Average Daily Volume
157.5K
Fund Overview
The iShares U.S. Oil Equipment & Services ETF (IEZ) seeks to track the investment results of an index composed of U.S. equities in the oil equipment and services sector. The fund provides targeted exposure to companies that provide equipment, services, and technology to the oil and gas exploration and production industry. IEZ is designed for investors looking to gain focused access to this niche segment of the energy market, which can be influenced by oil price volatility, drilling activity levels, and technological advancements in extraction methods. The ETF is part of iShares' sector-specific lineup and is one of the primary tools for investing in oilfield services companies.
- Asset Class
-
Equity
- Industry
-
Oil Equipment & Services
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.69 %
- Currency Hedged
-
No
- Portfolio Turnover
-
37 %
- Dividend Date
-
Why Invest in the IEZ ETF?
Potential Benefits
- Targeted exposure to the oil equipment and services sector, which can benefit from increased drilling activity and oil price strength.
- Diversification across a range of companies providing critical services to the energy industry.
- Liquidity and transparency as an ETF, allowing for easy trading throughout the market day.
- Potential for capital appreciation during periods of high energy demand and rising oil prices.
- Lower expense ratio compared to actively managed energy sector funds.
Potential Risks
- High sensitivity to oil price volatility, which can lead to significant price swings in the fund.
- Exposure to cyclical industry downturns when drilling activity declines.
- Concentration risk, as the fund is focused on a narrow segment of the energy market.
- Regulatory and environmental risks associated with the oil and gas industry.
- Potential underperformance during transitions to renewable energy sources.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+22.2%
|
+13.6%
|
+0.2%
|
+11.3%
|
-6.7%
|
-10.3%
|
+3.1%
|
+10.6%
|
-13.2%
|
+3.3%
|
-
|
-
|
| 2025 |
+4.1%
|
-3.3%
|
-1.7%
|
-19.6%
|
+3.5%
|
+5.2%
|
+6.7%
|
+5.4%
|
+1.7%
|
+6.2%
|
+1.9%
|
+0.4%
|
| 2024 |
-6.7%
|
+1.8%
|
+14.1%
|
-6.3%
|
+2.3%
|
-1.4%
|
+6.9%
|
-10.8%
|
-4.9%
|
-2.5%
|
+11.2%
|
-8.7%
|
| 2023 |
+8.3%
|
-5.5%
|
-10.6%
|
-0.5%
|
-10.4%
|
+16.9%
|
+18.9%
|
+0.1%
|
+0.6%
|
-6.0%
|
-3.9%
|
+1.2%
|
| 2022 |
+20.6%
|
+7.7%
|
+15.3%
|
-6.5%
|
+12.7%
|
-21.2%
|
+3.3%
|
-0.3%
|
-12.2%
|
+42.6%
|
+2.1%
|
+1.3%
|
| 2021 |
+3.6%
|
+21.5%
|
-4.6%
|
-4.4%
|
+16.1%
|
+3.1%
|
-12.4%
|
-2.9%
|
+5.3%
|
+5.4%
|
-13.7%
|
+3.8%
|
| 2020 |
-17.5%
|
-18.3%
|
-55.9%
|
+31.8%
|
+10.3%
|
0.0%
|
+3.8%
|
+2.3%
|
-20.6%
|
-1.1%
|
+40.4%
|
+12.5%
|
| 2019 |
+19.8%
|
+2.5%
|
+1.2%
|
-3.0%
|
-20.4%
|
+11.8%
|
-1.8%
|
-19.3%
|
+3.0%
|
-4.5%
|
+4.8%
|
+16.1%
|
| 2018 |
+4.5%
|
-14.0%
|
+0.8%
|
+14.7%
|
+0.5%
|
-2.1%
|
+0.6%
|
-4.0%
|
+1.6%
|
-18.0%
|
-11.3%
|
-21.1%
|
| 2017 |
+0.5%
|
-3.8%
|
-4.0%
|
-9.4%
|
-7.6%
|
-4.0%
|
+0.3%
|
-9.7%
|
+18.9%
|
-6.8%
|
+1.1%
|
+8.1%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
BKR
|
BAKER HUGHES CO CLASS A |
23.3 % |
|
SLB
|
SCHLUMBERGER LTD |
22.6 % |
|
FTI
|
TECHNIPFMC PLC |
5.0 % |
|
NOV
|
NOV INC |
4.5 % |
|
CHX
|
CHAMPIONX CORP |
4.5 % |
|
HAL
|
HALLIBURTON CO |
4.4 % |
|
AROC
|
ARCHROCK INC |
4.2 % |
|
WFRD
|
WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW |
3.3 % |
|
NE
|
NOBLE CORP PLC CLASS A |
2.8 % |
|
WHD
|
CACTUS INC CLASS A |
2.7 % |
Top 10 holdings shown, out of 32 total holdings.
