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 0.74 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 13.49% return, which is significantly lower than GXPE's 20.25% return.
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
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGE vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGE iShares North American Natural Resources ETF | 13.49% | 12.95% |
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
Correlation
The correlation between IGE and GXPE 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
IGE vs. GXPE — Risk / Return Rank
IGE
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| IGE | GXPE | 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
IGE vs. GXPE - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than GXPE's maximum drawdown of -14.89%. 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% | -14.89% | -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 | -10.35% | -14.64% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -3.66% | -15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | — | — |
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 | 5.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 20.74% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 20.74% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.93% | 20.74% | +4.19% |
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 2.10%, more than GXPE's 1.00% 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
IGE and GXPE 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.
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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