IXC vs. COLO

Last updated Jun 9, 2026

IXC (iShares Global Energy ETF) and COLO (Global X MSCI Colombia ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global Energy Sector Index, while COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index. Both are passively managed. Over the past 10 years, IXC returned 10.03%/yr vs 5.85%/yr for COLO. A 0.53 correlation means they provide meaningful diversification when combined. IXC charges 0.46%/yr vs 0.62%/yr for COLO.

Performance

IXC vs. COLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXC achieves a 30.67% return, which is significantly higher than COLO's 13.08% return. Over the past 10 years, IXC has outperformed COLO with an annualized return of 10.03%, while COLO has yielded a comparatively lower 5.85% annualized return.

IXC

• 1D: 1.00%
• 1M: 3.26%
• YTD: 30.67%
• 6M: 30.15%
• 1Y: 46.37%
• 3Y*: 17.70%
• 5Y*: 19.39%
• 10Y*: 10.03%

COLO

• 1D: 1.13%
• 1M: 8.01%
• YTD: 13.08%
• 6M: 13.71%
• 1Y: 45.86%
• 3Y*: 31.80%
• 5Y*: 14.02%
• 10Y*: 5.85%

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

IXC vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXC iShares Global Energy ETF	30.67%	13.98%	1.95%	3.92%	48.51%	40.88%	-31.00%	12.67%	-14.85%	5.54%
COLO Global X MSCI Colombia ETF	13.08%	68.88%	4.68%	24.92%	-21.32%	-11.50%	-14.60%	30.42%	-19.88%	11.88%

Correlation

The correlation between IXC and COLO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 10, 2009	0.53

Over the past year, the correlation between IXC and COLO has dropped to 0.08 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

IXC vs. COLO - Sectors Allocation Comparison

Sectors	IXC	COLO
Energy	100.0%	17.3%
Basic Materials	-	18.4%
Communication Services	-	3.4%
Consumer Cyclical	-	1.5%
Consumer Defensive	-	-
Financial Services	-	39.3%
Healthcare	-	-
Industrials	-	2.4%
Real Estate	-	-
Technology	-	-
Utilities	-	17.7%

Return for Risk

IXC vs. COLO — Risk / Return Rank

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

IXC

IXC Risk / Return Rank: 82
IXC Sharpe Ratio Rank: 85
IXC Sortino Ratio Rank: 79
IXC Omega Ratio Rank: 76
IXC Calmar Ratio Rank: 89
IXC Martin Ratio Rank: 80

COLO

COLO Risk / Return Rank: 63
COLO Sharpe Ratio Rank: 70
COLO Sortino Ratio Rank: 70
COLO Omega Ratio Rank: 68
COLO Calmar Ratio Rank: 58
COLO Martin Ratio Rank: 47

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.

IXC vs. COLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Global X MSCI Colombia ETF (COLO). 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.

	IXC	COLO	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.06	+0.43
Sortino ratio: Return per unit of downside risk	3.14	2.84	+0.30
Omega ratio: Gain probability vs. loss probability	1.41	1.36	+0.04
Calmar ratio: Return relative to maximum drawdown	4.82	2.59	+2.23
Martin ratio: Return relative to average drawdown	14.26	7.04	+7.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXC vs. COLO - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.48, which is comparable to the COLO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IXC and COLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IXC	COLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.06	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.61	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.23	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.22	+0.10

Drawdowns

IXC vs. COLO - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum COLO drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for IXC and COLO.

Drawdown Indicators

	IXC	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-78.91%	+11.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-17.79%	+8.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-18.35%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-43.86%	+18.93%
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	-62.75%	-1.41%
Current Drawdown Current decline from peak	-5.96%	-23.24%	+17.28%
Average Drawdown Average peak-to-trough decline	-17.47%	-40.31%	+22.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	6.54%	-3.28%

Volatility

IXC vs. COLO - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 6.55%, while Global X MSCI Colombia ETF (COLO) has a volatility of 11.02%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXC	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	11.02%	-4.47%
Volatility (6M) Calculated over the trailing 6-month period	15.51%	19.61%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.79%	22.43%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	23.23%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	25.43%	+1.42%

IXC vs. COLO - Expense Ratio Comparison

IXC has a 0.46% expense ratio, which is lower than COLO's 0.62% expense ratio.

Dividends

IXC vs. COLO - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.82%, less than COLO's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.64%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
IXC iShares Global Energy ETF	2.82%	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

Can I hold both IXC and COLO in my portfolio?

IXC and COLO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXC or COLO?

COLO has higher volatility (11.02%) compared to IXC (6.55%). In terms of maximum drawdown, IXC dropped -67.88% vs COLO's -78.91%.

Which ETF is better, IXC or COLO?

On 10-year performance, IXC leads with 10.03% vs 5.85% for COLO. On fees, IXC is cheaper at 0.46% per year. On volatility, IXC has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXC or COLO?

Over the 10-year period, IXC has performed better with a 10.03% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXC or COLO?

IXC is cheaper with a 0.46% expense ratio, compared with 0.62% for COLO.

Which ETF pays a higher dividend yield, IXC or COLO?

COLO has the higher dividend yield at 6.64%, compared with 2.82% for IXC.

What is the main difference between IXC and COLO?

IXC is categorized as Energy Equities, while COLO is Latin America Equities. IXC tracks S&P Global Energy Sector Index, while COLO tracks MSCI All Colombia Select 25/50 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.46% for IXC and 0.62% for COLO.

Which has better risk-adjusted returns?

IXC currently has the higher Sharpe Ratio (2.48 vs 2.06), 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.