97%-8.25%21.06%-10.64%2.76%
IEZ
iShares U.S. Oil Equipment & Services ETF		34.28%7.51%-8.15%4.43%65.73%15.98%-42.98%1.82%-42.47%10.27%

Correlation

The correlation between UMI and IEZ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

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

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2017

0.60

The correlation between UMI and IEZ shifts across timeframes, from 0.41 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

UMI vs. IEZ - Sectors Allocation Comparison

Sectors
UMI
IEZ

Energy

99.0%
99.3%

Utilities

1.0%
1.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.7%

Real Estate

-

-

Technology

-

-

Energy

UMI
99.0%
IEZ
99.3%

Utilities

UMI
1.0%
IEZ
1.0%

Basic Materials

UMI

-

IEZ

-

Communication Services

UMI

-

IEZ

-

Consumer Cyclical

UMI

-

IEZ

-

Consumer Defensive

UMI

-

IEZ

-

Financial Services

UMI

-

IEZ

-

Healthcare

UMI

-

IEZ

-

Industrials

UMI

-

IEZ
0.7%

Real Estate

UMI

-

IEZ

-

Technology

UMI

-

IEZ

-

Compare stocks, funds, or ETFs

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

USCF Midstream Energy Income Fund ETF

iShares U.S. Oil Equipment & Services ETF

Often compared with UMI:
UMI vs. ENFRUMI vs. MLPXUMI vs. AMZAUMI vs. EMLPUMI vs. TPYPUMI vs. MLPRUMI vs. MLPA
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO

Return for Risk

UMI vs. IEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UMI
UMI Risk / Return Rank: 5454
Overall Rank
UMI Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
UMI Sortino Ratio Rank: 5151
Sortino Ratio Rank
UMI Omega Ratio Rank: 4848
Omega Ratio Rank
UMI Calmar Ratio Rank: 6868
Calmar Ratio Rank
UMI Martin Ratio Rank: 5151
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.

UMI vs. IEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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.

UMIIEZDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.01

-0.28

Sortino ratioReturn per unit of downside risk
2.40
2.65

-0.25

Omega ratioGain probability vs. loss probability

1.30

1.33

-0.03

Calmar ratioReturn relative to maximum drawdown

3.28

3.95

-0.68

Martin ratioReturn relative to average drawdown

8.47

14.17

-5.70

UMI vs. IEZ - Sharpe Ratio Comparison

The current UMI Sharpe Ratio is 1.73, which is comparable to the IEZ Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of UMI 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.

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Drawdowns

UMI vs. IEZ - Drawdown Comparison

The maximum UMI drawdown since its inception was -48.08%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for UMI and IEZ.

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Drawdown Indicators

UMIIEZDifference

Max Drawdown

Largest peak-to-trough decline

-48.08%

-92.52%

+44.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.50%

-14.97%

+7.47%

Max Drawdown (3Y)

Largest decline over 3 years

-17.08%

-40.25%

+23.17%

Max Drawdown (5Y)

Largest decline over 5 years

-20.05%

-40.25%

+20.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-5.35%

-55.68%

+50.33%

Average Drawdown

Average peak-to-trough decline

-6.59%

-48.26%

+41.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

4.23%

-1.33%

Volatility

UMI vs. IEZ - Volatility Comparison

The current volatility for USCF Midstream Energy Income Fund ETF (UMI) is 5.33%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 9.92%. This indicates that UMI experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UMIIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.33%

9.92%

-4.59%

Volatility (6M)

Calculated over the trailing 6-month period

11.05%

20.88%

-9.83%

Volatility (1Y)

Calculated over the trailing 1-year period

14.23%

29.55%

-15.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.45%

36.32%

-16.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.16%

41.55%

-18.39%

UMI vs. IEZ - Expense Ratio Comparison

UMI has a 0.85% expense ratio, which is higher than IEZ's 0.42% expense ratio.

Dividends

UMI vs. IEZ - Dividend Comparison

UMI's dividend yield for the trailing twelve months is around 6.02%, more than IEZ's 1.24% yield.

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%
UMI
USCF Midstream Energy Income Fund ETF		6.02%6.23%4.39%4.67%4.36%3.00%2.18%2.47%2.48%0.15%0.00%0.00%

Frequently Asked Questions

UMI and IEZ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEZ has higher volatility (9.92%) compared to UMI (5.33%). In terms of maximum drawdown, UMI dropped -48.08% vs IEZ's -92.52%.

On 5-year performance, UMI leads with 20.20% vs 13.33% for IEZ. On fees, IEZ is cheaper at 0.42% per year. On volatility, UMI has been the lower-risk option at 5.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, UMI has performed better with a 20.20% return vs 13.33%. 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 0.85% for UMI.

UMI has the higher dividend yield at 6.02%, compared with 1.24% for IEZ.

They also come from different issuers: Wainwright, Inc. and iShares. Their fees differ too: 0.85% for UMI and 0.42% for IEZ.

IEZ currently has the higher Sharpe Ratio (2.01 vs 1.73), 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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