BACAX vs. IXC
Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACAX) and iShares Global Energy ETF (IXC).
BACAX is managed by Blackrock. It was launched on Feb 16, 2005. IXC is a passively managed fund by iShares that tracks the performance of the S&P Global Energy Sector Index. It was launched on Nov 16, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BACAX or IXC.
Performance
BACAX vs. IXC - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BACAX having a 10.76% return and IXC slightly higher at 10.79%. Over the past 10 years, BACAX has underperformed IXC with an annualized return of 1.97%, while IXC has yielded a comparatively higher 4.35% annualized return.
BACAX
10.76%
1.97%
-1.47%
9.79%
11.37%
1.97%
IXC
10.79%
2.35%
-1.16%
10.82%
11.84%
4.35%
Key characteristics
| BACAX | IXC | |
|---|---|---|
| Sharpe Ratio | 0.62 | 0.83 |
| Sortino Ratio | 0.92 | 1.20 |
| Omega Ratio | 1.11 | 1.15 |
| Calmar Ratio | 0.25 | 1.20 |
| Martin Ratio | 2.08 | 2.82 |
| Ulcer Index | 4.82% | 4.73% |
| Daily Std Dev | 16.08% | 15.98% |
| Max Drawdown | -82.42% | -67.88% |
| Current Drawdown | -31.25% | -3.20% |
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BACAX vs. IXC - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than IXC's 0.46% expense ratio.
Correlation
The correlation between BACAX and IXC is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BACAX vs. IXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and iShares Global Energy ETF (IXC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BACAX vs. IXC - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 2.29%, less than IXC's 3.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 2.29% | 3.06% | 2.20% | 2.39% | 3.39% | 2.69% | 2.88% | 2.48% | 1.95% | 1.98% | 1.22% | 0.42% |
IXC iShares Global Energy ETF | 3.62% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% | 3.02% | 2.48% |
Drawdowns
BACAX vs. IXC - Drawdown Comparison
The maximum BACAX drawdown since its inception was -82.42%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for BACAX and IXC. For additional features, visit the drawdowns tool.
Volatility
BACAX vs. IXC - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACAX) is 3.18%, while iShares Global Energy ETF (IXC) has a volatility of 3.71%. This indicates that BACAX experiences smaller price fluctuations and is considered to be less risky than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.