IXC vs. PXE
IXC (iShares Global Energy ETF) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both Energy Equities funds - IXC tracks the S&P Global 1200 Energy Capped Index while PXE tracks the Dynamic Energy Exploration & Production Intellidex Index. Both are passively managed. Over the past 10 years, IXC returned 9.38%/yr vs 8.16%/yr for PXE. Their correlation of 0.89 suggests significant overlap in exposure. IXC charges 0.40%/yr vs 0.63%/yr for PXE.
Performance
IXC vs. PXE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with IXC having a 22.29% return and PXE slightly higher at 22.92%. Over the past 10 years, IXC has outperformed PXE with an annualized return of 9.38%, while PXE has yielded a comparatively lower 8.16% annualized return.
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%
PXE
- 1D
- 0.26%
- 1M
- -8.41%
- YTD
- 22.92%
- 6M
- 22.87%
- 1Y
- 20.91%
- 3Y*
- 11.92%
- 5Y*
- 15.82%
- 10Y*
- 8.16%
IXC vs. PXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 22.29% | 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 | 22.92% | -2.82% | -1.86% | 7.69% | 58.32% | 94.04% | -36.76% | -1.69% | -23.35% | 1.02% |
Correlation
The correlation between IXC and PXE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2005 | 0.89 |
The correlation between IXC and PXE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IXC vs. PXE — Risk / Return Rank
IXC
PXE
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.
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 | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.26 | +1.14 |
| Martin ratioReturn relative to average drawdown | 8.40 | 3.36 | +5.04 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| IXC | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -83.99% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | -16.70% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -37.65% | +18.59% |
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 DrawdownCurrent decline from peak | -11.99% | -14.98% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -27.95% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 6.24% | -2.44% |
Volatility
IXC vs. PXE - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 6.54%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 8.95%. 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.
Loading charts...
Volatility by Period
| IXC | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 8.95% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 20.98% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 27.96% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 33.65% | -10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 37.00% | -10.17% |
IXC vs. PXE - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than PXE's 0.63% expense ratio.
Dividends
IXC vs. PXE - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.11%, more than PXE's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.94% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
Frequently Asked Questions
IXC and PXE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXE has higher volatility (8.95%) compared to IXC (6.54%). In terms of maximum drawdown, IXC dropped -67.88% vs PXE's -83.99%.
On 10-year performance, IXC leads with 9.38% vs 8.16% for PXE. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXC has performed better with a 9.38% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXC is cheaper with a 0.40% expense ratio, compared with 0.63% for PXE.
IXC has the higher dividend yield at 3.11%, compared with 1.94% for PXE.
IXC tracks S&P Global 1200 Energy Capped Index, while PXE tracks Dynamic Energy Exploration & Production Intellidex Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IXC and 0.63% for PXE.
IXC currently has the higher Sharpe Ratio (1.68 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IXC and PXE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer