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COAL vs. IGE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COAL vs. IGE

Last updated Aug 2, 2026
Documentation

COAL (Range Global Coal Index ETF) and IGE (iShares North American Natural Resources ETF) are both Energy Equities funds - COAL tracks the VettaFi Global Coal Index while IGE tracks the S&P North American Natural Resources Sector Index. Both are passively managed. Over the past year, COAL returned 22.35% vs 37.76% for IGE. Their 0.47 correlation means their historical movements had little consistent relationship. COAL charges 0.85%/yr vs 0.39%/yr for IGE.

Performance

COAL vs. IGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and iShares North American Natural Resources ETF (IGE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, COAL achieves a -0.83% return, which is significantly lower than IGE's 20.64% return.

COAL

1D
-2.10%
1M
-0.44%
6M
-12.42%
YTD
-0.83%
1Y
22.35%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
-3.06%

IGE

1D
-0.02%
1M
6.23%
6M
7.72%
YTD
20.64%
1Y
37.76%
3Y*
15.97%
5Y*
18.99%
10Y*
9.50%
ALL TIME*
7.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

COAL

Range Global Coal Index ETF
$815.57K$1.03M$1.32M

IGE

iShares North American Natural Resources ETF
$9.25M$7.13M$9.70M

COAL vs. IGE - Yearly Performance Comparison

2026 (YTD)20252024
COAL
Range Global Coal Index ETF		-0.83%12.65%-17.23%
IGE
iShares North American Natural Resources ETF		20.64%20.41%12.00%

Correlation

The correlation between COAL and IGE is 0.44, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.44

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2024

0.47

COAL vs. IGE - Sectors Allocation Comparison

Sectors
COAL
IGE

Energy

47.2%
72.3%

Basic Materials

44.2%
23.5%

Industrials

7.4%
0.1%

Utilities

1.2%

-

Communication Services

-

-

Consumer Cyclical

-

3.6%

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

0.2%

Real Estate

-

-

Technology

-

-

Energy

COAL
47.2%
IGE
72.3%

Basic Materials

COAL
44.2%
IGE
23.5%

Industrials

COAL
7.4%
IGE
0.1%

Utilities

COAL
1.2%
IGE

-

Communication Services

COAL

-

IGE

-

Consumer Cyclical

COAL

-

IGE
3.6%

Consumer Defensive

COAL

-

IGE

-

Financial Services

COAL

-

IGE

-

Healthcare

COAL

-

IGE
0.2%

Real Estate

COAL

-

IGE

-

Technology

COAL

-

IGE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Range Global Coal Index ETF

iShares North American Natural Resources ETF

Often compared with COAL:
COAL vs. PBOGCOAL vs. GXPECOAL vs. EMQQCOAL vs. FMUBCOAL vs. XLECOAL vs. CEFSCOAL vs. ROBO
Often compared with IGE:
IGE vs. NANRIGE vs. GUNRIGE vs. XLEIGE vs. IGEBIGE vs. PXEIGE vs. VTIIGE vs. FXAIX

Return for Risk

COAL vs. IGE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
COAL
COAL Risk / Return Rank: 3030
Overall Rank
COAL Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
COAL Sortino Ratio Rank: 3232
Sortino Ratio Rank
COAL Omega Ratio Rank: 3030
Omega Ratio Rank
COAL Calmar Ratio Rank: 3030
Calmar Ratio Rank
COAL Martin Ratio Rank: 2727
Martin Ratio Rank
IGE
IGE Risk / Return Rank: 8484
Overall Rank
IGE Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IGE Sortino Ratio Rank: 8787
Sortino Ratio Rank
IGE Omega Ratio Rank: 8585
Omega Ratio Rank
IGE Calmar Ratio Rank: 8484
Calmar Ratio Rank
IGE Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COAL vs. IGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) and iShares North American Natural Resources ETF (IGE). 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.

COALIGEDifference
Sharpe ratioReturn per unit of total volatility
0.73
2.19

-1.46

Sortino ratioReturn per unit of downside risk
1.22
2.91

-1.70

Omega ratioGain probability vs. loss probability

1.14

1.37

-0.22

Calmar ratioReturn relative to maximum drawdown

0.98

3.15

-2.16

Martin ratioReturn relative to average drawdown

2.33

9.73

-7.40

COAL vs. IGE - Sharpe Ratio Comparison

The current COAL Sharpe Ratio is 0.73, which is lower than the IGE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of COAL and IGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

COAL vs. IGE - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, smaller than the maximum IGE drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for COAL and IGE.

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Drawdown Indicators

COALIGEDifference

Max Drawdown

Largest peak-to-trough decline

-42.29%

-67.55%

+25.26%

Max Drawdown (1Y)

Largest decline over 1 year

-21.69%

-11.54%

-10.15%

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.49%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.72%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-60.57%

—

Current Drawdown

Current decline from peak

-20.35%

-4.70%

-15.65%

Average Drawdown

Average peak-to-trough decline

-14.37%

-18.82%

+4.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.15%

3.73%

+5.42%

Volatility

COAL vs. IGE - Volatility Comparison

Range Global Coal Index ETF (COAL) has a higher volatility of 7.66% compared to iShares North American Natural Resources ETF (IGE) at 3.97%. This indicates that COAL's price experiences larger fluctuations and is considered to be riskier than IGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COALIGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.66%

3.97%

+3.69%

Volatility (6M)

Calculated over the trailing 6-month period

21.79%

12.88%

+8.91%

Volatility (1Y)

Calculated over the trailing 1-year period

29.13%

16.57%

+12.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.64%

22.23%

+5.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.64%

24.86%

+2.78%

COAL vs. IGE - Expense Ratio Comparison

COAL has a 0.85% expense ratio, which is higher than IGE's 0.39% expense ratio.

Dividends

COAL vs. IGE - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.65%, more than IGE's 1.98% yield.

PositionTTM20252024202320222021202020192018201720162015
COAL
Range Global Coal Index ETF		2.65%2.63%1.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IGE
iShares North American Natural Resources ETF		1.98%2.32%2.54%2.85%2.96%2.92%3.34%5.55%2.68%2.11%1.66%3.08%

Frequently Asked Questions

COAL and IGE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

COAL has higher volatility (7.66%) compared to IGE (3.97%). In terms of maximum drawdown, COAL dropped -42.29% vs IGE's -67.55%.

On 1-year performance, IGE leads with 37.76% vs 22.35% for COAL. On fees, IGE is cheaper at 0.39% per year. On volatility, IGE has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IGE has performed better with a 37.76% return vs 22.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGE is cheaper with a 0.39% expense ratio, compared with 0.85% for COAL.

COAL has the higher dividend yield at 2.65%, compared with 1.98% for IGE.

COAL tracks VettaFi Global Coal Index, while IGE tracks S&P North American Natural Resources Sector Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.85% for COAL and 0.39% for IGE.

IGE currently has the higher Sharpe Ratio (2.19 vs 0.73), 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.

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