IXC vs. TDW
IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while TDW (Tidewater Inc.) is a stock. Over the past 10 years, IXC returned 8.83%/yr vs -7.74%/yr for TDW. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
IXC vs. TDW - Performance Comparison
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Returns By Period
In the year-to-date period, IXC achieves a 23.35% return, which is significantly lower than TDW's 45.26% return. Over the past 10 years, IXC has outperformed TDW with an annualized return of 8.83%, while TDW has yielded a comparatively lower -7.74% annualized return.
IXC
- 1D
- 0.51%
- 1M
- -4.24%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
TDW
- 1D
- 3.84%
- 1M
- -1.15%
- 6M
- 29.86%
- YTD
- 45.26%
- 1Y
- 39.46%
- 3Y*
- 7.38%
- 5Y*
- 43.45%
- 10Y*
- -7.74%
IXC vs. TDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
TDW Tidewater Inc. | 45.26% | -7.68% | -24.13% | 95.69% | 244.07% | 23.96% | -55.14% | 0.78% | -21.60% | -77.81% |
Correlation
The correlation between IXC and TDW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2001 | 0.63 |
The correlation between IXC and TDW has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.
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Return for Risk
IXC vs. TDW — Risk / Return Rank
IXC
TDW
IXC vs. TDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Tidewater Inc. (TDW). 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 | TDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.32 | +0.63 |
| Martin ratioReturn relative to average drawdown | 6.26 | 2.87 | +3.39 |
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Drawdowns
IXC vs. TDW - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum TDW drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for IXC and TDW.
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Drawdown Indicators
| IXC | TDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -99.80% | +31.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -29.10% | +13.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -70.35% | +51.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -70.35% | +45.42% |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | -97.40% | +33.24% |
Current DrawdownCurrent decline from peak | -11.22% | -96.45% | +85.23% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -49.08% | +31.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 13.43% | -8.65% |
Volatility
IXC vs. TDW - Volatility Comparison
The current volatility for iShares Global Energy ETF (IXC) is 6.59%, while Tidewater Inc. (TDW) has a volatility of 13.87%. This indicates that IXC experiences smaller price fluctuations and is considered to be less risky than TDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXC | TDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 13.87% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 31.93% | -16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 54.82% | -35.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 53.38% | -29.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.81% | 66.30% | -39.49% |
Dividends
IXC vs. TDW - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.08%, while TDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
TDW Tidewater Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.04% | 0.00% | 14.37% |
Frequently Asked Questions
IXC and TDW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDW has higher volatility (13.87%) compared to IXC (6.59%). In terms of maximum drawdown, IXC dropped -67.88% vs TDW's -99.80%.
IXC currently has the higher Sharpe Ratio (1.56 vs 0.70), 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.
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