XLES.L vs. IOGP.L
XLES.L (Invesco Energy S&P US Select Sector UCITS ETF Acc) and IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) are both exchange-traded funds - XLES.L is a Energy Equities fund tracking the S&P® Select Sector Capped 20% Energy Index, while IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 10 years, XLES.L returned 9.33%/yr vs 7.19%/yr for IOGP.L. Their correlation of 0.87 suggests significant overlap in exposure. XLES.L charges 0.14%/yr vs 0.55%/yr for IOGP.L.
Performance
XLES.L vs. IOGP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLES.L achieves a 31.08% return, which is significantly higher than IOGP.L's 28.39% return. Over the past 10 years, XLES.L has outperformed IOGP.L with an annualized return of 9.33%, while IOGP.L has yielded a comparatively lower 7.19% annualized return.
XLES.L
- 1D
- -0.33%
- 1M
- -1.17%
- YTD
- 31.08%
- 6M
- 29.05%
- 1Y
- 45.84%
- 3Y*
- 17.04%
- 5Y*
- 20.00%
- 10Y*
- 9.33%
IOGP.L
- 1D
- -0.14%
- 1M
- -4.08%
- YTD
- 28.39%
- 6M
- 23.40%
- 1Y
- 38.15%
- 3Y*
- 14.47%
- 5Y*
- 16.25%
- 10Y*
- 7.19%
XLES.L vs. IOGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLES.L Invesco Energy S&P US Select Sector UCITS ETF Acc | 31.08% | 8.75% | 3.30% | 0.37% | 61.87% | 52.10% | -33.17% | 10.10% | -17.97% | -1.57% |
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 28.39% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
Correlation
The correlation between XLES.L and IOGP.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2011 | 0.87 |
The correlation between XLES.L and IOGP.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLES.L vs. IOGP.L — Risk / Return Rank
XLES.L
IOGP.L
XLES.L vs. IOGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L). 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.
| XLES.L | IOGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.46 | +0.90 |
| Martin ratioReturn relative to average drawdown | 10.46 | 6.52 | +3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XLES.L | IOGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.55 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.54 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.22 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.07 | +0.21 |
Drawdowns
XLES.L vs. IOGP.L - Drawdown Comparison
The maximum XLES.L drawdown since its inception was -72.10%, smaller than the maximum IOGP.L drawdown of -83.56%. Use the drawdown chart below to compare losses from any high point for XLES.L and IOGP.L.
Loading charts...
Drawdown Indicators
| XLES.L | IOGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.10% | -83.56% | +11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -15.44% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -27.14% | +5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -32.41% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -74.37% | +6.82% |
Current DrawdownCurrent decline from peak | -6.34% | -8.51% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -35.24% | +14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 5.84% | -1.47% |
Volatility
XLES.L vs. IOGP.L - Volatility Comparison
Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) have volatilities of 8.15% and 8.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLES.L | IOGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 8.26% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.13% | 20.52% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 24.59% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 30.34% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.92% | 32.80% | -3.88% |
XLES.L vs. IOGP.L - Expense Ratio Comparison
XLES.L has a 0.14% expense ratio, which is lower than IOGP.L's 0.55% expense ratio.
Dividends
XLES.L vs. IOGP.L - Dividend Comparison
Neither XLES.L nor IOGP.L has paid dividends to shareholders.
Frequently Asked Questions
XLES.L and IOGP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLES.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLES.L is cheaper with a 0.14% expense ratio, compared with 0.55% for IOGP.L.
XLES.L is categorized as Energy Equities, while IOGP.L is Oil & Gas. XLES.L tracks S&P® Select Sector Capped 20% Energy Index, while IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLES.L and 0.55% for IOGP.L.
Find the right allocation for XLES.L and IOGP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer