BMO vs. IXC
BMO (Bank of Montreal) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, BMO returned 16.19%/yr vs 9.48%/yr for IXC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
BMO vs. IXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMO achieves a 36.97% return, which is significantly higher than IXC's 20.55% return. Over the past 10 years, BMO has outperformed IXC with an annualized return of 16.19%, while IXC has yielded a comparatively lower 9.48% annualized return.
BMO
- 1D
- 1.41%
- 1M
- 8.01%
- YTD
- 36.97%
- 6M
- 36.23%
- 1Y
- 70.04%
- 3Y*
- 31.09%
- 5Y*
- 15.97%
- 10Y*
- 16.19%
IXC
- 1D
- 0.67%
- 1M
- -7.64%
- YTD
- 20.55%
- 6M
- 21.59%
- 1Y
- 32.10%
- 3Y*
- 15.17%
- 5Y*
- 17.36%
- 10Y*
- 9.48%
BMO vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 36.97% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
IXC iShares Global Energy ETF | 20.55% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between BMO and IXC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2001 | 0.51 |
Over the past year, the correlation between BMO and IXC has dropped to 0.02 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMO vs. IXC — Risk / Return Rank
BMO
IXC
BMO vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMO | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.28 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | 2.33 | +3.73 |
| Martin ratioReturn relative to average drawdown | 22.62 | 8.08 | +14.54 |
Loading charts...
Drawdowns
BMO vs. IXC - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.17%, roughly equal to the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for BMO and IXC.
Loading charts...
Drawdown Indicators
| BMO | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.17% | -67.88% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -13.81% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -19.06% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -24.93% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -64.16% | +13.19% |
Current DrawdownCurrent decline from peak | 0.00% | -13.24% | +13.24% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -17.46% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.98% | -0.87% |
Volatility
BMO vs. IXC - Volatility Comparison
The current volatility for Bank of Montreal (BMO) is 4.16%, while iShares Global Energy ETF (IXC) has a volatility of 6.46%. This indicates that BMO 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.
Loading charts...
Volatility by Period
| BMO | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 6.46% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 15.23% | 15.91% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 19.08% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.33% | 23.50% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.62% | 26.82% | -3.20% |
Dividends
BMO vs. IXC - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 2.75%, less than IXC's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 2.75% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
IXC iShares Global Energy ETF | 3.15% | 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
BMO and IXC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.46%) compared to BMO (4.16%). In terms of maximum drawdown, BMO dropped -68.17% vs IXC's -67.88%.
BMO currently has the higher Sharpe Ratio (3.71 vs 1.69), 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.
Find the right allocation for BMO and IXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer