HL vs. IXC
HL (Hecla Mining Company) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, HL returned 9.28%/yr vs 9.23%/yr for IXC. At a 0.35 correlation, their price movements are largely independent.
Performance
HL vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -24.31% return, which is significantly lower than IXC's 27.41% return. Both investments have delivered pretty close results over the past 10 years, with HL having a 9.28% annualized return and IXC not far behind at 9.23%.
HL
- 1D
- -6.08%
- 1M
- -13.16%
- 6M
- -42.40%
- YTD
- -24.31%
- 1Y
- 141.48%
- 3Y*
- 35.43%
- 5Y*
- 17.32%
- 10Y*
- 9.28%
IXC
- 1D
- 0.46%
- 1M
- 2.57%
- 6M
- 21.42%
- YTD
- 27.41%
- 1Y
- 36.71%
- 3Y*
- 16.54%
- 5Y*
- 21.32%
- 10Y*
- 9.23%
HL vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | -24.31% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
IXC iShares Global Energy ETF | 27.41% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between HL and IXC is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2001 | 0.35 |
The correlation between HL and IXC shifts across timeframes, from -0.02 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HL vs. IXC — Risk / Return Rank
HL
IXC
HL vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) 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.
| HL | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.40 | +0.15 |
| Martin ratioReturn relative to average drawdown | 4.92 | 7.55 | -2.63 |
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Drawdowns
HL vs. IXC - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for HL and IXC.
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Drawdown Indicators
| HL | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -67.88% | -30.04% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -15.36% | -40.45% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -19.06% | -36.75% |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | -24.93% | -30.88% |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | -64.16% | -18.29% |
Current DrawdownCurrent decline from peak | -54.34% | -8.30% | -46.04% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -17.45% | -52.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.86% | 4.88% | +23.98% |
Volatility
HL vs. IXC - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 15.26% compared to iShares Global Energy ETF (IXC) at 6.19%. This indicates that HL'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
| HL | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 6.19% | +9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 52.58% | 15.89% | +36.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.27% | 19.32% | +53.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.47% | 23.44% | +36.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.81% | 26.81% | +36.00% |
Dividends
HL vs. IXC - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.10%, less than IXC's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
IXC iShares Global Energy ETF | 2.98% | 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
HL and IXC have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (15.26%) compared to IXC (6.19%). In terms of maximum drawdown, HL dropped -97.92% vs IXC's -67.88%.
HL currently has the higher Sharpe Ratio (1.94 vs 1.91), 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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