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IXC vs. PXE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
3.43%
-2.68%
IXC
PXE

Returns By Period

In the year-to-date period, IXC achieves a 12.27% return, which is significantly higher than PXE's 6.78% return. Over the past 10 years, IXC has outperformed PXE with an annualized return of 4.38%, while PXE has yielded a comparatively lower 3.16% annualized return.


IXC

YTD

12.27%

1M

3.77%

6M

3.43%

1Y

12.78%

5Y (annualized)

11.87%

10Y (annualized)

4.38%

PXE

YTD

6.78%

1M

7.35%

6M

-2.68%

1Y

6.49%

5Y (annualized)

20.41%

10Y (annualized)

3.16%

Key characteristics


IXCPXE
Sharpe Ratio0.760.30
Sortino Ratio1.110.55
Omega Ratio1.141.07
Calmar Ratio1.100.29
Martin Ratio2.580.60
Ulcer Index4.74%11.28%
Daily Std Dev16.02%22.56%
Max Drawdown-67.88%-83.99%
Current Drawdown-1.91%-12.08%

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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
Expense ratio chart for PXE: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%
Expense ratio chart for IXC: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%

Correlation

-0.50.00.51.00.9

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.

Risk-Adjusted Performance

IXC vs. PXE - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for IXC, currently valued at 0.76, compared to the broader market0.002.004.000.760.30
The chart of Sortino ratio for IXC, currently valued at 1.11, compared to the broader market-2.000.002.004.006.008.0010.001.110.55
The chart of Omega ratio for IXC, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.07
The chart of Calmar ratio for IXC, currently valued at 1.10, compared to the broader market0.005.0010.0015.001.100.29
The chart of Martin ratio for IXC, currently valued at 2.58, compared to the broader market0.0020.0040.0060.0080.00100.002.580.60
IXC
PXE

The current IXC Sharpe Ratio is 0.76, which is higher than the PXE Sharpe Ratio of 0.30. 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.

Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
0.76
0.30
IXC
PXE

Dividends

IXC vs. PXE - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 3.57%, more than PXE's 2.49% yield.


TTM20232022202120202019201820172016201520142013
IXC
iShares Global Energy ETF
3.57%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%3.02%2.48%
PXE
Invesco Dynamic Energy Exploration & Production ETF
2.49%2.79%3.04%1.86%4.10%1.70%1.28%1.55%6.62%2.58%2.05%1.73%

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. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.91%
-12.08%
IXC
PXE

Volatility

IXC vs. PXE - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 3.92%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 7.76%. 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
3.92%
7.76%
IXC
PXE