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IXC vs. VWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. VWO

Last updated Jun 12, 2026

IXC (iShares Global Energy ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Both are passively managed. Over the past 10 years, IXC returned 9.93%/yr vs 8.88%/yr for VWO. A 0.61 correlation means they provide meaningful diversification when combined. IXC charges 0.40%/yr vs 0.08%/yr for VWO.

Performance

IXC vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Energy ETF (IXC) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXC achieves a 28.81% return, which is significantly higher than VWO's 9.93% return. Over the past 10 years, IXC has outperformed VWO with an annualized return of 9.93%, while VWO has yielded a comparatively lower 8.88% annualized return.

IXC

1D
-1.12%
1M
-1.50%
YTD
28.81%
6M
27.41%
1Y
39.54%
3Y*
17.54%
5Y*
19.08%
10Y*
9.93%

VWO

1D
2.39%
1M
-0.49%
YTD
9.93%
6M
10.69%
1Y
23.70%
3Y*
16.63%
5Y*
4.87%
10Y*
8.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXC vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXC
iShares Global Energy ETF		28.81%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%
VWO
Vanguard FTSE Emerging Markets ETF		9.93%25.60%10.59%9.25%-17.98%1.26%15.17%20.75%-14.76%31.49%

Correlation

The correlation between IXC and VWO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Mar 10, 2005

0.61

The correlation between IXC and VWO shifts across timeframes, from -0.04 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

IXC vs. VWO - Sectors Allocation Comparison

Sectors
IXC
VWO

Energy

100.0%
4.6%

Basic Materials

-

8.0%

Communication Services

-

7.1%

Consumer Cyclical

-

10.7%

Consumer Defensive

-

3.7%

Financial Services

-

19.5%

Healthcare

-

3.9%

Industrials

-

8.0%

Real Estate

-

2.2%

Technology

-

29.6%

Utilities

-

2.9%

Energy

IXC
100.0%
VWO
4.6%

Basic Materials

IXC

-

VWO
8.0%

Communication Services

IXC

-

VWO
7.1%

Consumer Cyclical

IXC

-

VWO
10.7%

Consumer Defensive

IXC

-

VWO
3.7%

Financial Services

IXC

-

VWO
19.5%

Healthcare

IXC

-

VWO
3.9%

Industrials

IXC

-

VWO
8.0%

Real Estate

IXC

-

VWO
2.2%

Technology

IXC

-

VWO
29.6%

Utilities

IXC

-

VWO
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Energy ETF

Vanguard FTSE Emerging Markets ETF

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. DDMIXC vs. XDW0.DE
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

IXC vs. VWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXC
IXC Risk / Return Rank: 7777
Overall Rank
IXC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7474
Sortino Ratio Rank
IXC Omega Ratio Rank: 7171
Omega Ratio Rank
IXC Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXC Martin Ratio Rank: 7676
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 5252
Overall Rank
VWO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 4949
Sortino Ratio Rank
VWO Omega Ratio Rank: 5252
Omega Ratio Rank
VWO Calmar Ratio Rank: 5252
Calmar Ratio Rank
VWO Martin Ratio Rank: 5353
Martin Ratio Rank
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. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) and Vanguard FTSE Emerging Markets ETF (VWO). 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.

IXCVWODifference
Sharpe ratioReturn per unit of total volatility
2.11
1.44

+0.67

Sortino ratioReturn per unit of downside risk
2.73
2.03

+0.70

Omega ratioGain probability vs. loss probability

1.35

1.27

+0.08

Calmar ratioReturn relative to maximum drawdown

4.11

2.13

+1.98

Martin ratioReturn relative to average drawdown

11.84

7.51

+4.33

IXC vs. VWO - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.11, which is higher than the VWO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of IXC and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IXC vs. VWO - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, roughly equal to the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for IXC and VWO.

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Drawdown Indicators

IXCVWODifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-67.68%

-0.20%

Max Drawdown (1Y)

Largest decline over 1 year

-9.66%

-11.17%

+1.51%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-17.37%

-1.69%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-32.60%

+7.67%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

-36.39%

-27.77%

Current Drawdown

Current decline from peak

-7.29%

-3.42%

-3.87%

Average Drawdown

Average peak-to-trough decline

-17.47%

-15.81%

-1.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

3.16%

+0.19%

Volatility

IXC vs. VWO - Volatility Comparison

iShares Global Energy ETF (IXC) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 6.43% and 6.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXCVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.43%

6.66%

-0.23%

Volatility (6M)

Calculated over the trailing 6-month period

15.64%

14.04%

+1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

18.83%

16.53%

+2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.54%

17.48%

+6.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.84%

19.23%

+7.61%

IXC vs. VWO - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is higher than VWO's 0.08% expense ratio.

Dividends

IXC vs. VWO - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.86%, more than VWO's 2.45% yield.

PositionTTM20252024202320222021202020192018201720162015
IXC
iShares Global Energy ETF		2.86%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%
VWO
Vanguard FTSE Emerging Markets ETF		2.45%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

IXC and VWO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWO has higher volatility (6.66%) compared to IXC (6.43%). In terms of maximum drawdown, IXC dropped -67.88% vs VWO's -67.68%.

On 10-year performance, IXC leads with 9.93% vs 8.88% for VWO. On fees, VWO is cheaper at 0.08% per year. On volatility, IXC has been the lower-risk option at 6.43%. 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 9.93% return vs 8.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VWO is cheaper with a 0.08% expense ratio, compared with 0.40% for IXC.

IXC has the higher dividend yield at 2.86%, compared with 2.45% for VWO.

IXC is categorized as Energy Equities, while VWO is Emerging Markets Equities. IXC tracks S&P Global 1200 Energy Capped Index, while VWO tracks FTSE Emerging Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for IXC and 0.08% for VWO.

IXC currently has the higher Sharpe Ratio (2.11 vs 1.44), 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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