IYE(IYE)
AI Look-Through Summary
AI GeneratedThe IYE ETF maintains a highly concentrated exposure to the energy sector, with 68.9% of its assets allocated directly within this industry. This heavy weighting is driven by significant top-holdings concentration in major oil and gas producers; Exxon Mobil alone accounts for over one-fifth of the fund's portfolio, followed closely by Chevron at roughly fifteen percent. When combined, these two giants constitute nearly 37% of total holdings, creating a distinct reliance on large-cap integrated energy firms while leaving minimal room for diversification into renewable alternatives or downstream services outside this specific sub-sector. The remaining top ten positions are exclusively composed of companies within the same energy classification, reinforcing that the fund's performance will be almost entirely tethered to fluctuations in crude oil prices and broader commodity cycles rather than a diversified market basket.
Geographically, while specific country weights are not detailed in the provided data, the composition suggests an overwhelming tilt toward United States-based operations given the dominance of domestic majors like XOM and CVX alongside international peers such as WMB. This structural setup implies that currency fluctuations or regional regulatory changes outside North America will have a negligible impact on the fund's overall trajectory compared to internal US energy policy shifts. Quantitatively, with an AUM of $1.7 billion, the vehicle holds sufficient liquidity for institutional and retail participation but remains small relative to broad-market benchmarks like the S&P 500. The lack of exposure outside the primary sector means that volatility in this specific industry will be magnified within the ETF's returns, offering a leveraged view on energy market dynamics without providing any inherent hedge against broader economic downturns or secular declines in fossil fuel demand.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-18 11:43:31.66409+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The investment theme implied by the ticker IYE is a focused exposure to the energy sector, and the fund's composition demonstrates an exceptionally high degree of alignment with this stated objective. The top ten holdings are exclusively comprised of companies within the Energy sector, creating a portfolio where every major position directly supports the thematic mandate without dilution from unrelated industries such as technology or consumer staples. This uniformity suggests that the fund manager has successfully constructed a vehicle dedicated strictly to energy equities rather than utilizing broad market names merely to stabilize volatility or obscure underlying composition.
Sector coherence is further reinforced by the weight distribution, where Energy constitutes nearly 69% of the total portfolio and accounts for every single position in the top ten holdings list. This heavy concentration indicates that the fund offers a genuine differentiation from a broad-market index like the S&P 500, which would typically include significant allocations to financials, healthcare, and consumer discretionary sectors alongside energy. The absence of non-energy stocks within the leading positions confirms that the portfolio is not a disguised general market tracker but rather a specialized instrument designed for investors seeking targeted exposure to the oil and gas industry lifecycle.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 16:36:21.39458+00
🏢 Sector Analysis
AI GeneratedThe IYE ETF exhibits a highly concentrated exposure to the energy sector, with this single industry accounting for nearly 69% of total assets. This allocation strategy suggests an investment thesis centered on capturing broad commodity price movements and supply chain dynamics within the upstream and midstream segments of the oil and gas value chain. By holding ten positions entirely within one sector, the fund prioritizes deep specialization over diversification across traditional equity classes or other industries, effectively functioning as a leveraged proxy for energy market performance rather than a balanced portfolio component.
Significant concentration risk is evident in the top-five holdings structure, where Exxon Mobil and Chevron alone comprise approximately 37% of the entire portfolio weight. This heavy reliance on two major integrated oil companies indicates that the fund's beta is heavily influenced by the specific operational outcomes, capital allocation decisions, and regulatory environments facing these giants. The fact that all ten positions reside within the energy sector further amplifies this risk profile, meaning adverse macroeconomic shifts affecting fuel demand or geopolitical disruptions to production would likely impact a substantial majority of the fund's value simultaneously without internal hedging mechanisms from other sectors.
