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IEZ vs RSPG
Which ETF would AI Choose? iShares U.S. Oil Equipment & Services ETF (IEZ) vs. Invesco S&P 500 Equal Weight Energy ETF (RSPG)
Key Takeaways
- IEZ is a concentrated, non-diversified fund targeting the oil equipment and services niche, while RSPG provides equal-weight exposure across the entire S&P 500 energy sector.
- IEZ holds roughly 31 names with its top two positions (SLB and BKR) representing nearly 45% of assets; RSPG holds about 23 names at roughly 4–5% each.
- Cost structures are similar, with IEZ at a 0.37% net expense ratio and RSPG at 0.40%.
- IEZ carries a materially higher risk profile (higher beta and volatility), while RSPG's integrated majors, refiners, and midstream names produce a lower-volatility footprint.
- Performance drivers diverge: IEZ is tied to upstream capital spending and the services cycle, whereas RSPG responds to a broader mix of commodity prices, refining margins, and infrastructure cash flows.
Introduction
Both IEZ and RSPG invest in energy, but they do so through fundamentally different lenses, making this a useful ETF comparison for investors sizing up sector exposure. IEZ isolates the oilfield services and equipment supply chain, while RSPG spreads its weight across every energy company in the S&P 500, from exploration and production (E&P) firms and integrated majors to refiners and pipeline operators. They are not direct competitors; rather, they represent two contrasting ways to express a view on energy. Understanding their structural differences helps clarify relative positioning and risk in the current market environment.
iShares U.S. Oil Equipment & Services ETF (IEZ) Overview
IEZ is a passively managed fund that seeks to track the Dow Jones U.S. Select Oil Equipment & Services Index, a benchmark composed of U.S.-listed companies providing equipment and services to oil and gas producers. The portfolio is non-diversified and holds roughly 31 securities. It is heavily concentrated at the top: SLB (formerly Schlumberger) and BKR (Baker Hughes) each account for roughly 22% of assets, followed by smaller positions in FTI (TechnipFMC), HAL (Halliburton), and NOV. In aggregate, the top ten holdings represent around three-quarters of the fund. The net expense ratio is 0.37%. Because the underlying index is market-cap-weighted, the largest service providers dominate returns, amplifying single-name and sub-sector risk.
Invesco S&P 500 Equal Weight Energy ETF (RSPG) Overview
RSPG is also passively managed, but it seeks to replicate the S&P 500 Equal Weight Energy Index, which assigns an approximately equal weight to each energy constituent of the S&P 500. The fund typically holds about 22 to 24 large-cap names, including integrated majors such as XOM (Exxon Mobil) and CVX (Chevron), refiners like VLO (Valero) and MPC (Marathon Petroleum), midstream operators such as KMI (Kinder Morgan), and E&P producers including FANG (Diamondback Energy) and DVN (Devon Energy). No single position dominates, with individual holdings generally clustered near 4–5% of assets. The fund charges 0.40% and is rebalanced quarterly to restore equal weighting, which disciplines a value-oriented, contrarian tilt.
Industry and Thematic Backdrop
The energy complex has been shaped by several durable forces in recent market cycles: disciplined capital allocation among producers, OPEC+ supply management, resilient global demand, and elevated geopolitical risk. Oilfield services companies in IEZ are sensitive to upstream capital expenditure, rig counts, and offshore project activity, while RSPG's broader roster also captures refining margins, natural gas and liquefied natural gas (LNG) dynamics, and fee-based midstream cash flows. Rising interest-rate expectations and commodity price volatility remain key macro drivers for both funds, alongside energy-transition policy debates that influence long-term investment in hydrocarbon infrastructure.
