VNIE vs. IEO
VNIE (Vontobel International Equity Active ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - VNIE is a Foreign Large Cap Equities fund actively managed by Vontobel, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. VNIE is actively managed, while IEO is passively managed. Over the past year, VNIE returned -0.05% vs 25.21% for IEO. At a correlation of -0.17, they often move in opposite directions. VNIE charges 0.60%/yr vs 0.42%/yr for IEO.
Performance
VNIE vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, VNIE achieves a 4.18% return, which is significantly lower than IEO's 28.66% return.
VNIE
- 1D
- 0.09%
- 1M
- -0.56%
- 6M
- 2.28%
- YTD
- 4.18%
- 1Y
- -0.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO
- 1D
- -0.11%
- 1M
- -1.35%
- 6M
- 26.13%
- YTD
- 28.66%
- 1Y
- 25.21%
- 3Y*
- 11.72%
- 5Y*
- 18.76%
- 10Y*
- 9.65%
VNIE vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VNIE Vontobel International Equity Active ETF | 4.18% | -1.01% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 28.66% | 1.08% |
Correlation
The correlation between VNIE and IEO is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | -0.17 |
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Return for Risk
VNIE vs. IEO — Risk / Return Rank
VNIE
IEO
VNIE vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vontobel International Equity Active ETF (VNIE) 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.
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.
| VNIE | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.56 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.18 | 3.89 | -4.06 |
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Drawdowns
VNIE vs. IEO - Drawdown Comparison
The maximum VNIE drawdown since its inception was -13.11%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for VNIE and IEO.
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Drawdown Indicators
| VNIE | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -79.17% | +66.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -16.32% | +3.21% |
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 DrawdownCurrent decline from peak | -4.34% | -11.39% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -26.20% | +22.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 6.56% | -1.46% |
Volatility
VNIE vs. IEO - Volatility Comparison
The current volatility for Vontobel International Equity Active ETF (VNIE) is 6.00%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 7.63%. This indicates that VNIE experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNIE | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 7.63% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 20.14% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 25.45% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 30.40% | -14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 34.92% | -19.04% |
VNIE vs. IEO - Expense Ratio Comparison
VNIE has a 0.60% expense ratio, which is higher than IEO's 0.42% expense ratio.
Dividends
VNIE vs. IEO - Dividend Comparison
VNIE's dividend yield for the trailing twelve months is around 0.31%, less than IEO's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.05% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
VNIE Vontobel International Equity Active ETF | 0.31% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VNIE and IEO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEO has higher volatility (7.63%) compared to VNIE (6.00%). In terms of maximum drawdown, VNIE dropped -13.11% vs IEO's -79.17%.
On 1-year performance, IEO leads with 25.21% vs -0.05% for VNIE. On fees, IEO is cheaper at 0.42% per year. On volatility, VNIE has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEO has performed better with a 25.21% return vs -0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEO is cheaper with a 0.42% expense ratio, compared with 0.60% for VNIE.
IEO has the higher dividend yield at 2.05%, compared with 0.31% for VNIE.
VNIE is categorized as Foreign Large Cap Equities, while IEO is Energy Equities. They also come from different issuers: Vontobel and iShares. Their fees differ too: 0.60% for VNIE and 0.42% for IEO.
IEO currently has the higher Sharpe Ratio (1.00 vs -0.05), 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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