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
445.9 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) | $446 |
| 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 | 17.9 % |
| MARATHON PETROLEUM | 9.5 % |
| EOG RESOURCES, INC. | 9.5 % |
| PHILLIPS 66 | 5.9 % |
| CHESAPEAKE ENERGY CORP | 5.6 % |
| EQT CORP | 5.3 % |
| VALERO ENERGY CORP | 4.9 % |
| DIAMONDBACK ENERGY INC | 4.8 % |
| DEVON ENERGY CORPORATION | 4.6 % |
| COTERRA ENERGY INC. | 4.0 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 731 |
| Wgt avg mkt cap (mns) | $45,945 |
| Large cap (>$10bn) | 75.3% |
| Mid cap ($2-10bn) | 19.0% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 96.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | -5.6% | -0.1% | -2.5% | 22.9% | 4.1% | -- | 3.1% |
| Dividend Yield | 0.7% | 0.7% | 1.8% | 2.3% | 3.3% | 2.4% | -- | 1.5% |
| Total Returns | 5.5% | -4.9% | 1.7% | -0.2% | 26.2% | 6.5% | -- | 4.7% | Ann. Volatility | 30.9% | 30.4% | 26.1% | 26.5% | 31.9% | 35.7% | -- | 35.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 41% |
| MSCI EAFE | 0.90 | 24% |
| MSCI Emg Mkts | 0.82 | 23% |
Liquidity Measures
| Avg. volume (000) | 61 |
| ADV traded (mns) | $6 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $91.46 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.58/0.56 |
| Bollinger Bands (Upper/Lower) | $95.22/$88.30 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 |
|---|---|---|---|---|
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | 51.2% | -5 bp | +14.1% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 50.3% | 0 bp | +11.0% |
| DRLL | Strive U.S. Energy ETF | 48.8% | +1 bp | +10.2% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 46.7% | +20 bp | +12.1% |
| FCG | First Trust Natural Gas ETF | 46.3% | +20 bp | +18.0% |
| PXE | Invesco Energy Exploration & Production ETF | 45.3% | +20 bp | +15.6% |
| FXN | First Trust Energy AlphaDEX Fund | 42.0% | +22 bp | +14.7% |
| LNGX | Global X U.S. Natural Gas ETF | 40.3% | +5 bp | +12.8% |
| XLE | The Energy Select Sector SPDR Fund | 33.8% | -32 bp | +9.0% |
| IYE | iShares U.S. Energy ETF | 32.6% | 0 bp | +8.9% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/1/2025
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
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
13.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1011 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. IEO's ALTAR Score™ is approximately
3.3 standard deviations
above
the category average. This places IEO in the 99th 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