Correlation
The correlation between NVIR and IXC is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
NVIR vs. IXC
Compare and contrast key facts about Horizon Kinetics Energy Remediation ETF (NVIR) and iShares Global Energy ETF (IXC).
NVIR and IXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVIR is an actively managed fund by Horizon. It was launched on Feb 21, 2023. IXC is a passively managed fund by iShares that tracks the performance of the S&P Global Energy Sector Index. It was launched on Nov 16, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVIR or IXC.
Performance
NVIR vs. IXC - Performance Comparison
Loading data...
Key characteristics
NVIR:
0.18
IXC:
-0.31
NVIR:
0.36
IXC:
-0.35
NVIR:
1.05
IXC:
0.95
NVIR:
0.16
IXC:
-0.43
NVIR:
0.49
IXC:
-1.26
NVIR:
7.42%
IXC:
6.45%
NVIR:
23.90%
IXC:
22.06%
NVIR:
-22.47%
IXC:
-67.88%
NVIR:
-11.76%
IXC:
-11.50%
Returns By Period
In the year-to-date period, NVIR achieves a -3.04% return, which is significantly lower than IXC's -0.65% return.
NVIR
-3.04%
2.11%
-10.09%
2.87%
N/A
N/A
N/A
IXC
-0.65%
1.77%
-8.20%
-8.94%
2.08%
18.45%
4.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NVIR vs. IXC - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is higher than IXC's 0.46% expense ratio.
Risk-Adjusted Performance
NVIR vs. IXC — Risk-Adjusted Performance Rank
NVIR
IXC
NVIR vs. IXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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.
Loading data...
Dividends
NVIR vs. IXC - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 1.55%, less than IXC's 4.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 1.55% | 1.50% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXC iShares Global Energy ETF | 4.60% | 4.57% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% | 3.02% |
Drawdowns
NVIR vs. IXC - Drawdown Comparison
The maximum NVIR drawdown since its inception was -22.47%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for NVIR and IXC.
Loading data...
Volatility
NVIR vs. IXC - Volatility Comparison
Horizon Kinetics Energy Remediation ETF (NVIR) and iShares Global Energy ETF (IXC) have volatilities of 4.43% and 4.33%, 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.
Loading data...