IEO
iShares U.S. Oil & Gas Exploration & Production ETF
The iShares U.S. Oil & Gas Exploration & Production ETF seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 806.4 M
ASSETS UNDER MGMT
37 bp
EXPENSES
Fund Basics
| Inception date | May 01, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CONOCOPHILLIPS | 18.8 % |
| MARATHON PETROLEUM | 12.7 % |
| VALERO ENERGY CORP | 11.7 % |
| EOG RESOURCES, INC. | 4.9 % |
| PHILLIPS 66 | 4.7 % |
| DEVON ENERGY CORPORATION | 4.6 % |
| DIAMONDBACK ENERGY INC | 4.5 % |
| EQT CORP | 4.4 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 3.1 % |
| CHESAPEAKE ENERGY CORP | 3.0 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 821 |
| Wgt avg mkt cap (mns) | $74,953 |
| Large cap (>$10bn) | 84.8% |
| Mid cap ($2-10bn) | 12.0% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 98.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 47.9% | 42.5% | 20.1% | 10.6% | 17.8% | 7.9% | 5.5% | 4.8% |
| Dividend Yield | 1.9% | 2.8% | 2.7% | 2.7% | 3.4% | 2.7% | 1.7% | 1.7% |
| Total Returns | 49.8% | 45.4% | 22.8% | 13.3% | 21.2% | 10.6% | 7.2% | 6.4% | Ann. Volatility | 27.8% | 26.8% | 28.5% | 26.2% | 29.9% | 34.9% | 35.6% | 35.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.32 | 2% |
| MSCI EAFE | -0.37 | 5% |
| MSCI Emg Mkts | -0.17 | 3% |
Liquidity Measures
| Avg. volume (000) | 152 |
| ADV traded (mns) | $20 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| 30d moving avg. (EMA) | $144.72 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 1.89/2.92 |
| Bollinger Bands (Upper/Lower) | $154.48/$141.45 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IEO |
Expenses vs. IEO |
ALTAR Score™ vs. IEO |
|---|---|---|---|---|
| PXE | Invesco Energy Exploration & Production ETF | 60.4% | +30 bp | +1.5% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 55.2% | +23 bp | -1.9% |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | 52.6% | -2 bp | +2.3% |
| DRLL | Strive U.S. Energy ETF | 48.3% | +4 bp | -2.6% |
| FXN | First Trust Energy AlphaDEX Fund | 47.9% | +26 bp | -1.6% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 45.8% | +3 bp | -3.2% |
| FCG | First Trust Natural Gas ETF | 45.5% | +22 bp | +2.6% |
| LNGX | Global X U.S. Natural Gas ETF | 37.5% | +8 bp | +1.0% |
| IYE | iShares U.S. Energy ETF | 35.0% | 0 bp | -4.0% |
| VDE | Vanguard Energy ETF | 34.9% | -28 bp | -3.7% |
Risk and Returns: IEO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
12.9%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. IEO's ALTAR Score™ is approximately 3.5 standard
deviations above the category average. This places IEO in the 99th percentile
among funds in the category.
Sell-Side Consensus
$163.51
PRICE TARGET
+25.7%
UPSIDE