IOGP.L vs. IXC
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and IXC (iShares Global Energy ETF) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while IXC is a Energy Equities fund tracking the S&P Global Energy Sector Index. Both are passively managed. Over the past 10 years, IOGP.L returned 7.46%/yr vs 10.29%/yr for IXC. A 0.62 correlation means they provide meaningful diversification when combined. IOGP.L charges 0.55%/yr vs 0.46%/yr for IXC.
Performance
IOGP.L vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, IOGP.L achieves a 28.57% return, which is significantly lower than IXC's 32.22% return. Over the past 10 years, IOGP.L has underperformed IXC with an annualized return of 7.46%, while IXC has yielded a comparatively higher 10.29% annualized return.
IOGP.L
- 1D
- 2.02%
- 1M
- -2.81%
- YTD
- 28.57%
- 6M
- 24.95%
- 1Y
- 36.79%
- 3Y*
- 14.41%
- 5Y*
- 16.29%
- 10Y*
- 7.46%
IXC
- 1D
- 0.87%
- 1M
- -1.75%
- YTD
- 32.22%
- 6M
- 30.00%
- 1Y
- 48.10%
- 3Y*
- 18.84%
- 5Y*
- 19.64%
- 10Y*
- 10.29%
IOGP.L vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 28.57% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
IXC iShares Global Energy ETF | 32.22% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between IOGP.L and IXC is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2011 | 0.62 |
The correlation between IOGP.L and IXC has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
IOGP.L vs. IXC — Risk / Return Rank
IOGP.L
IXC
IOGP.L vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) 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.
| IOGP.L | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.42 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 5.00 | -2.63 |
| Martin ratioReturn relative to average drawdown | 6.32 | 15.10 | -8.78 |
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
| IOGP.L | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.58 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.84 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.38 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.32 | -0.25 |
Drawdowns
IOGP.L vs. IXC - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for IOGP.L and IXC.
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Drawdown Indicators
| IOGP.L | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.56% | -67.88% | -15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -9.66% | -5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -19.06% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -24.93% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -74.37% | -64.16% | -10.21% |
Current DrawdownCurrent decline from peak | -8.38% | -4.84% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -17.48% | -17.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 3.20% | +2.61% |
Volatility
IOGP.L vs. IXC - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a higher volatility of 8.37% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that IOGP.L'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
| IOGP.L | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 7.50% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.52% | 15.42% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 18.75% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.34% | 23.50% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 26.85% | +5.96% |
IOGP.L vs. IXC - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than IXC's 0.46% expense ratio.
Dividends
IOGP.L vs. IXC - Dividend Comparison
IOGP.L has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 0.00% | 0.00% | 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 | 2.79% | 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
IOGP.L and IXC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXC is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXC is cheaper with a 0.46% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L is categorized as Oil & Gas, while IXC is Energy Equities. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while IXC tracks S&P Global Energy Sector Index. Their fees differ too: 0.55% for IOGP.L and 0.46% for IXC.
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