GGN vs. IXC
GGN (GAMCO Global Gold, Natural Resources and Income Trust) and IXC (iShares Global Energy ETF) are both funds - GGN is a Gold fund managed by Gabelli, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, GGN returned 8.43%/yr vs 9.33%/yr for IXC. At a 0.44 correlation, their price movements are largely independent. GGN charges 0.01%/yr vs 0.40%/yr for IXC.
Performance
GGN vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, GGN achieves a -0.79% return, which is significantly lower than IXC's 21.76% return. Over the past 10 years, GGN has underperformed IXC with an annualized return of 8.43%, while IXC has yielded a comparatively higher 9.33% annualized return.
GGN
- 1D
- -0.60%
- 1M
- -3.30%
- YTD
- -0.79%
- 6M
- -2.68%
- 1Y
- 19.35%
- 3Y*
- 20.42%
- 5Y*
- 14.32%
- 10Y*
- 8.43%
IXC
- 1D
- 1.08%
- 1M
- -9.08%
- YTD
- 21.76%
- 6M
- 23.49%
- 1Y
- 28.26%
- 3Y*
- 16.21%
- 5Y*
- 17.91%
- 10Y*
- 9.33%
GGN vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | -0.79% | 48.19% | 9.59% | 15.01% | 6.80% | 17.41% | -8.62% | 36.59% | -19.53% | 9.54% |
IXC iShares Global Energy ETF | 21.76% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between GGN and IXC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2005 | 0.44 |
Over the past year, the correlation between GGN and IXC has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
GGN vs. IXC — Risk / Return Rank
GGN
IXC
GGN vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GAMCO Global Gold, Natural Resources and Income Trust (GGN) 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.
| GGN | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.13 | -0.98 |
| Martin ratioReturn relative to average drawdown | 3.23 | 7.61 | -4.38 |
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Drawdowns
GGN vs. IXC - Drawdown Comparison
The maximum GGN drawdown since its inception was -73.04%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for GGN and IXC.
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Drawdown Indicators
| GGN | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -67.88% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -13.31% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -19.06% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -24.93% | +2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -53.04% | -64.16% | +11.12% |
Current DrawdownCurrent decline from peak | -13.44% | -12.37% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -31.74% | -17.46% | -14.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 3.76% | +2.24% |
Volatility
GGN vs. IXC - Volatility Comparison
GAMCO Global Gold, Natural Resources and Income Trust (GGN) has a higher volatility of 6.94% compared to iShares Global Energy ETF (IXC) at 6.48%. This indicates that GGN's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGN | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 6.48% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 15.81% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 19.19% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 23.48% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 26.87% | -3.78% |
GGN vs. IXC - Expense Ratio Comparison
GGN has a 0.02% expense ratio, which is lower than IXC's 0.40% expense ratio.
Dividends
GGN vs. IXC - Dividend Comparison
GGN's dividend yield for the trailing twelve months is around 7.27%, more than IXC's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | 7.27% | 6.98% | 9.55% | 10.37% | 9.92% | 9.60% | 13.68% | 13.64% | 16.22% | 11.52% | 15.85% | 17.68% |
IXC iShares Global Energy ETF | 3.12% | 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
GGN and IXC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGN has higher volatility (6.94%) compared to IXC (6.48%). In terms of maximum drawdown, GGN dropped -73.04% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (1.48 vs 0.82), 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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