GXPE vs. IXC
GXPE (Global X PureCap MSCI Energy ETF) and IXC (iShares Global Energy ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while IXC tracks the S&P Global 1200 Energy Capped Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. GXPE charges 0.15%/yr vs 0.40%/yr for IXC.
Performance
GXPE vs. IXC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GXPE having a 20.25% return and IXC slightly lower at 19.75%.
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXC
- 1D
- -2.08%
- 1M
- -10.58%
- YTD
- 19.75%
- 6M
- 20.79%
- 1Y
- 30.95%
- 3Y*
- 15.57%
- 5Y*
- 17.21%
- 10Y*
- 9.15%
GXPE vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
IXC iShares Global Energy ETF | 19.75% | 7.54% |
Correlation
The correlation between GXPE and IXC is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.96 |
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Return for Risk
GXPE vs. IXC — Risk / Return Rank
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXC
GXPE vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.
| GXPE | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 7.97 | — |
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Drawdowns
GXPE vs. IXC - Drawdown Comparison
The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for GXPE and IXC.
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Drawdown Indicators
| GXPE | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.89% | -67.88% | +52.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -14.64% | -13.81% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -17.46% | +13.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.89% | — |
Volatility
GXPE vs. IXC - Volatility Comparison
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Volatility by Period
| GXPE | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 19.14% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 23.50% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 26.83% | -6.09% |
GXPE vs. IXC - Expense Ratio Comparison
GXPE has a 0.15% expense ratio, which is lower than IXC's 0.40% expense ratio.
Dividends
GXPE vs. IXC - Dividend Comparison
GXPE's dividend yield for the trailing twelve months is around 1.00%, less than IXC's 3.17% 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% |
IXC iShares Global Energy ETF | 3.17% | 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
With a correlation of 0.96, GXPE and IXC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for IXC.
IXC has the higher dividend yield at 3.17%, compared with 1.00% for GXPE.
GXPE tracks MSCI USA Energy PureCap Index, while IXC tracks S&P Global 1200 Energy Capped Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for GXPE and 0.40% for IXC.
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