IXC vs. PXE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Energy ETF (IXC) and Invesco Dynamic Energy Exploration & Production ETF (PXE).

IXC and PXE 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. PXE is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Exploration & Production Intellidex Index. It was launched on Oct 26, 2005. Both IXC and PXE 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. PXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and Invesco Dynamic Energy Exploration & Production ETF (PXE). The values are adjusted to include any dividend payments, if applicable.

IXC vs. PXE - 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%
PXE Invesco Dynamic Energy Exploration & Production ETF	40.63%	-2.82%	-1.86%	7.69%	58.32%	94.04%	-36.76%	-1.69%	-23.35%	1.02%

Returns By Period

In the year-to-date period, IXC achieves a 37.40% return, which is significantly lower than PXE's 40.63% return. Over the past 10 years, IXC has outperformed PXE with an annualized return of 11.57%, while PXE has yielded a comparatively lower 10.40% annualized 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%

PXE

• 1D: -1.53%
• 1M: 17.66%
• YTD: 40.63%
• 6M: 34.61%
• 1Y: 37.24%
• 3Y*: 16.16%
• 5Y*: 23.72%
• 10Y*: 10.40%

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

IXC vs. PXE - Expense Ratio Comparison

IXC has a 0.46% expense ratio, which is lower than PXE's 0.63% expense ratio.

PXE

Invesco Dynamic Energy Exploration & Production ETF

IXC

iShares Global Energy ETF

Return for Risk

IXC vs. PXE — 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

PXE

PXE Risk / Return Rank: 62
PXE Sharpe Ratio Rank: 66
PXE Sortino Ratio Rank: 62
PXE Omega Ratio Rank: 62
PXE Calmar Ratio Rank: 66
PXE Martin Ratio Rank: 55

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. PXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Invesco Dynamic Energy Exploration & Production ETF (PXE). 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	PXE	Difference
Sharpe ratio Return per unit of total volatility	1.90	1.12	+0.78
Sortino ratio Return per unit of downside risk	2.35	1.55	+0.80
Omega ratio Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio Return relative to maximum drawdown	2.39	1.62	+0.77
Martin ratio Return relative to average drawdown	7.98	5.21	+2.77
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. PXE - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 1.90, which is higher than the PXE Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of IXC and PXE, 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	PXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.12	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.71	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.28	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.18	+0.14

Correlation

The correlation between IXC and PXE is 0.89, 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.

Dividends

IXC vs. PXE - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.68%, more than PXE's 1.89% yield.

	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%
PXE Invesco Dynamic Energy Exploration & Production ETF	1.89%	2.98%	2.54%	2.78%	3.03%	1.86%	4.10%	1.70%	1.29%	1.54%	6.62%	2.58%

Drawdowns

IXC vs. PXE - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for IXC and PXE.

Drawdown Indicators

	IXC	PXE	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-83.99%	+16.11%
Max Drawdown (1Y) Largest decline over 1 year	-18.03%	-23.67%	+5.64%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-37.65%	+12.72%
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	-80.17%	+16.01%
Current Drawdown Current decline from peak	-1.12%	-2.73%	+1.61%
Average Drawdown Average peak-to-trough decline	-17.57%	-28.16%	+10.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	7.38%	-1.97%

Volatility

IXC vs. PXE - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 4.41%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 6.46%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than PXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXC	PXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	6.46%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	19.00%	-6.22%
Volatility (1Y) Calculated over the trailing 1-year period	22.29%	33.42%	-11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	33.83%	-10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	36.98%	-10.20%