ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Oil & Gas ETF is an ETF fund and SBI Energy Opportunities Fund is a Thematic fund. In the year to 30-10-2026, ICICI Prudential Nifty Oil & Gas ETF returned −13.7% and SBI Energy Opportunities Fund (Direct) returned −6.5%. ICICI Prudential Nifty Oil & Gas ETF charges 0.42% a year and SBI Energy Opportunities Fund 0.92%. Their portfolios overlap 38.4%: they hold 9 of the same securities.
ICICI Prudential Nifty Oil & Gas ETF
ETF
- 1 year return
- −13.7%
- Expense ratio
- 0.42%
- NAV
- ₹10.47
SBI Energy Opportunities Fund
Thematic
- 1 year return
- −6.5%
- Expense ratio
- 0.92%
- NAV
- ₹10.40
Which is better, ICICI Prudential Nifty Oil & Gas ETF or SBI Energy Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Energy Opportunities returned more over 1 year: −6.5% against −13.7%.
- ICICI Prudential Nifty Oil & Gas ETF costs less: 0.42% a year against 0.92%.
- SBI Energy Opportunities fell less in its worst fall since 22-07-2024: −28.0% against −29.1%.
- ICICI Prudential Nifty Oil & Gas ETF holds more in large companies: 74.4% of the fund in large caps against 43.7%.
- SBI Energy Opportunities is the larger fund: ₹7,966 Cr against ₹278 Cr.
- Their portfolios overlap 38.4%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹278 Cr (30-09-2026) | ₹7,966 Cr (30-09-2026) |
| NAV | ₹10.47 | ₹10.40 (Direct) |
| Expense ratio (Direct) | Not available | 0.92% |
| Expense ratio (Regular) | Not available | 1.87% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Oil & Gas TRI | Nifty Energy TRI |
| Launch date | 19-07-2024 | 26-02-2024 |
| Minimum investment | During Ongoing/Continuous Offer: On Stock Exchange(s): Investor can buy / sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Eligible Investors can buy/sell units of the Scheme in Creation Unit Size vi | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Raj Gandhi |
| Exit load | Not available | Exit load of 1%, if redeemed within 30 days. |
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Oil & Gas ETF | −2.92% | −7.27% | −11.69% | −13.68% | -- | -- | -- |
| SBI Energy Opportunities Fund (Direct) | −4.33% | −8.56% | −9.69% | −6.54% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Year-wise Returns
| Year | ICICI Prudential Nifty Oil & Gas ETFICICI Prudential Nifty Oil & Gas ETF | SBI Energy OpportunitiesSBI Energy Opportunities |
|---|---|---|
| 2026to date | −15.46% | −5.57% |
| 2025 | +14.81% | +5.90% |
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Oil & Gas TRI, the benchmark of ICICI Prudential Nifty Oil & Gas ETF
Rolling returns
Every 1-year holding period, 314 of them, one for each trading day from 22-07-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Nifty Oil & Gas ETF
SBI Energy Opportunities Fund (Direct)
Nifty Oil & Gas TRI
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Oil & Gas ETF | 45.5 | 18.2 | 14.0 | 12.7 | 4.8 | 3.8 | 1.0 | 1.4% | 1.1% | −18.9% | 25.6% | 0% |
| SBI Energy Opportunities | 28.9 | 23.9 | 27.0 | 12.6 | 2.8 | 3.1 | 1.6 | 4.0% | 4.2% | −13.9% | 29.1% | 65% |
| Nifty Oil & Gas TRI | 44.9 | 16.9 | 15.0 | 12.7 | 5.4 | 4.1 | 1.0 | 1.8% | 1.5% | −18.7% | 26.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Oil & Gas TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 22-07-2024. Past returns do not promise future returns.
