IXC vs. GXPE
IXC (iShares Global Energy ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - IXC tracks the S&P Global 1200 Energy Capped Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. IXC charges 0.40%/yr vs 0.15%/yr for GXPE.
Performance
IXC vs. GXPE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IXC having a 22.29% return and GXPE slightly higher at 22.46%.
IXC
- 1D
- 0.44%
- 1M
- -8.68%
- YTD
- 22.29%
- 6M
- 23.05%
- 1Y
- 31.78%
- 3Y*
- 16.38%
- 5Y*
- 17.77%
- 10Y*
- 9.38%
GXPE
- 1D
- 0.98%
- 1M
- -7.62%
- YTD
- 22.46%
- 6M
- 23.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXC vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXC iShares Global Energy ETF | 22.29% | 7.54% |
GXPE Global X PureCap MSCI Energy ETF | 22.46% | 4.62% |
Correlation
The correlation between IXC and GXPE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.96 |
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Return for Risk
IXC vs. GXPE — Risk / Return Rank
IXC
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXC vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | — | — |
| Martin ratioReturn relative to average drawdown | 8.40 | — | — |
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Drawdowns
IXC vs. GXPE - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for IXC and GXPE.
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Drawdown Indicators
| IXC | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -14.89% | -52.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | — | — |
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 | -11.99% | -13.07% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -3.62% | -13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | — | — |
Volatility
IXC vs. GXPE - Volatility Comparison
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Volatility by Period
| IXC | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 20.69% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 20.69% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 20.69% | +6.14% |
IXC vs. GXPE - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
IXC vs. GXPE - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.11%, more than GXPE's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.98% | 1.20% | 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 | 3.11% | 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 0.96, IXC and GXPE 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.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.40% for IXC.
IXC has the higher dividend yield at 3.11%, compared with 0.98% for GXPE.
IXC tracks S&P Global 1200 Energy Capped Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for IXC and 0.15% for GXPE.
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