BGR vs. IXC

Last updated Jun 4, 2026

BGR (BlackRock Energy and Resources Trust) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 10 years, BGR returned 8.56%/yr vs 10.29%/yr for IXC. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

BGR vs. IXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Energy and Resources Trust (BGR) and iShares Global Energy ETF (IXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGR achieves a 22.44% return, which is significantly lower than IXC's 32.22% return. Over the past 10 years, BGR has underperformed IXC with an annualized return of 8.56%, while IXC has yielded a comparatively higher 10.29% annualized return.

BGR

• 1D: 0.63%
• 1M: -3.95%
• YTD: 22.44%
• 6M: 19.36%
• 1Y: 37.77%
• 3Y*: 18.67%
• 5Y*: 17.50%
• 10Y*: 8.56%

IXC

• 1D: 0.87%
• 1M: -1.75%
• YTD: 32.22%
• 6M: 30.00%
• 1Y: 48.10%
• 3Y*: 18.84%
• 5Y*: 19.64%
• 10Y*: 10.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGR vs. IXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGR BlackRock Energy and Resources Trust	22.44%	17.34%	8.07%	5.73%	38.90%	40.25%	-34.78%	23.32%	-21.21%	5.18%
IXC iShares Global Energy ETF	32.22%	13.98%	1.95%	3.92%	48.51%	40.88%	-31.00%	12.67%	-14.85%	5.54%

Correlation

The correlation between BGR and IXC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 27, 2004	0.82

The correlation between BGR and IXC has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

BGR vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGR

BGR Risk / Return Rank: 86
BGR Sharpe Ratio Rank: 87
BGR Sortino Ratio Rank: 80
BGR Omega Ratio Rank: 86
BGR Calmar Ratio Rank: 87
BGR Martin Ratio Rank: 89

IXC

IXC Risk / Return Rank: 76
IXC Sharpe Ratio Rank: 78
IXC Sortino Ratio Rank: 70
IXC Omega Ratio Rank: 68
IXC Calmar Ratio Rank: 87
IXC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGR vs. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy and Resources Trust (BGR) 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.

	BGR	IXC	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.58	-0.63
Sortino ratio Return per unit of downside risk	2.35	3.25	-0.90
Omega ratio Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio Return relative to maximum drawdown	3.88	5.00	-1.13
Martin ratio Return relative to average drawdown	11.91	15.10	-3.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGR vs. IXC - Sharpe Ratio Comparison

The current BGR Sharpe Ratio is 1.95, which is comparable to the IXC Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of BGR and IXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGR	IXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.58	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.84	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.38	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.32	-0.11

Drawdowns

BGR vs. IXC - Drawdown Comparison

The maximum BGR drawdown since its inception was -72.74%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for BGR and IXC.

Drawdown Indicators

	BGR	IXC	Difference
Max Drawdown Largest peak-to-trough decline	-72.74%	-67.88%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-9.66%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-19.06%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-24.93%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-66.16%	-64.16%	-2.00%
Current Drawdown Current decline from peak	-6.47%	-4.84%	-1.63%
Average Drawdown Average peak-to-trough decline	-20.25%	-17.48%	-2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.20%	-0.02%

Volatility

BGR vs. IXC - Volatility Comparison

BlackRock Energy and Resources Trust (BGR) and iShares Global Energy ETF (IXC) have volatilities of 7.41% and 7.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGR	IXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	7.50%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	15.42%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.50%	18.75%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	23.50%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	26.85%	0.00%

Dividends

BGR vs. IXC - Dividend Comparison

BGR's dividend yield for the trailing twelve months is around 7.27%, more than IXC's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGR BlackRock Energy and Resources Trust	7.27%	8.62%	6.66%	6.22%	4.62%	4.75%	9.26%	7.84%	8.91%	6.57%	6.90%	11.93%
IXC iShares Global Energy ETF	2.79%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%

Frequently Asked Questions

Can I hold both BGR and IXC in my portfolio?

BGR and IXC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGR or IXC?

IXC has higher volatility (7.50%) compared to BGR (7.41%). In terms of maximum drawdown, BGR dropped -72.74% vs IXC's -67.88%.

Which has better risk-adjusted returns?

IXC currently has the higher Sharpe Ratio (2.58 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.