IXN vs. WES
IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index, while WES (Western Midstream Partners, LP) is a stock. Over the past 10 years, IXN returned 25.03%/yr vs 10.52%/yr for WES. At a 0.23 correlation, their price movements are largely independent.
Performance
IXN vs. WES - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 33.08% return, which is significantly higher than WES's 17.89% return. Over the past 10 years, IXN has outperformed WES with an annualized return of 25.03%, while WES has yielded a comparatively lower 10.52% annualized return.
IXN
- 1D
- 0.42%
- 1M
- 3.37%
- YTD
- 33.08%
- 6M
- 35.17%
- 1Y
- 62.93%
- 3Y*
- 32.38%
- 5Y*
- 21.51%
- 10Y*
- 25.03%
WES
- 1D
- 1.43%
- 1M
- -3.17%
- YTD
- 17.89%
- 6M
- 18.16%
- 1Y
- 25.64%
- 3Y*
- 30.48%
- 5Y*
- 24.68%
- 10Y*
- 10.52%
IXN vs. WES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 33.08% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
WES Western Midstream Partners, LP | 17.89% | 12.77% | 43.58% | 19.46% | 29.29% | 72.31% | -19.13% | -22.65% | -20.23% | -8.01% |
Correlation
The correlation between IXN and WES is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012 | 0.23 |
The correlation between IXN and WES shifts across timeframes, from -0.07 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. WES — Risk / Return Rank
IXN
WES
IXN vs. WES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Western Midstream Partners, LP (WES). 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.
| IXN | WES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 2.77 | +1.62 |
| Martin ratioReturn relative to average drawdown | 14.35 | 6.16 | +8.19 |
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Drawdowns
IXN vs. WES - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum WES drawdown of -93.66%. Use the drawdown chart below to compare losses from any high point for IXN and WES.
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Drawdown Indicators
| IXN | WES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -93.66% | +37.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -9.42% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -16.65% | -8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -23.54% | -12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -91.90% | +55.60% |
Current DrawdownCurrent decline from peak | -6.68% | -5.83% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -28.49% | +17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 4.23% | -0.02% |
Volatility
IXN vs. WES - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to Western Midstream Partners, LP (WES) at 7.47%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than WES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXN | WES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 7.47% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 20.45% | 15.58% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 20.24% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 29.20% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 46.62% | -22.04% |
Dividends
IXN vs. WES - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.78%, less than WES's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
WES Western Midstream Partners, LP | 8.21% | 9.13% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.43% | 4.03% | 3.86% |
Frequently Asked Questions
IXN and WES have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (12.01%) compared to WES (7.47%). In terms of maximum drawdown, IXN dropped -55.67% vs WES's -93.66%.
IXN currently has the higher Sharpe Ratio (2.52 vs 1.29), 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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