The data also reveals a distinct tilt toward large-cap leaders and midstream infrastructure providers rather than small-cap explorationists or renewable energy sub-sectors. With Chevron, Exxon Mobil, ConocoPhillips, Williams Companies, and Schlumberger dominating the top ten, the fund leans heavily on established entities with significant cash flows and downstream integration capabilities. This composition implies a preference for stability within the traditional fossil fuel complex over exposure to volatile junior miners or emerging clean energy technologies. Consequently, the fund's performance will be tightly correlated with conventional hydrocarbon cycles, offering investors a focused view of that specific market segment while exposing them to sector-specific volatility without diversification buffers from other economic drivers.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 10:36:23.210125+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share IYE's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of IYE's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 10 | 68.9% |
| VTVT | $80B | — | 10 | 68.9% |
| IVViShares Core S&P 500 ETF | $762B | 0.03% | 10 | 68.9% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 10 | 68.9% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 10 | 68.9% |
69% of IYE's portfolio by weight is also held by VTI, which commands 1239× more assets under management. When VTI receives inflows, it mechanically buys these shared stocks — dragging IYE's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofIYE's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 69% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside IYE collectively pay out 76% of their Free Cash Flow to maintain the current yield. This is stretched — a prolonged earnings slump could force constituent companies to cut dividends. Based on 69% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryIYE is up 42.2% over the last 12 months. The underlying weighted earnings growth of its constituents is -9.3%. The remaining +51.5% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 69% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of IYE's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of IYE's analyzed weight, 62% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 38% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 69% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
CRITICALXOM at 21.7% has captured IYE's portfolio. The top 3 holdings (44%) dominate the fund's variance — the remaining 7 stocks provide minimal diversification.IYE effectively behaves like a 12-stock portfolio, not a 10-stock one.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Passive Crowding Score
HIGHHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
IYE has a Passive Crowding Score of 52/100. On average, 15.7% of the market capitalization of IYE's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 40 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil Corp Energy | 21.72% | 24.5x | 5/9 |
| 2 | CVX | Chevron Corp Energy | 15.40% | 31.7x | 6/9 |
| 3 | COP | ConocoPhillips Energy | 6.51% | 19.3x | 6/9 |
| 4 | WMB | Williams Companies Inc Energy | 4.38% | 31.3x | 7/9 |
| 5 | SLB | SLB Ltd Energy | 3.94% | 24.0x | 4/9 |
| 6 | EOG | EOG Resources Inc Energy | 3.55% | 13.1x | 3/9 |
| 7 | VLO | Valero Energy Corp Energy | 3.54% | 17.9x | 6/9 |
| 8 | MPC | Marathon Petroleum Corp Energy | 3.43% | 16.4x | 7/9 |
| 9 | PSX | Phillips 66 Energy | 3.32% | 17.4x | 6/9 |
| 10 | BKR | Baker Hughes Co Class A Energy | 3.12% | 20.4x | 7/9 |
Historical Holdings Snapshots
Browse how IYE’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 68.9% tracked weight2026-05-23
10 holdings · 68.9% tracked weight2026-05-22
10 holdings · 68.9% tracked weight2026-05-21
10 holdings · 68.9% tracked weight2026-05-20
10 holdings · 68.9% tracked weightSource: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove IYE Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of $62.98 for IYE sits within a technical context where Short-Term Moving Averages are positioned above their Long-Term counterparts, suggesting that recent trading activity has pushed the asset higher relative to its longer-term average cost basis. This configuration often reflects sustained buying pressure from larger market participants who may be accumulating positions as price action trends upward against historical norms. However, without corresponding volume expansion confirming this move, one must remain cautious about whether institutional interest is broadening or if the current elevation relies on narrower participation. Volume analysis in isolation does not provide definitive direction here; while rising prices typically coincide with increasing turnover when institutions are aggressive buyers, a lack of significant volume surge alongside the price climb could indicate that larger players are holding steady rather than aggressively adding to holdings. The absence of a clear breakout pattern supported by heavy institutional order flow means the market remains in a state where supply and demand dynamics are relatively balanced at this specific level. Observers should monitor whether future price movements are accompanied by substantial volume increases, as such data would more reliably signal that major entities are actively repositioning their portfolios rather than merely reacting to short-term volatility.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How IYE’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.