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NNRG.NEO vs. IXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NNRG.NEO vs. IXC

Last updated Jun 4, 2026

NNRG.NEO (Ninepoint Energy ETF) and IXC (iShares Global Energy ETF) are both Energy Equities funds - NNRG.NEO tracks the S&P/TSX Capped Energy Total Return Index while IXC tracks the S&P Global Energy Sector Index. Both are passively managed. Over the past 5 years, NNRG.NEO returned 33.81%/yr vs 23.06%/yr for IXC. A 0.77 correlation means they provide meaningful diversification when combined. NNRG.NEO charges 1.79%/yr vs 0.46%/yr for IXC.

Performance

NNRG.NEO vs. IXC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Energy ETF (NNRG.NEO) and iShares Global Energy ETF (IXC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NNRG.NEO is traded in CAD, while IXC is traded in USD. To make them comparable, the IXC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NNRG.NEO achieves a 45.59% return, which is significantly higher than IXC's 33.90% return.

NNRG.NEO

1D
1.60%
1M
-1.33%
YTD
45.59%
6M
38.09%
1Y
66.96%
3Y*
26.11%
5Y*
33.81%
10Y*
—

IXC

1D
1.29%
1M
0.21%
YTD
33.90%
6M
29.50%
1Y
50.01%
3Y*
20.23%
5Y*
23.06%
10Y*
11.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NNRG.NEO vs. IXC - Yearly Performance Comparison

2026 (YTD)20252024202320222021
NNRG.NEO
Ninepoint Energy ETF		45.59%19.14%13.26%-4.21%66.18%55.91%
IXC
iShares Global Energy ETF		33.90%8.75%10.71%1.64%59.09%14.87%

Correlation

The correlation between NNRG.NEO and IXC is 0.69, 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

0.69

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

0.74

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

0.77

Correlation (All Time)
Calculated using the full available price history since May 12, 2021

0.77

The correlation between NNRG.NEO and IXC has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

NNRG.NEO vs. IXC - Sectors Allocation Comparison

Sectors
NNRG.NEO
IXC

Energy

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

NNRG.NEO
100.0%
IXC
100.0%

Basic Materials

NNRG.NEO

-

IXC

-

Communication Services

NNRG.NEO

-

IXC

-

Consumer Cyclical

NNRG.NEO

-

IXC

-

Consumer Defensive

NNRG.NEO

-

IXC

-

Financial Services

NNRG.NEO

-

IXC

-

Healthcare

NNRG.NEO

-

IXC

-

Industrials

NNRG.NEO

-

IXC

-

Real Estate

NNRG.NEO

-

IXC

-

Technology

NNRG.NEO

-

IXC

-

Utilities

NNRG.NEO

-

IXC

-

Compare stocks, funds, or ETFs

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

Ninepoint Energy ETF

iShares Global Energy ETF

Often compared with NNRG.NEO:
NNRG.NEO vs. XEG.TONNRG.NEO vs. DXMO.TONNRG.NEO vs. EFX.TONNRG.NEO vs. ENCC.TONNRG.NEO vs. CIF.TONNRG.NEO vs. FRU.TONNRG.NEO vs. ZWEN.TO
Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. XDW0.DEIXC vs. DDM

Return for Risk

NNRG.NEO vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NNRG.NEO
NNRG.NEO Risk / Return Rank: 7979
Overall Rank
NNRG.NEO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
NNRG.NEO Sortino Ratio Rank: 7272
Sortino Ratio Rank
NNRG.NEO Omega Ratio Rank: 7575
Omega Ratio Rank
NNRG.NEO Calmar Ratio Rank: 9292
Calmar Ratio Rank
NNRG.NEO Martin Ratio Rank: 7070
Martin Ratio Rank
IXC
IXC Risk / Return Rank: 7676
Overall Rank
IXC Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7070
Sortino Ratio Rank
IXC Omega Ratio Rank: 6868
Omega Ratio Rank
IXC Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXC Martin Ratio Rank: 7777
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.

NNRG.NEO vs. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Energy ETF (NNRG.NEO) and iShares Global Energy ETF (IXC). 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.

NNRG.NEOIXCDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.66

+0.08

Sortino ratioReturn per unit of downside risk
3.29
3.32

-0.03

Omega ratioGain probability vs. loss probability

1.45

1.43

+0.02

Calmar ratioReturn relative to maximum drawdown

6.21

4.55

+1.66

Martin ratioReturn relative to average drawdown

13.09

13.97

-0.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NNRG.NEO vs. IXC - Sharpe Ratio Comparison

The current NNRG.NEO Sharpe Ratio is 2.74, which is comparable to the IXC Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of NNRG.NEO and IXC, 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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Sharpe Ratios by Period

NNRG.NEOIXCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.74

2.66

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

1.09

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

0.39

+0.68

Drawdowns

NNRG.NEO vs. IXC - Drawdown Comparison

The maximum NNRG.NEO drawdown since its inception was -35.78%, smaller than the maximum IXC drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for NNRG.NEO and IXC.

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Drawdown Indicators

NNRG.NEOIXCDifference

Max Drawdown

Largest peak-to-trough decline

-35.78%

-59.68%

+23.90%

Max Drawdown (1Y)

Largest decline over 1 year

-10.84%

-11.05%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-23.52%

-19.01%

-4.51%

Max Drawdown (5Y)

Largest decline over 5 years

-35.78%

-21.58%

-14.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-59.68%

—

Current Drawdown

Current decline from peak

-4.70%

-4.80%

+0.10%

Average Drawdown

Average peak-to-trough decline

-9.58%

-11.00%

+1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.13%

3.59%

+1.54%

Volatility

NNRG.NEO vs. IXC - Volatility Comparison

Ninepoint Energy ETF (NNRG.NEO) has a higher volatility of 10.24% compared to iShares Global Energy ETF (IXC) at 7.69%. This indicates that NNRG.NEO's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NNRG.NEOIXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.24%

7.69%

+2.55%

Volatility (6M)

Calculated over the trailing 6-month period

20.69%

15.80%

+4.89%

Volatility (1Y)

Calculated over the trailing 1-year period

24.53%

18.90%

+5.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.60%

21.24%

+13.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.56%

24.28%

+10.28%

NNRG.NEO vs. IXC - Expense Ratio Comparison

NNRG.NEO has a 1.79% expense ratio, which is higher than IXC's 0.46% expense ratio.

Dividends

NNRG.NEO vs. IXC - Dividend Comparison

NNRG.NEO's dividend yield for the trailing twelve months is around 0.51%, less than IXC's 2.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IXC
iShares Global Energy ETF		2.79%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%
NNRG.NEO
Ninepoint Energy ETF		0.51%0.37%0.39%0.38%9.08%1.92%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NNRG.NEO and IXC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IXC is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IXC is cheaper with a 0.46% expense ratio, compared with 1.79% for NNRG.NEO.

NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index, while IXC tracks S&P Global Energy Sector Index. They also come from different issuers: Ninepoint and iShares. Their fees differ too: 1.79% for NNRG.NEO and 0.46% for IXC.

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