IXC vs. DVXE

Last updated Jul 14, 2026

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. Their correlation of 0.95 suggests significant overlap in exposure. IXC charges 0.40%/yr vs 0.89%/yr for DVXE.

Performance

IXC vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXC achieves a 27.00% return, which is significantly lower than DVXE's 41.45% return.

IXC

• 1D: 2.96%
• 1M: -1.68%
• 6M: 24.48%
• YTD: 27.00%
• 1Y: 32.84%
• 3Y*: 16.31%
• 5Y*: 20.33%
• 10Y*: 9.19%

DVXE

• 1D: 3.61%
• 1M: -0.03%
• 6M: 34.11%
• YTD: 41.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IXC vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
IXC iShares Global Energy ETF	27.00%	7.54%
DVXE WEBs Energy XLE Defined Volatility ETF	41.45%	4.49%

Correlation

The correlation between IXC and DVXE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.95

Return for Risk

IXC vs. DVXE — Risk / Return Rank

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

IXC

IXC Risk / Return Rank: 58
IXC Sharpe Ratio Rank: 65
IXC Sortino Ratio Rank: 61
IXC Omega Ratio Rank: 58
IXC Calmar Ratio Rank: 54
IXC Martin Ratio Rank: 51

DVXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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 ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.27	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.15	—	—
Martin ratio: Return relative to average drawdown	6.86	—	—

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.

Drawdown Indicators

	IXC	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-21.83%	-46.05%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	—	—
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 Drawdown Current decline from peak	-8.60%	-14.13%	+5.53%
Average Drawdown Average peak-to-trough decline	-17.45%	-7.03%	-10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	—	—

Volatility

Volatility by Period

	IXC	DVXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	31.04%	-11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	31.04%	-7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	31.04%	-4.22%

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 2.99%, 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	2.99%	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 DVXE in my portfolio?

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.

Which ETF is better, IXC or DVXE?

On fees, IXC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IXC or DVXE?

IXC is cheaper with a 0.40% expense ratio, compared with 0.89% for DVXE.

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

IXC has the higher dividend yield at 2.99%, compared with 0.00% for DVXE.

What is the main difference between IXC and 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.