IXC vs. IUES.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Energy ETF (IXC) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L).

IXC and IUES.L 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. IUES.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Energy NR USD. It was launched on Nov 20, 2015. Both IXC and IUES.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IXC vs. IUES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). The values are adjusted to include any dividend payments, if applicable.

IXC vs. IUES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXC iShares Global Energy ETF	37.40%	13.98%	1.95%	3.92%	48.51%	40.88%	-31.00%	12.67%	-14.85%	5.54%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	40.16%	9.82%	3.87%	-0.63%	63.84%	51.95%	-33.35%	8.81%	-18.12%	-1.19%

Returns By Period

In the year-to-date period, IXC achieves a 37.40% return, which is significantly lower than IUES.L's 40.16% return. Both investments have delivered pretty close results over the past 10 years, with IXC having a 11.57% annualized return and IUES.L not far behind at 11.18%.

IXC

• 1D: -0.78%
• 1M: 11.19%
• YTD: 37.40%
• 6M: 40.78%
• 1Y: 42.12%
• 3Y*: 19.66%
• 5Y*: 22.95%
• 10Y*: 11.57%

IUES.L

• 1D: -0.56%
• 1M: 14.22%
• YTD: 40.16%
• 6M: 43.70%
• 1Y: 38.22%
• 3Y*: 18.22%
• 5Y*: 24.79%
• 10Y*: 11.18%

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

IXC vs. IUES.L - Expense Ratio Comparison

IXC has a 0.46% expense ratio, which is higher than IUES.L's 0.15% expense ratio.

IXC

iShares Global Energy ETF

IUES.L

iShares S&P 500 Energy Sector UCITS ETF USD (Acc)

Return for Risk

IXC vs. IUES.L — Risk / Return Rank

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

IXC

IXC Risk / Return Rank: 86
IXC Sharpe Ratio Rank: 90
IXC Sortino Ratio Rank: 88
IXC Omega Ratio Rank: 89
IXC Calmar Ratio Rank: 85
IXC Martin Ratio Rank: 79

IUES.L

IUES.L Risk / Return Rank: 77
IUES.L Sharpe Ratio Rank: 86
IUES.L Sortino Ratio Rank: 83
IUES.L Omega Ratio Rank: 80
IUES.L Calmar Ratio Rank: 77
IUES.L Martin Ratio Rank: 58

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. IUES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). 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.

	IXC	IUES.L	Difference
Sharpe ratio Return per unit of total volatility	1.90	1.71	+0.19
Sortino ratio Return per unit of downside risk	2.35	2.17	+0.19
Omega ratio Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio Return relative to maximum drawdown	2.39	2.03	+0.36
Martin ratio Return relative to average drawdown	7.98	5.55	+2.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXC vs. IUES.L - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 1.90, which is comparable to the IUES.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IXC and IUES.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IXC	IUES.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.71	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.93	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.39	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.35	-0.02

Correlation

The correlation between IXC and IUES.L is 0.70, 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.

Dividends

IXC vs. IUES.L - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.68%, while IUES.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXC iShares Global Energy ETF	2.68%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IXC vs. IUES.L - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, roughly equal to the maximum IUES.L drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for IXC and IUES.L.

Drawdown Indicators

	IXC	IUES.L	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-66.78%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.03%	-19.01%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-27.98%	+3.05%
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	-66.78%	+2.62%
Current Drawdown Current decline from peak	-1.12%	-0.56%	-0.56%
Average Drawdown Average peak-to-trough decline	-17.57%	-14.29%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	6.95%	-1.54%

Volatility

IXC vs. IUES.L - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 4.41%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 5.78%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXC	IUES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	5.78%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	13.48%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	22.29%	22.32%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	26.57%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	28.27%	-1.49%