IGE vs. GXPE
IGE (iShares North American Natural Resources ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - IGE tracks the S&P North American Natural Resources Sector Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. IGE charges 0.39%/yr vs 0.15%/yr for GXPE.
Performance
IGE vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 22.98% return, which is significantly lower than GXPE's 31.18% return.
IGE
- 1D
- -0.15%
- 1M
- -0.36%
- YTD
- 22.98%
- 6M
- 23.36%
- 1Y
- 43.74%
- 3Y*
- 20.25%
- 5Y*
- 17.22%
- 10Y*
- 9.79%
GXPE
- 1D
- 1.65%
- 1M
- -1.13%
- YTD
- 31.18%
- 6M
- 29.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGE vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGE iShares North American Natural Resources ETF | 22.98% | 11.81% |
GXPE Global X PureCap MSCI Energy ETF | 31.18% | 4.62% |
Correlation
The correlation between IGE and GXPE is 0.75, 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 24, 2025 | 0.75 |
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Return for Risk
IGE vs. GXPE — Risk / Return Rank
IGE
GXPE
IGE vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) and Global X PureCap MSCI Energy ETF (GXPE). 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.
| IGE | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | — | — |
| Martin ratioReturn relative to average drawdown | 19.51 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGE | GXPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 2.18 | -1.88 |
Drawdowns
IGE vs. GXPE - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than GXPE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for IGE and GXPE.
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Drawdown Indicators
| IGE | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -12.37% | -55.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | — | — |
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 | -2.86% | -6.88% | +4.02% |
Average DrawdownAverage peak-to-trough decline | -18.90% | -3.21% | -15.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | — | — |
Volatility
IGE vs. GXPE - Volatility Comparison
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Volatility by Period
| IGE | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 20.42% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 20.42% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 20.42% | +4.52% |
IGE vs. GXPE - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
IGE vs. GXPE - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 1.89%, more than GXPE's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.92% | 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 | 1.89% | 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
IGE and GXPE have a correlation of 0.75, 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 1.89%, compared with 0.92% for GXPE.
IGE tracks S&P North American Natural Resources Sector Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.39% for IGE and 0.15% for GXPE.
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