Related ETFs: IEZ vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
IEZ tracks the Dow Jones U.S. Select Oil Equipment & Services Index, which includes U.S. companies that provide oil equipment, services, and drilling tools to the energy sector. The index is market-cap weighted, meaning larger companies have greater influence on performance. The fund holds common stocks of these companies and is passively managed, seeking to replicate index performance rather than outperform it. IEZ rebalances quarterly to maintain alignment with its benchmark index composition. The portfolio consists primarily of mid-cap and large-cap U.S. oilfield service providers.
Frequently Asked Questions
What types of companies does IEZ hold?
IEZ holds U.S. companies that provide equipment, services, and technology for oil and gas exploration, drilling, and production, including firms specializing in drilling equipment, pressure pumping, and offshore services.
How does IEZ perform when oil prices are low?
IEZ typically underperforms during periods of low oil prices as reduced drilling activity negatively impacts oil service companies' revenues and profitability.
Is IEZ suitable for long-term holding?
While IEZ can be held long-term, its concentrated sector focus makes it more suitable as a tactical allocation or for investors with specific views on the oil services industry's prospects.
Does IEZ pay dividends?
IEZ pays quarterly dividends, but yields tend to be modest as many oil service companies prioritize reinvestment over dividend payments.
How does IEZ differ from broader energy ETFs?
Unlike broad energy ETFs that include integrated oil companies and refiners, IEZ focuses specifically on the equipment and services providers that support oil and gas production.
Industry Overview
The iShares U.S. Oil Equipment & Services ETF (IEZ) provides exposure to companies that support oil and gas exploration and production. This sector is crucial for energy infrastructure but is highly cyclical, with performance closely tied to oil prices and drilling activity. Investing in IEZ offers a way to participate in the oil services industry without selecting individual stocks. The fund's holdings include providers of drilling equipment, pressure pumping services, and offshore platform suppliers. This sector tends to perform well during periods of high energy demand but can underperform during oil price crashes or energy transitions.
Alternative Comparison
Compared to similar funds like XES and OIH, IEZ offers a slightly different composition and weighting methodology. While all three focus on oil services, IEZ's index methodology results in different sector exposures and company weightings. XES uses an equal-weight approach, which can reduce concentration risk but may increase turnover. OIH includes some larger, more diversified energy service companies. IEZ's expense ratio is competitive within this niche, though investors should compare the specific holdings and performance characteristics of each before choosing.
Issuer Overview
IEZ is issued by iShares, a leading global provider of exchange-traded funds and part of BlackRock, the world's largest asset manager. iShares offers a comprehensive range of ETFs across various asset classes, sectors, and investment strategies. The firm is known for its index-tracking expertise and has significant resources dedicated to ETF management and innovation.
Conclusion
IEZ provides focused exposure to the oil equipment and services sector, making it suitable for investors with a bullish outlook on energy infrastructure spending. The ETF offers diversification across oilfield service providers but carries significant volatility and sector-specific risks. As part of a broader energy allocation or for tactical plays on oil price movements, IEZ can serve as an efficient investment vehicle. However, investors should be prepared for the cyclical nature of this industry and consider their overall portfolio balance before investing.
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