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IXC vs. PMLP.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IXC vs. PMLP.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Energy ETF (IXC) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L).

IXC and PMLP.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. PMLP.L is a passively managed fund by HANetf that tracks the performance of the MSCI World/Energy NR USD. It was launched on Jul 27, 2020. Both IXC and PMLP.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. PMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

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IXC vs. PMLP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IXC
iShares Global Energy ETF		37.40%13.98%1.95%3.92%48.51%40.88%10.91%
PMLP.L
HANetf Alerian Midstream Energy Dividend UCITS ETF		25.45%6.05%33.55%13.28%20.86%33.66%13.25%
Different Trading Currencies

IXC is traded in USD, while PMLP.L is traded in GBp. To make them comparable, the PMLP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IXC achieves a 37.40% return, which is significantly higher than PMLP.L's 25.45% return.

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%

PMLP.L

1D
-1.02%
1M
5.68%
YTD
25.45%
6M
23.79%
1Y
24.46%
3Y*
26.24%
5Y*
21.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

HANetf Alerian Midstream Energy Dividend UCITS ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. XDW0.DEIXC vs. PXE
Often compared with PMLP.L:
PMLP.L vs. AMLPPMLP.L vs. ANRJ.LPMLP.L vs. XLUP.LPMLP.L vs. PAVEPMLP.L vs. MLPAPMLP.L vs. VYMPMLP.L vs. FUQA.L

IXC vs. PMLP.L - Expense Ratio Comparison

IXC has a 0.46% expense ratio, which is higher than PMLP.L's 0.40% expense ratio.

IXC
iShares Global Energy ETF
PMLP.L
HANetf Alerian Midstream Energy Dividend UCITS ETF

Return for Risk

IXC vs. PMLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXC
IXC Risk / Return Rank: 8686
Overall Rank
IXC Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 8888
Sortino Ratio Rank
IXC Omega Ratio Rank: 8989
Omega Ratio Rank
IXC Calmar Ratio Rank: 8585
Calmar Ratio Rank
IXC Martin Ratio Rank: 7979
Martin Ratio Rank
PMLP.L
PMLP.L Risk / Return Rank: 5353
Overall Rank
PMLP.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
PMLP.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
PMLP.L Omega Ratio Rank: 5454
Omega Ratio Rank
PMLP.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
PMLP.L Martin Ratio Rank: 3232
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. PMLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.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.

IXCPMLP.LDifference

Sharpe ratio

Return per unit of total volatility

1.90

1.18

+0.72

Sortino ratio

Return per unit of downside risk

2.35

1.61

+0.75

Omega ratio

Gain probability vs. loss probability

1.36

1.23

+0.13

Calmar ratio

Return relative to maximum drawdown

2.39

1.48

+0.91

Martin ratio

Return relative to average drawdown

7.98

4.49

+3.49

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. PMLP.L - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 1.90, which is higher than the PMLP.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IXC and PMLP.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.

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Sharpe Ratios by Period

IXCPMLP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.90

1.18

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

1.08

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

1.29

-0.96

Correlation

The correlation between IXC and PMLP.L is 0.53, 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. PMLP.L - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.68%, less than PMLP.L's 2.72% yield.

TTM20252024202320222021202020192018201720162015
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%
PMLP.L
HANetf Alerian Midstream Energy Dividend UCITS ETF		2.72%3.31%3.37%6.48%6.12%6.57%4.17%0.00%0.00%0.00%0.00%0.00%

Drawdowns

IXC vs. PMLP.L - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than PMLP.L's maximum drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for IXC and PMLP.L.

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Drawdown Indicators

IXCPMLP.LDifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-20.50%

-47.38%

Max Drawdown (1Y)

Largest decline over 1 year

-18.03%

-14.95%

-3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-20.50%

-4.43%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

—

—

Current Drawdown

Current decline from peak

-1.12%

-1.36%

+0.24%

Average Drawdown

Average peak-to-trough decline

-17.57%

-5.91%

-11.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.41%

7.56%

-2.15%

Volatility

IXC vs. PMLP.L - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 4.41%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) has a volatility of 5.71%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXCPMLP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

5.71%

-1.30%

Volatility (6M)

Calculated over the trailing 6-month period

12.78%

11.65%

+1.13%

Volatility (1Y)

Calculated over the trailing 1-year period

22.29%

20.72%

+1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.46%

20.58%

+2.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.78%

22.20%

+4.58%