IXC vs. IYE
Compare and contrast key facts about iShares Global Energy ETF (IXC) and iShares U.S. Energy ETF (IYE).
IXC and IYE 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. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. Both IXC and IYE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXC or IYE.
Performance
IXC vs. IYE - Performance Comparison
Returns By Period
In the year-to-date period, IXC achieves a 11.25% return, which is significantly lower than IYE's 17.26% return. Over the past 10 years, IXC has outperformed IYE with an annualized return of 4.22%, while IYE has yielded a comparatively lower 3.64% annualized return.
IXC
11.25%
3.02%
1.82%
11.19%
11.68%
4.22%
IYE
17.26%
7.30%
6.06%
17.18%
14.50%
3.64%
Key characteristics
| IXC | IYE | |
|---|---|---|
| Sharpe Ratio | 0.68 | 0.98 |
| Sortino Ratio | 1.00 | 1.40 |
| Omega Ratio | 1.12 | 1.18 |
| Calmar Ratio | 0.97 | 1.24 |
| Martin Ratio | 2.28 | 3.24 |
| Ulcer Index | 4.74% | 5.25% |
| Daily Std Dev | 16.00% | 17.35% |
| Max Drawdown | -67.88% | -73.85% |
| Current Drawdown | -2.80% | 0.00% |
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IXC vs. IYE - Expense Ratio Comparison
IXC has a 0.46% expense ratio, which is higher than IYE's 0.42% expense ratio.
Correlation
The correlation between IXC and IYE is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IXC vs. IYE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and iShares U.S. Energy ETF (IYE). 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.
Dividends
IXC vs. IYE - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.60%, more than IYE's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.60% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% | 3.02% | 2.48% |
IYE iShares U.S. Energy ETF | 2.57% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.15% | 2.66% | 2.11% | 3.39% | 2.05% | 1.54% |
Drawdowns
IXC vs. IYE - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum IYE drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for IXC and IYE. For additional features, visit the drawdowns tool.
Volatility
IXC vs. IYE - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 3.94%, while iShares U.S. Energy ETF (IYE) has a volatility of 4.83%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.