IXC vs. DDM
Compare and contrast key facts about iShares Global Energy ETF (IXC) and ProShares Ultra Dow30 (DDM).
IXC and DDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXC is a passively managed fund by iShares that tracks the performance of the S&P Global Energy Sector Index. It was launched on Nov 16, 2001. DDM is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average Index (200%). It was launched on Jun 21, 2006. Both IXC and DDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXC or DDM.
Key characteristics
| IXC | DDM | |
|---|---|---|
| YTD Return | 9.39% | 30.63% |
| 1Y Return | 12.57% | 60.96% |
| 3Y Return (Ann) | 17.27% | 9.48% |
| 5Y Return (Ann) | 10.96% | 15.10% |
| 10Y Return (Ann) | 4.19% | 17.75% |
| Sharpe Ratio | 0.79 | 2.67 |
| Sortino Ratio | 1.15 | 3.45 |
| Omega Ratio | 1.14 | 1.46 |
| Calmar Ratio | 1.15 | 2.84 |
| Martin Ratio | 2.72 | 14.51 |
| Ulcer Index | 4.69% | 4.06% |
| Daily Std Dev | 16.19% | 22.09% |
| Max Drawdown | -67.88% | -81.70% |
| Current Drawdown | -4.42% | 0.00% |
Correlation
The correlation between IXC and DDM is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IXC vs. DDM - Performance Comparison
In the year-to-date period, IXC achieves a 9.39% return, which is significantly lower than DDM's 30.63% return. Over the past 10 years, IXC has underperformed DDM with an annualized return of 4.19%, while DDM has yielded a comparatively higher 17.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IXC vs. DDM - Expense Ratio Comparison
IXC has a 0.46% expense ratio, which is lower than DDM's 0.95% expense ratio.
Risk-Adjusted Performance
IXC vs. DDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and ProShares Ultra Dow30 (DDM). 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.
Dividends
IXC vs. DDM - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.66%, more than DDM's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.66% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% | 3.02% | 2.48% |
DDM ProShares Ultra Dow30 | 0.97% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.69% | 1.23% | 0.78% | 0.39% |
Drawdowns
IXC vs. DDM - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum DDM drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for IXC and DDM. For additional features, visit the drawdowns tool.
Volatility
IXC vs. DDM - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 4.74%, while ProShares Ultra Dow30 (DDM) has a volatility of 9.00%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than DDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.