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 22-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty Oil & Gas ETFICICI Prudential Nifty Oil & Gas ETF | ₹2,80,000 | ₹2,54,329 | −₹25,671 | −7.8% |
| SBI Energy OpportunitiesSBI Energy Opportunities Fund (Direct) | ₹2,80,000 | ₹2,70,121 | −₹9,879 | −3.0% |
ICICI Prudential Nifty Oil & Gas ETFICICI Prudential Nifty Oil & Gas ETF
SBI Energy OpportunitiesSBI Energy Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.68% | −6.54% |
| Standard deviation | 16.00% | 15.45% |
| Sharpe ratio | -1.18 | -0.76 |
| Sortino ratio | -1.56 | -1.02 |
| Maximum drawdown | −16.3% (12-10-2026) | −12.4% (23-10-2026) |
| Beta | 1.00 | 0.86 |
| Alpha | −0.35% | −4.83% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.05% | +1.14% |
| Standard deviation | 17.42% | 17.92% |
| Sharpe ratio | -0.79 | -0.27 |
| Sortino ratio | -1.08 | -0.34 |
| Maximum drawdown | −29.1% (03-03-2025) | −28.0% (03-03-2025) |
| Beta | 1.00 | 0.85 |
| Alpha | −0.36% | +3.25% |
From daily NAVs, 22-07-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Nifty Oil & Gas ETF
SBI Energy Opportunities Fund (Direct)
Nifty Oil & Gas TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Oil & Gas ETF | −29.1% | 02-09-2024 | 03-03-2025 | Not yet | -- | −22.7% |
| SBI Energy Opportunities Fund (Direct) | −28.0% | 27-09-2024 | 03-03-2025 | Not yet | -- | −14.3% |
| Nifty Oil & Gas TRI | −29.0% | 02-09-2024 | 03-03-2025 | Not yet | -- | −22.1% |
From daily values since 22-07-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Nifty Oil & Gas ETF
SBI Energy Opportunities Fund (Direct)
Nifty Oil & Gas TRI
Against Nifty Oil & Gas TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Oil & Gas ETF | 99% | 101% | 0.05% |
| SBI Energy Opportunities Fund (Direct) | 103% | 87% | 9.20% |
From month-end values since 22-07-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Oil & Gas ETF, September 2026; SBI Energy Opportunities Fund, September 2026
Holdings in common
- Overlap
- 38.4%
- Held by both
- 9
- Only in ICICI Prudential Nifty Oil & Gas ETF
- 6
- Only in SBI Energy Opportunities
- 30
| Security | % of ICICI Prudential Nifty Oil & Gas ETF | % of SBI Energy Opportunities |
|---|---|---|
| Reliance Industries Ltd. | 32.68% | 8.86% |
| GAIL (India) Ltd. | 7.83% | 8.01% |
| Oil & Natural Gas Corporation Ltd. | 14.93% | 7.74% |
| Bharat Petroleum Corporation Ltd. | 10.36% | 4.63% |
| Petronet LNG Ltd. | 3.63% | 4.72% |
| Indian Oil Corporation Ltd. | 8.58% | 2.99% |
| Indraprastha Gas Ltd. | 1.74% | 2.04% |
| Castrol India Ltd. | 1.62% | 0.88% |
| Oil India Ltd. | 4.16% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.4% means 38.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Nifty Oil & Gas ETF
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 5.73% |
| Aegis Logistics Ltd. | 2.95% |
| Adani total gas Ltd. | 2.80% |
| Chennai Petroleum Corporation Ltd. | 1.18% |
| Mahanagar Gas Ltd. | 1.03% |
Largest holdings only in SBI Energy Opportunities Fund
| Security | % of fund |
|---|---|
| Gujarat Energy Ltd. | 5.61% |
| Kalpataru Projects International Ltd. | 5.07% |
| NTPC Ltd. | 4.56% |
| Savita Oil Technologies Ltd. | 3.85% |
| JSW Energy Ltd. | 3.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities |
|---|---|---|
| Equity | 99.9% | 97.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 0.1% | 2.5% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities |
|---|---|---|
| Large Cap | 74.4% | 43.7% |
| Mid Cap | 16.3% | 21.6% |
| Small Cap | 9.2% | 28.1% |
| Not on AMFI's list | 0.0% | 4.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities |
|---|---|---|
| Petroleum Products | 60.1% | 21.2% |
| Gas | 20.0% | 21.5% |
| Oil | 19.8% | 8.1% |
| Power | 0.0% | 16.6% |
| Electrical Equipment | 0.0% | 7.1% |
| Construction | 0.0% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Oil & Gas ETF | SBI Energy Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.92% |
| Base expense ratio (Direct) | 0.00% | 0.71% |
| Total expense ratio (Regular) | Not available | 1.87% |
| Base expense ratio (Regular) | 0.34% | 1.53% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare SBI Energy Opportunities with
ICICI Prudential Nifty Oil & Gas ETF vs SBI Energy Opportunities Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Oil & Gas ETF and SBI Energy Opportunities Fund?
ICICI Prudential Nifty Oil & Gas ETF is an ETF fund, SBI Energy Opportunities Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 38.4%. ICICI Prudential Nifty Oil & Gas ETF charges 0.42% a year and SBI Energy Opportunities Fund 0.92%.
Which has given higher returns, ICICI Prudential Nifty Oil & Gas ETF or SBI Energy Opportunities Fund?
Over 1 year: ICICI Prudential Nifty Oil & Gas ETF −13.68%, SBI Energy Opportunities Fund −6.54%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Oil & Gas ETF or SBI Energy Opportunities Fund?
ICICI Prudential Nifty Oil & Gas ETF charges less: 0.42% a year against 0.92%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Oil & Gas ETF and SBI Energy Opportunities Fund overlap?
38.4%. They hold 9 of the same securities, the largest shared ones being RELIANCE, GAIL, ONGC. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Oil & Gas ETF and SBI Energy Opportunities Fund?
Yes. 38.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Nifty Oil & Gas ETF and SBI Energy Opportunities Fund?
ICICI Prudential Nifty Oil & Gas ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja. SBI Energy Opportunities Fund: Raj Gandhi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.