IXC vs. DVXE
IXC (iShares Global Energy ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - IXC tracks the S&P Global 1200 Energy Capped Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Over the past year, IXC returned 45.16% vs 61.29% for DVXE. Their correlation of 0.95 means they have usually moved in the same direction. IXC charges 0.40%/yr vs 0.89%/yr for DVXE.
Performance
IXC vs. DVXE - Performance Comparison
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Returns By Period
In the year-to-date period, IXC achieves a 34.71% return, which is significantly lower than DVXE's 50.61% return.
IXC
- 1D
- 0.63%
- 1M
- 13.16%
- 6M
- 19.17%
- YTD
- 34.71%
- 1Y
- 45.16%
- 3Y*
- 16.60%
- 5Y*
- 22.34%
- 10Y*
- 10.52%
- ALL TIME*
- 8.52%
DVXE
- 1D
- 1.38%
- 1M
- 15.67%
- 6M
- 26.93%
- YTD
- 50.61%
- 1Y
- 61.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.59K | $12.40K | $16.43K | |
| $40.96M | $62.51M | $57.88M |
IXC vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXC iShares Global Energy ETF | 34.71% | 7.54% |
DVXE WEBs Energy XLE Defined Volatility ETF | 50.61% | 4.49% |
Correlation
The correlation between IXC and DVXE is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.95 |
The correlation between IXC and DVXE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
IXC vs. DVXE — Risk / Return Rank
IXC
DVXE
IXC vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.
| IXC | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.59 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.78 | 6.05 | +2.72 |
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Drawdowns
IXC vs. DVXE - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, which is greater than DVXE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for IXC and DVXE.
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Drawdown Indicators
| IXC | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -21.83% | -46.05% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -21.83% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | — | — |
Current DrawdownCurrent decline from peak | -3.05% | -8.57% | +5.52% |
Average DrawdownAverage peak-to-trough decline | -17.42% | -7.25% | -10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 9.37% | -4.42% |
Volatility
IXC vs. DVXE - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 6.07%, while WEBs Energy XLE Defined Volatility ETF (DVXE) has a volatility of 8.29%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than DVXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXC | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 8.29% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 22.36% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 30.92% | -11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 30.78% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 30.78% | -3.96% |
IXC vs. DVXE - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
IXC vs. DVXE - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 2.82%, while DVXE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility ETF | 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 | 2.82% | 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
With a correlation of 0.95, IXC and DVXE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DVXE has higher volatility (8.29%) compared to IXC (6.07%). In terms of maximum drawdown, IXC dropped -67.88% vs DVXE's -21.83%.
On 1-year performance, DVXE leads with 61.29% vs 45.16% for IXC. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DVXE has performed better with a 61.29% return vs 45.16%. 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 0.89% for DVXE.
IXC has the higher dividend yield at 2.82%, compared with 0.00% for DVXE.
IXC tracks S&P Global 1200 Energy Capped Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: iShares and WEBs. Their fees differ too: 0.40% for IXC and 0.89% for DVXE.
IXC currently has the higher Sharpe Ratio (2.22 vs 1.83), 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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