GXPE vs. IGE
GXPE (Global X PureCap MSCI Energy ETF) and IGE (iShares North American Natural Resources ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while IGE tracks the S&P North American Natural Resources Sector Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. GXPE charges 0.15%/yr vs 0.39%/yr for IGE.
Performance
GXPE vs. IGE - Performance Comparison
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Returns By Period
In the year-to-date period, GXPE achieves a 20.25% return, which is significantly higher than IGE's 13.49% return.
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGE
- 1D
- -1.77%
- 1M
- -7.90%
- YTD
- 13.49%
- 6M
- 12.84%
- 1Y
- 30.59%
- 3Y*
- 17.84%
- 5Y*
- 15.86%
- 10Y*
- 8.90%
GXPE vs. IGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
IGE iShares North American Natural Resources ETF | 13.49% | 12.95% |
Correlation
The correlation between GXPE and IGE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.74 |
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Return for Risk
GXPE vs. IGE — Risk / Return Rank
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGE
GXPE vs. IGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.
| GXPE | IGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.97 | — |
| Martin ratioReturn relative to average drawdown | — | 11.11 | — |
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Drawdowns
GXPE vs. IGE - Drawdown Comparison
The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum IGE drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for GXPE and IGE.
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Drawdown Indicators
| GXPE | IGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.89% | -67.55% | +52.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.35% | — |
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 DrawdownCurrent decline from peak | -14.64% | -10.35% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -18.87% | +15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.76% | — |
Volatility
GXPE vs. IGE - Volatility Comparison
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Volatility by Period
| GXPE | IGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 16.56% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 22.42% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 24.93% | -4.19% |
GXPE vs. IGE - Expense Ratio Comparison
GXPE has a 0.15% expense ratio, which is lower than IGE's 0.39% expense ratio.
Dividends
GXPE vs. IGE - Dividend Comparison
GXPE's dividend yield for the trailing twelve months is around 1.00%, less than IGE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 1.00% | 1.20% | 0.00% | 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 | 2.10% | 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
GXPE and IGE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.39% for IGE.
IGE has the higher dividend yield at 2.10%, compared with 1.00% for GXPE.
GXPE tracks MSCI USA Energy PureCap Index, while IGE tracks S&P North American Natural Resources Sector Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for GXPE and 0.39% for IGE.
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