COAL vs. GXPE

Last updated Jun 5, 2026

COAL (Range Global Coal Index ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - COAL tracks the VettaFi Global Coal Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. COAL charges 0.85%/yr vs 0.15%/yr for GXPE.

Performance

COAL vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COAL achieves a 24.29% return, which is significantly lower than GXPE's 30.84% return.

COAL

• 1D: 2.07%
• 1M: 8.50%
• YTD: 24.29%
• 6M: 26.74%
• 1Y: 69.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPE

• 1D: -0.26%
• 1M: -1.57%
• YTD: 30.84%
• 6M: 28.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COAL vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
COAL Range Global Coal Index ETF	24.29%	10.06%
GXPE Global X PureCap MSCI Energy ETF	30.84%	4.62%

Correlation

The correlation between COAL and GXPE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.27

Return for Risk

COAL vs. GXPE — Risk / Return Rank

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

COAL

COAL Risk / Return Rank: 71
COAL Sharpe Ratio Rank: 74
COAL Sortino Ratio Rank: 71
COAL Omega Ratio Rank: 64
COAL Calmar Ratio Rank: 84
COAL Martin Ratio Rank: 61

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.

COAL vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) and Global X PureCap MSCI Energy ETF (GXPE). 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.

	COAL	GXPE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.52	—	—
Martin ratio: Return relative to average drawdown	10.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	COAL	GXPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	2.15	-1.89

Drawdowns

COAL vs. GXPE - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, which is greater than GXPE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for COAL and GXPE.

Drawdown Indicators

	COAL	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-12.37%	-29.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	—	—
Current Drawdown Current decline from peak	-0.18%	-7.12%	+6.94%
Average Drawdown Average peak-to-trough decline	-14.12%	-3.23%	-10.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	—	—

Volatility

Volatility by Period

	COAL	GXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.45%	20.38%	+9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	20.38%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	20.38%	+7.23%

COAL vs. GXPE - Expense Ratio Comparison

COAL has a 0.85% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

COAL vs. GXPE - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.12%, more than GXPE's 0.92% yield.

Position	TTM	2025	2024
COAL Range Global Coal Index ETF	2.12%	2.63%	1.80%
GXPE Global X PureCap MSCI Energy ETF	0.92%	1.20%	0.00%

Frequently Asked Questions

Can I hold both COAL and GXPE in my portfolio?

COAL and GXPE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COAL or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COAL or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.85% for COAL.

Which ETF pays a higher dividend yield, COAL or GXPE?

COAL has the higher dividend yield at 2.12%, compared with 0.92% for GXPE.

What is the main difference between COAL and GXPE?

COAL tracks VettaFi Global Coal Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.85% for COAL and 0.15% for GXPE.