GXPE vs. SHEH

Last updated Jul 17, 2026

GXPE (Global X PureCap MSCI Energy ETF) and SHEH (Shell plc ADRhedged ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while SHEH tracks the Shell plc - Benchmark Price Return. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. GXPE charges 0.15%/yr vs 0.19%/yr for SHEH.

Performance

GXPE vs. SHEH - Performance Comparison

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

Returns By Period

In the year-to-date period, GXPE achieves a 28.48% return, which is significantly higher than SHEH's 16.83% return.

GXPE

• 1D: 1.03%
• 1M: 4.22%
• 6M: 20.71%
• YTD: 28.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHEH

• 1D: 0.94%
• 1M: 3.01%
• 6M: 16.16%
• YTD: 16.83%
• 1Y: 22.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXPE vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	28.48%	4.62%
SHEH Shell plc ADRhedged ETF	16.83%	5.32%

Correlation

The correlation between GXPE and SHEH is 0.70, 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	0.70

Return for Risk

GXPE vs. SHEH — Risk / Return Rank

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

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHEH

SHEH Risk / Return Rank: 35
SHEH Sharpe Ratio Rank: 38
SHEH Sortino Ratio Rank: 36
SHEH Omega Ratio Rank: 36
SHEH Calmar Ratio Rank: 32
SHEH Martin Ratio Rank: 32

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.

GXPE vs. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.12	—
Sortino ratio: Return per unit of downside risk	—	1.60	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.32	—
Martin ratio: Return relative to average drawdown	—	3.67	—

Drawdowns

GXPE vs. SHEH - Drawdown Comparison

The maximum GXPE drawdown since its inception was -15.73%, smaller than the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GXPE and SHEH.

Drawdown Indicators

	GXPE	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-17.53%	+1.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.53%	—
Current Drawdown Current decline from peak	-8.79%	-9.92%	+1.13%
Average Drawdown Average peak-to-trough decline	-4.21%	-4.06%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.27%	—

Volatility

Volatility by Period

	GXPE	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	20.60%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	20.47%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	20.47%	+0.30%

GXPE vs. SHEH - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than SHEH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GXPE vs. SHEH - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 2.17%, more than SHEH's 1.99% yield.

Position	TTM	2025
GXPE Global X PureCap MSCI Energy ETF	2.17%	1.20%
SHEH Shell plc ADRhedged ETF	1.99%	0.00%

Frequently Asked Questions

Can I hold both GXPE and SHEH in my portfolio?

GXPE and SHEH have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPE or SHEH?

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, GXPE or SHEH?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.19% for SHEH.

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

GXPE has the higher dividend yield at 2.17%, compared with 1.99% for SHEH.

What is the main difference between GXPE and SHEH?

GXPE tracks MSCI USA Energy PureCap Index, while SHEH tracks Shell plc - Benchmark Price Return. They also come from different issuers: Global X and ADRhedged. Their fees differ too: 0.15% for GXPE and 0.19% for SHEH.