PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IXC vs. EMXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. EMXC

Last updated Jul 21, 2026
Documentation

IXC (iShares Global Energy ETF) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Both are passively managed. Over the past 5 years, IXC returned 21.62%/yr vs 11.14%/yr for EMXC. At a 0.43 correlation, their price movements are largely independent. IXC charges 0.40%/yr vs 0.49%/yr for EMXC.

Performance

IXC vs. EMXC - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IXC achieves a 29.64% return, which is significantly higher than EMXC's 26.88% 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%

EMXC

1D
-0.12%
1M
-13.31%
6M
19.25%
YTD
26.88%
1Y
47.52%
3Y*
22.87%
5Y*
11.14%
10Y*
—
ALL TIME*
9.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXC vs. EMXC - 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%14.14%
EMXC
iShares MSCI Emerging Markets ex China ETF		26.88%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.16%

Correlation

The correlation between IXC and EMXC is -0.04, 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

-0.04

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

0.17

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

0.33

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2017

0.43

The correlation between IXC and EMXC shifts across timeframes, from -0.04 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

IXC vs. EMXC - Sectors Allocation Comparison

Sectors
IXC
EMXC

Energy

99.5%
3.1%

Utilities

0.2%
1.8%

Basic Materials

-

5.5%

Communication Services

-

2.9%

Consumer Cyclical

-

3.8%

Consumer Defensive

-

2.4%

Financial Services

-

18.0%

Healthcare

-

1.8%

Industrials

-

6.5%

Real Estate

-

0.8%

Technology

-

53.4%

Energy

IXC
99.5%
EMXC
3.1%

Utilities

IXC
0.2%
EMXC
1.8%

Basic Materials

IXC

-

EMXC
5.5%

Communication Services

IXC

-

EMXC
2.9%

Consumer Cyclical

IXC

-

EMXC
3.8%

Consumer Defensive

IXC

-

EMXC
2.4%

Financial Services

IXC

-

EMXC
18.0%

Healthcare

IXC

-

EMXC
1.8%

Industrials

IXC

-

EMXC
6.5%

Real Estate

IXC

-

EMXC
0.8%

Technology

IXC

-

EMXC
53.4%

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

iShares MSCI Emerging Markets ex China ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. DDMIXC vs. PXE
Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. VEXCEMXC vs. SPEMEMXC vs. VNM

Return for Risk

IXC vs. EMXC — 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
EMXC
EMXC Risk / Return Rank: 7676
Overall Rank
EMXC Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 6666
Sortino Ratio Rank
EMXC Omega Ratio Rank: 7777
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8383
Calmar Ratio Rank
EMXC Martin Ratio Rank: 7878
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. EMXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.

IXCEMXCDifference
Sharpe ratioReturn per unit of total volatility
2.06
1.80

+0.27

Sortino ratioReturn per unit of downside risk
2.67
2.30

+0.37

Omega ratioGain probability vs. loss probability

1.34

1.34

0.00

Calmar ratioReturn relative to maximum drawdown

2.60

3.31

-0.71

Martin ratioReturn relative to average drawdown

8.11

10.67

-2.56

IXC vs. EMXC - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.06, which is comparable to the EMXC Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IXC and EMXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IXC vs. EMXC - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than EMXC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for IXC and EMXC.

Loading charts...

Drawdown Indicators

IXCEMXCDifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-42.81%

-25.07%

Max Drawdown (1Y)

Largest decline over 1 year

-15.36%

-14.41%

-0.95%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.12%

+0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-28.91%

+3.98%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

—

—

Current Drawdown

Current decline from peak

-6.70%

-13.92%

+7.22%

Average Drawdown

Average peak-to-trough decline

-17.44%

-10.14%

-7.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.91%

4.47%

+0.44%

Volatility

IXC vs. EMXC - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 6.05%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 11.80%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IXCEMXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

11.80%

-5.75%

Volatility (6M)

Calculated over the trailing 6-month period

15.78%

24.94%

-9.16%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

26.64%

-7.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.39%

18.75%

+4.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.82%

20.38%

+6.44%

IXC vs. EMXC - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is lower than EMXC's 0.49% expense ratio.

Dividends

IXC vs. EMXC - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.93%, more than EMXC's 2.10% yield.

PositionTTM20252024202320222021202020192018201720162015
EMXC
iShares MSCI Emerging Markets ex China ETF		2.10%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%0.00%0.00%
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 EMXC have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXC has higher volatility (11.80%) compared to IXC (6.05%). In terms of maximum drawdown, IXC dropped -67.88% vs EMXC's -42.81%.

On 5-year performance, IXC leads with 21.62% vs 11.14% for EMXC. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IXC has performed better with a 21.62% return vs 11.14%. 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 0.49% for EMXC.

IXC has the higher dividend yield at 2.93%, compared with 2.10% for EMXC.

IXC is categorized as Energy Equities, while EMXC is Emerging Markets Equities. IXC tracks S&P Global 1200 Energy Capped Index, while EMXC tracks MSCI Emerging Markets ex China Index. Their fees differ too: 0.40% for IXC and 0.49% for EMXC.

IXC currently has the higher Sharpe Ratio (2.06 vs 1.80), 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.

Portfolio Optimizer

Find the right allocation for IXC and EMXC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer