IXC vs. TPZ
IXC (iShares Global Energy ETF) and TPZ (Tortoise Electrification Infrastructure ETF) are both Energy Equities funds. IXC is passively managed, while TPZ is actively managed. Over the past 10 years, IXC returned 9.23%/yr vs 8.62%/yr for TPZ. A 0.53 correlation means they provide meaningful diversification when combined. IXC charges 0.40%/yr vs 0.85%/yr for TPZ.
Performance
IXC vs. TPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IXC achieves a 27.41% return, which is significantly higher than TPZ's 10.28% return. Over the past 10 years, IXC has outperformed TPZ with an annualized return of 9.23%, while TPZ has yielded a comparatively lower 8.62% annualized return.
IXC
- 1D
- 0.46%
- 1M
- 2.57%
- 6M
- 21.42%
- YTD
- 27.41%
- 1Y
- 36.71%
- 3Y*
- 16.54%
- 5Y*
- 21.32%
- 10Y*
- 9.23%
TPZ
- 1D
- 0.03%
- 1M
- 2.16%
- 6M
- 7.44%
- YTD
- 10.28%
- 1Y
- 13.35%
- 3Y*
- 25.21%
- 5Y*
- 18.00%
- 10Y*
- 8.62%
IXC vs. TPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 27.41% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
TPZ Tortoise Electrification Infrastructure ETF | 10.28% | 5.67% | 53.88% | 20.72% | 2.44% | 29.31% | -27.84% | 15.61% | -16.12% | -0.30% |
Correlation
The correlation between IXC and TPZ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2009 | 0.53 |
The correlation between IXC and TPZ shifts across timeframes, from 0.34 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IXC vs. TPZ — Risk / Return Rank
IXC
TPZ
IXC vs. TPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Tortoise Electrification Infrastructure ETF (TPZ). 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 | TPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.13 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.55 | 4.70 | +2.84 |
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Drawdowns
IXC vs. TPZ - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, smaller than the maximum TPZ drawdown of -78.17%. Use the drawdown chart below to compare losses from any high point for IXC and TPZ.
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Drawdown Indicators
| IXC | TPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -78.17% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -6.29% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -17.78% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -17.78% | -7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | -77.04% | +12.88% |
Current DrawdownCurrent decline from peak | -8.30% | -2.59% | -5.71% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -11.88% | -5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.84% | +2.04% |
Volatility
IXC vs. TPZ - Volatility Comparison
iShares Global Energy ETF (IXC) has a higher volatility of 6.19% compared to Tortoise Electrification Infrastructure ETF (TPZ) at 3.91%. This indicates that IXC's price experiences larger fluctuations and is considered to be riskier than TPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXC | TPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 3.91% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 10.78% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 13.76% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.44% | 17.69% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.81% | 27.70% | -0.89% |
IXC vs. TPZ - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than TPZ's 0.85% expense ratio.
Dividends
IXC vs. TPZ - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 2.98%, less than TPZ's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.98% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
TPZ Tortoise Electrification Infrastructure ETF | 3.69% | 3.99% | 5.88% | 8.99% | 9.52% | 4.77% | 8.80% | 8.84% | 9.41% | 7.28% | 6.88% | 9.68% |
Frequently Asked Questions
IXC and TPZ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.19%) compared to TPZ (3.91%). In terms of maximum drawdown, IXC dropped -67.88% vs TPZ's -78.17%.
On 10-year performance, IXC leads with 9.23% vs 8.62% for TPZ. On fees, IXC is cheaper at 0.40% per year. On volatility, TPZ has been the lower-risk option at 3.91%. 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 9.23% return vs 8.62%. 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 0.85% for TPZ.
TPZ has the higher dividend yield at 3.69%, compared with 2.98% for IXC.
They also come from different issuers: iShares and Tortoise. Their fees differ too: 0.40% for IXC and 0.85% for TPZ.
IXC currently has the higher Sharpe Ratio (1.91 vs 0.97), 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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