iShares U.S. Oil Equipment & Services ETF (IEZ) Performance
IEZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +33.3% since Dec 31, 2025
- 1 year
- +37.0% total return
- 5 years
- +14.4% a year
- 10 years
- −2.1% a year
- Since first price
- −1.9% a year since 2006
IEZ trailing returns vs SPY, QQQ, AGG
| Period | IEZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −9.0% | −9.6% | +7.8% | +8.4% | −1.5% |
| YTD | +33.3% | +32.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +37.0% | +35.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +23.2%+7.2%/yr | +17.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +95.6%+14.4%/yr | +83.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −19.5%−2.1%/yr | −32.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −31.4%−2.5%/yr | −45.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −16.1%−0.9%/yr | −34.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionMay 5, 2006 | −32.4%−1.9%/yr | −47.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IEZ vs SPY
From May 5, 2006: IEZ grew to $6,762, SPY to $83,394.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IEZ returns by calendar year
10 of 19 full years positive. Best 2022 (+65.7%), worst 2008 (−58.7%). 2026 is year to date.
IEZ annual returns table
| Year | IEZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +33.3% | −20.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.5% | −33.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −8.1% | −22.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +4.4% | −25.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +65.7% | −36.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.0% | −31.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −43.0% | −75.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +1.8% | −39.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −42.5% | −51.8% | −4.6% | −0.1% | +0.1% |
| 2017 | −18.2% | −37.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +28.4% | −20.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −26.9% | −35.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −21.9% | −39.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +28.1% | −12.0% | +32.3% | +36.6% | −2.0% |
| 2012 | −1.1% | −28.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −7.6% | −40.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +31.8% | −28.9% | +15.1% | +19.9% | +6.4% |
| 2009 | +63.6% | −28.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −58.7% | −71.8% | −36.8% | −41.7% | +7.9% |
| 2007 | +42.6% | −13.6% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IEZ largest drawdowns
Now 56.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 30, 2014 | −92.5% | Mar 18, 2020 | not yet | 5.7 years | 12.3 years so far |
| Jun 23, 2008 | −72.2% | Mar 2, 2009 | Jun 30, 2014 | 8 months | 6.0 years |
| May 10, 2006 | −26.9% | Oct 3, 2006 | May 16, 2007 | 5 months | 1.0 years |
| Oct 15, 2007 | −19.4% | Feb 6, 2008 | Apr 16, 2008 | 4 months | 6 months |
| Jul 23, 2007 | −13.6% | Aug 16, 2007 | Sep 18, 2007 | 24 days | 57 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IEZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +5.0% | +15.6% | −2.2% | −1.7% |
| Volatility (annualized) | 29.5% | 37.5% | 44.0% | 37.9% |
| Sharpe ratio | 0.16 | 0.47 | 0.13 | 0.12 |
| Sortino ratio | 0.24 | 0.83 | 0.19 | 0.17 |
| Best month | +22.2% | +42.6% | +42.6% | +42.6% |
| Worst month | −19.6% | −21.2% | −55.9% | −55.9% |
| Best 12 months | +109.3% | +109.3% | +130.1% | +130.1% |
| Worst 12 months | −28.1% | −28.1% | −75.6% | −75.6% |
| Positive months | 58% | 60% | 57% | 57% |
| Beta vs S&P 500 | 0.80 | 0.99 | 1.71 | — |
| Correlation with S&P 500 | 0.33 | 0.41 | 0.59 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IEZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 234 | −75.6% | +5.4% | +130.1% | 55% |
| 3-year (a year) | 210 | −46.4% | −3.0% | +50.8% | 44% |
| 5-year (a year) | 186 | −32.4% | −3.9% | +28.4% | 37% |
| 10-year (a year) | 126 | −16.9% | −6.9% | +1.5% | 6% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
IEZ performance overview
iShares U.S. Oil Equipment & Services ETF (IEZ) returned +37.0% over the past year and −2.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned −1.9% a year, turning $10,000 into about $6,762. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −92.5%, from Jun 30, 2014 to Mar 18, 2020; the fund has not yet regained that high. IEZ finished 10 of its 19 full calendar years with a gain; the best year was 2022 (+65.7%) and the worst 2008 (−58.7%). Volatility has been 37.9% a year.
Related: IEZ chart, IEZ holdings, IEZ dividends, IEZ valuation. See the IEZ overview for the latest quote and fund facts.
IEZ performance FAQ
What is the IEZ return over the past year?
IEZ returned +37.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 35.3%.
What is the average annual return of IEZ?
IEZ has returned +14.4% a year over 5 years, −2.1% a year over 10 years, −1.9% a year since May 5, 2006 (total return, distributions reinvested).
How much would $10,000 invested in IEZ be worth?
$10,000 invested in IEZ at its first recorded close on May 5, 2006 would be worth about $6,762 on October 23, 2026 with distributions reinvested.
What was the worst year for IEZ?
The worst calendar year was 2008, with a total return of −58.7%. The best was 2022 at +65.7%.
What is the biggest drawdown of IEZ?
The largest peak-to-trough decline was −92.5% between June 30, 2014 and March 18, 2020. It has not yet recovered to that high; it is 56.0% below its peak.
How volatile is IEZ?
Over the past 3 years IEZ had an annualized volatility of 29.5% and a Sharpe ratio of 0.16 (excess return over 1–3 month T-bills per unit of risk).