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OILD vs. IXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OILD vs. IXC

Last updated Jul 12, 2026
Documentation

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and IXC (iShares Global Energy ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Both are passively managed. Over the past 3 years, OILD returned -41.86%/yr vs 14.69%/yr for IXC. At a correlation of -0.97, they often move in opposite directions. OILD charges 0.95%/yr vs 0.40%/yr for IXC.

Performance

OILD vs. IXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and iShares Global Energy ETF (IXC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, OILD achieves a -54.54% return, which is significantly lower than IXC's 23.35% return.

OILD

1D
-1.43%
1M
10.54%
6M
-48.60%
YTD
-54.54%
1Y
-59.78%
3Y*
-41.86%
5Y*
—
10Y*
—

IXC

1D
0.51%
1M
-4.50%
6M
20.68%
YTD
23.35%
1Y
29.02%
3Y*
14.69%
5Y*
18.91%
10Y*
8.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OILD vs. IXC - Yearly Performance Comparison

2026 (YTD)20252024202320222021
OILD
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs		-54.54%-41.67%-14.58%-19.58%-90.32%3.83%
IXC
iShares Global Energy ETF		23.35%13.98%1.95%3.92%48.51%-4.25%

Correlation

The correlation between OILD and IXC is -0.96, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.96

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

-0.96

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2021

-0.97

The correlation between OILD and IXC has been stable across timeframes, ranging from -0.97 to -0.96 - a consistent structural relationship.

OILD vs. IXC - Sectors Allocation Comparison

Sectors
OILD
IXC

Energy

100.0%
99.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

0.2%

Energy

OILD
100.0%
IXC
99.4%

Basic Materials

OILD

-

IXC

-

Communication Services

OILD

-

IXC

-

Consumer Cyclical

OILD

-

IXC

-

Consumer Defensive

OILD

-

IXC

-

Financial Services

OILD

-

IXC

-

Healthcare

OILD

-

IXC

-

Industrials

OILD

-

IXC

-

Real Estate

OILD

-

IXC

-

Technology

OILD

-

IXC

-

Utilities

OILD

-

IXC
0.2%

Compare stocks, funds, or ETFs

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

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs

iShares Global Energy ETF

Often compared with OILD:
OILD vs. OILUOILD vs. NRGDOILD vs. CARDOILD vs. SCOOILD vs. MSFDOILD vs. YXIOILD vs. DRIP
Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. DDMIXC vs. XDW0.DE

Return for Risk

OILD vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OILD
OILD Risk / Return Rank: 22
Overall Rank
OILD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
OILD Sortino Ratio Rank: 11
Sortino Ratio Rank
OILD Omega Ratio Rank: 22
Omega Ratio Rank
OILD Calmar Ratio Rank: 22
Calmar Ratio Rank
OILD Martin Ratio Rank: 22
Martin Ratio Rank
IXC
IXC Risk / Return Rank: 5151
Overall Rank
IXC Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 5353
Sortino Ratio Rank
IXC Omega Ratio Rank: 5151
Omega Ratio Rank
IXC Calmar Ratio Rank: 4848
Calmar Ratio Rank
IXC Martin Ratio Rank: 4747
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.

OILD vs. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.

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.

OILDIXCDifference
Sharpe ratioReturn per unit of total volatility
-0.97
1.56

-2.53

Sortino ratioReturn per unit of downside risk
-1.65
2.09

-3.75

Omega ratioGain probability vs. loss probability

0.83

1.26

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.82

1.95

-2.77

Martin ratioReturn relative to average drawdown

-1.31

6.26

-7.57

OILD vs. IXC - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -0.97, which is lower than the IXC Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of OILD 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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Drawdowns

OILD vs. IXC - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for OILD and IXC.

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Drawdown Indicators

OILDIXCDifference

Max Drawdown

Largest peak-to-trough decline

-98.90%

-67.88%

-31.02%

Max Drawdown (1Y)

Largest decline over 1 year

-74.53%

-15.36%

-59.17%

Max Drawdown (3Y)

Largest decline over 3 years

-86.29%

-19.06%

-67.23%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.93%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-64.16%

—

Current Drawdown

Current decline from peak

-98.52%

-11.22%

-87.30%

Average Drawdown

Average peak-to-trough decline

-88.77%

-17.45%

-71.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

46.48%

4.78%

+41.70%

Volatility

OILD vs. IXC - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.60% compared to iShares Global Energy ETF (IXC) at 6.59%. This indicates that OILD'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

OILDIXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.60%

6.59%

+15.01%

Volatility (6M)

Calculated over the trailing 6-month period

49.90%

15.86%

+34.04%

Volatility (1Y)

Calculated over the trailing 1-year period

62.68%

19.18%

+43.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

79.24%

23.45%

+55.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

79.24%

26.81%

+52.43%

OILD vs. IXC - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is higher than IXC's 0.40% expense ratio.

Dividends

OILD vs. IXC - Dividend Comparison

OILD has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 3.08%.

PositionTTM20252024202320222021202020192018201720162015
IXC
iShares Global Energy ETF		3.08%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%
OILD
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

OILD and IXC have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OILD has higher volatility (21.60%) compared to IXC (6.59%). In terms of maximum drawdown, OILD dropped -98.90% vs IXC's -67.88%.

On 3-year performance, IXC leads with 14.69% vs -41.86% for OILD. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IXC has performed better with a 14.69% return vs -41.86%. 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 0.95% for OILD.

IXC has the higher dividend yield at 3.08%, compared with 0.00% for OILD.

OILD is categorized as Inverse Equities, while IXC is Energy Equities. OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while IXC tracks S&P Global 1200 Energy Capped Index. They also come from different issuers: REX and iShares. Their fees differ too: 0.95% for OILD and 0.40% for IXC.

IXC currently has the higher Sharpe Ratio (1.56 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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