VOXP vs. IEO

Last updated Jul 18, 2026

VOXP (Vox Populi ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - VOXP is a Large Cap Blend Equities fund managed by Vox Populi, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. At a correlation of -0.50, they often move in opposite directions. VOXP charges 0.30%/yr vs 0.42%/yr for IEO.

Performance

VOXP vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vox Populi ETF (VOXP) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VOXP

• 1D: -0.85%
• 1M: 0.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IEO

• 1D: 2.04%
• 1M: 11.20%
• 6M: 33.22%
• YTD: 37.37%
• 1Y: 37.43%
• 3Y*: 14.04%
• 5Y*: 22.87%
• 10Y*: 10.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOXP vs. IEO - Yearly Performance Comparison

	2026 (YTD)
VOXP Vox Populi ETF	14.42%
IEO iShares U.S. Oil & Gas Exploration & Production ETF	-4.22%

Correlation

The correlation between VOXP and IEO is -0.50, 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 (All Time) Calculated using the full available price history since Mar 27, 2026	-0.50

Return for Risk

VOXP vs. IEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOXP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IEO

IEO Risk / Return Rank: 50
IEO Sharpe Ratio Rank: 54
IEO Sortino Ratio Rank: 49
IEO Omega Ratio Rank: 47
IEO Calmar Ratio Rank: 58
IEO Martin Ratio Rank: 44

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.

VOXP vs. IEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vox Populi ETF (VOXP) 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.

	VOXP	IEO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	1.96	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	5.71	—

Drawdowns

VOXP vs. IEO - Drawdown Comparison

The maximum VOXP drawdown since its inception was -4.39%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for VOXP and IEO.

Drawdown Indicators

	VOXP	IEO	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-79.17%	+74.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.32%	—
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 Drawdown Current decline from peak	-1.83%	-5.39%	+3.56%
Average Drawdown Average peak-to-trough decline	-0.95%	-26.18%	+25.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.58%	—

Volatility

Volatility by Period

	VOXP	IEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	25.70%	-11.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	30.36%	-15.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	34.92%	-20.25%

VOXP vs. IEO - Expense Ratio Comparison

VOXP has a 0.30% expense ratio, which is lower than IEO's 0.42% expense ratio.

Dividends

VOXP vs. IEO - Dividend Comparison

VOXP's dividend yield for the trailing twelve months is around 0.39%, less than IEO's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEO iShares U.S. Oil & Gas Exploration & Production ETF	1.92%	2.61%	2.63%	3.00%	3.77%	2.62%	3.17%	1.85%	1.67%	0.94%	0.98%	2.03%
VOXP Vox Populi ETF	0.39%	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

Can I hold both VOXP and IEO in my portfolio?

VOXP and IEO have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOXP or IEO?

On fees, VOXP is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOXP or IEO?

VOXP is cheaper with a 0.30% expense ratio, compared with 0.42% for IEO.

Which ETF pays a higher dividend yield, VOXP or IEO?

IEO has the higher dividend yield at 1.92%, compared with 0.39% for VOXP.

What is the main difference between VOXP and IEO?

VOXP is categorized as Large Cap Blend Equities, while IEO is Energy Equities. They also come from different issuers: Vox Populi and iShares. Their fees differ too: 0.30% for VOXP and 0.42% for IEO.