Performance and Positioning Comparison
In recent weeks and months, both funds have participated in a broad energy uptrend, but their paths and magnitudes have differed. IEZ has exhibited greater momentum and higher volatility, reflecting a beta (a measure of sensitivity to broad-market moves) near 1.0 and a concentrated exposure to a rebounding services cycle. RSPG has delivered steadier relative positioning, with a lower beta near 0.5 and reduced standard deviation, cushioned by the stability of integrated majors and midstream operators. This divergence means IEZ has tended to outperform during sharp cyclical rallies in services demand, while RSPG has historically offered more balanced behavior across full energy sub-industries and less single-name concentration risk.
AI Screener
Tickeron's AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is designed to surface trade ideas, trending names, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener to refine your own ETF and equity watchlists.
Tickeron AI Verdict
Based on observable structural factors, Tickeron's AI would likely favor RSPG for its superior diversification, more favorable risk profile, and lower single-name concentration, while acknowledging IEZ's stronger cyclical momentum. RSPG's equal-weight construction reduces idiosyncratic risk, its integrated-major and midstream exposure offers steadier cash-flow characteristics, and its materially lower beta suggests more resilient relative positioning across market environments. IEZ remains an attractive vehicle for investors seeking targeted, high-beta exposure to the oilfield services cycle, but its concentration in just two dominant holdings makes it the higher-risk choice. Probabilistically, the AI leans toward RSPG for a balanced energy allocation.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is IEZ is a Hold and RSPG is a Hold.
IEZ's RSI Indicator ascends from oversold territory
The RSI Oscillator for IEZ moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In 25 of the 26 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +3.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where IEZ advanced for three days, in 292 of 320 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
IEZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on IEZ as a result. In 73 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for IEZ turned negative on November 04, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 42 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
IEZ moved below its 50-day moving average on November 02, 2026 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for IEZ moved below the 200-day moving average on October 28, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IEZ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 84%.
The Aroon Indicator for IEZ entered a downward trend on October 26, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
RSPG's RSI Oscillator sits in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for RSPG crossed bullishly above the 50-day moving average on October 12, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 21 of 23 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +3.08% 3-day Advance, the price is estimated to grow further. Considering data from situations where RSPG advanced for three days, in 359 of 395 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
RSPG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 311 of 343 cases where RSPG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on RSPG as a result. In 67 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
The Moving Average Convergence Divergence Histogram (MACD) for RSPG turned negative on November 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 46 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
RSPG moved below its 50-day moving average on November 04, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RSPG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.
| IEZ | RSPG | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 90% | 4 days ago 90% |
| Stochastic ODDS (%) | 4 days ago 90% | 4 days ago 90% |
| Momentum ODDS (%) | 4 days ago 90% | 4 days ago 85% |
| MACD ODDS (%) | 4 days ago 90% | 4 days ago 90% |
| TrendWeek ODDS (%) | 4 days ago 87% | 4 days ago 81% |
| TrendMonth ODDS (%) | 4 days ago 85% | 4 days ago 77% |
| Advances ODDS (%) | 14 days ago 90% | 15 days ago 90% |
| Declines ODDS (%) | 5 days ago 84% | 4 days ago 81% |
| BollingerBands ODDS (%) | 4 days ago 90% | 4 days ago 90% |
| Aroon ODDS (%) | 4 days ago 89% | 4 days ago 90% |
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IEZ and
Correlation & Price change
A.I.dvisor indicates that over the last year, IEZ has been closely correlated with NOV. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if IEZ jumps, then NOV could also see price increases.
RSPG and
Correlation & Price change
A.I.dvisor indicates that over the last year, RSPG has been closely correlated with EOG. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RSPG jumps, then EOG could also see price increases.
| Ticker / NAME | Correlation To RSPG | 1D Price Change % | ||
|---|---|---|---|---|
| RSPG | 100% | -0.07% | ||
| EOG - RSPG | 86% Closely correlated | +1.55% | ||
| DVN - RSPG | 86% Closely correlated | -1.56% | ||
| COP - RSPG | 86% Closely correlated | +0.60% | ||
| APA - RSPG | 84% Closely correlated | +2.64% | ||
| CVX - RSPG | 84% Closely correlated | -0.15% | ||
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