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IXC vs. COLO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. COLO

Last updated Jul 21, 2026
Documentation

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 1200 Energy Capped 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 9.55%/yr vs 6.73%/yr for COLO. A 0.52 correlation means they provide meaningful diversification when combined. IXC charges 0.40%/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.

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Returns By Period

In the year-to-date period, IXC achieves a 29.64% return, which is significantly higher than COLO's 25.39% return. Over the past 10 years, IXC has outperformed COLO with an annualized return of 9.55%, while COLO has yielded a comparatively lower 6.73% annualized return.

IXC

1D
0.24%
1M
7.63%
6M
22.98%
YTD
29.64%
1Y
39.73%
3Y*
15.82%
5Y*
21.62%
10Y*
9.55%
ALL TIME*
8.36%

COLO

1D
0.27%
1M
1.43%
6M
11.05%
YTD
25.39%
1Y
56.44%
3Y*
33.47%
5Y*
18.08%
10Y*
6.73%
ALL TIME*
5.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXC vs. COLO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXC
iShares Global Energy ETF		29.64%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%
COLO
Global X MSCI Colombia ETF		25.39%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 0.03, 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

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Feb 9, 2009

0.52

Over the past year, the correlation between IXC and COLO has dropped to 0.03 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

IXC vs. COLO - Sectors Allocation Comparison

Sectors
IXC
COLO

Energy

99.5%
15.2%

Utilities

0.2%
19.6%

Basic Materials

-

18.4%

Communication Services

-

2.5%

Consumer Cyclical

-

1.7%

Consumer Defensive

-

-

Financial Services

-

40.5%

Healthcare

-

-

Industrials

-

2.0%

Real Estate

-

-

Technology

-

-

Energy

IXC
99.5%
COLO
15.2%

Utilities

IXC
0.2%
COLO
19.6%

Basic Materials

IXC

-

COLO
18.4%

Communication Services

IXC

-

COLO
2.5%

Consumer Cyclical

IXC

-

COLO
1.7%

Consumer Defensive

IXC

-

COLO

-

Financial Services

IXC

-

COLO
40.5%

Healthcare

IXC

-

COLO

-

Industrials

IXC

-

COLO
2.0%

Real Estate

IXC

-

COLO

-

Technology

IXC

-

COLO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Energy ETF

Global X MSCI Colombia ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. DDMIXC vs. PXE
Often compared with COLO:
COLO vs. GVALCOLO vs. EWZCOLO vs. HAPCOLO vs. VOOCOLO vs. ECHCOLO vs. EPUCOLO vs. GRID

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: 7575
Overall Rank
IXC Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7979
Sortino Ratio Rank
IXC Omega Ratio Rank: 7878
Omega Ratio Rank
IXC Calmar Ratio Rank: 7070
Calmar Ratio Rank
IXC Martin Ratio Rank: 6363
Martin Ratio Rank
COLO
COLO Risk / Return Rank: 8484
Overall Rank
COLO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
COLO Sortino Ratio Rank: 9090
Sortino Ratio Rank
COLO Omega Ratio Rank: 8989
Omega Ratio Rank
COLO Calmar Ratio Rank: 8282
Calmar Ratio Rank
COLO Martin Ratio Rank: 6565
Martin Ratio Rank
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.

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.

IXCCOLODifference
Sharpe ratioReturn per unit of total volatility
2.06
2.44

-0.38

Sortino ratioReturn per unit of downside risk
2.67
3.31

-0.64

Omega ratioGain probability vs. loss probability

1.34

1.42

-0.08

Calmar ratioReturn relative to maximum drawdown

2.60

3.19

-0.59

Martin ratioReturn relative to average drawdown

8.11

8.55

-0.44

IXC vs. COLO - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.06, which is comparable to the COLO Sharpe Ratio of 2.44. 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.

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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.

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Drawdown Indicators

IXCCOLODifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-78.91%

+11.03%

Max Drawdown (1Y)

Largest decline over 1 year

-15.36%

-17.79%

+2.43%

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

-6.70%

-14.88%

+8.18%

Average Drawdown

Average peak-to-trough decline

-17.44%

-40.16%

+22.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.91%

6.63%

-1.72%

Volatility

IXC vs. COLO - Volatility Comparison

iShares Global Energy ETF (IXC) has a higher volatility of 6.05% compared to Global X MSCI Colombia ETF (COLO) at 5.16%. This indicates that IXC's price experiences larger fluctuations and is considered to be riskier than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXCCOLODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

5.16%

+0.89%

Volatility (6M)

Calculated over the trailing 6-month period

15.78%

19.75%

-3.97%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

23.29%

-3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.39%

23.27%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.82%

25.38%

+1.44%

IXC vs. COLO - Expense Ratio Comparison

IXC has a 0.40% 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 2.93%, less than COLO's 4.48% yield.

PositionTTM20252024202320222021202020192018201720162015
COLO
Global X MSCI Colombia ETF		4.48%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		2.93%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

IXC and COLO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXC has higher volatility (6.05%) compared to COLO (5.16%). In terms of maximum drawdown, IXC dropped -67.88% vs COLO's -78.91%.

On 10-year performance, IXC leads with 9.55% vs 6.73% for COLO. On fees, IXC is cheaper at 0.40% per year. On volatility, COLO has been the lower-risk option at 5.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IXC has performed better with a 9.55% return vs 6.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXC is cheaper with a 0.40% expense ratio, compared with 0.62% for COLO.

COLO has the higher dividend yield at 4.48%, compared with 2.93% for IXC.

IXC is categorized as Energy Equities, while COLO is Latin America Equities. IXC tracks S&P Global 1200 Energy Capped 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: 0.40% for IXC and 0.62% for COLO.

COLO currently has the higher Sharpe Ratio (2.44 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.

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