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
665.7 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 01, 2006 |
| Assets (mns) | $666 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CONOCOPHILLIPS | 18.8 % |
| EOG RESOURCES, INC. | 11.0 % |
| MARATHON PETROLEUM | 7.6 % |
| PHILLIPS 66 | 6.2 % |
| HESS CORP | 4.7 % |
| DIAMONDBACK ENERGY INC | 4.5 % |
| TEXAS PACIFIC LAND CORPORATION | 4.3 % |
| VALERO ENERGY CORP | 4.3 % |
| EQT CORP | 4.2 % |
| DEVON ENERGY CORPORATION | 3.9 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 735 |
| Wgt avg mkt cap (mns) | $53,279 |
| Large cap (>$10bn) | 74.5% |
| Mid cap ($2-10bn) | 18.9% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.1% | -2.8% | -1.5% | 16.7% | 16.4% | 3.7% | 5.4% | Volatility | 20.5% | 20.7% | 24.9% | 30.9% | 41.7% | 35.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 16% |
| MSCI EAFE | 0.59 | 13% |
| MSCI Emg Mkts | 0.31 | 4% |
Liquidity Measures
| Avg. volume (000) | 101 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $5,293 |
Technical Indicators
| Recent close | $100.87 |
| 30d moving avg. | $93.50 |
| Annualized volatility | 28.7% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 4.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IEO |
Expenses vs. IEO |
ALTAR Score™ vs. IEO |
|---|---|---|---|---|
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 55.7% | -5 bp | +0.6% |
| DRLL | Strive U.S. Energy ETF | 49.3% | +1 bp | -1.4% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 46.7% | +20 bp | -0.6% |
| FXN | First Trust Energy AlphaDEX Fund | 46.5% | +22 bp | -0.1% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 45.6% | 0 bp | -0.8% |
| PXE | Invesco Energy Exploration & Production ETF | 45.3% | +20 bp | +3.5% |
| FCG | First Trust Natural Gas ETF | 42.0% | +20 bp | +3.3% |
| FENY | Fidelity MSCI Energy Index ETF | 35.1% | -32 bp | -2.0% |
| IYE | iShares U.S. Energy ETF | 35.0% | 0 bp | -2.3% |
| XLE | Energy Select Sector SPDR Fund | 34.3% | -31 bp | -1.5% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IEO
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
IEO
8.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. IEO's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places IEO in the 89th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IEOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| IEO (40 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IEO | 40.0 | 4.5 | 44.5 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .