PBL vs. IXC
PBL (PGIM Portfolio Ballast ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - PBL is a Diversified Portfolio fund actively managed by PGIM, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. PBL is actively managed, while IXC is passively managed. Over the past 3 years, PBL returned 14.40%/yr vs 14.69%/yr for IXC. At a 0.20 correlation, their price movements are largely independent. PBL charges 0.45%/yr vs 0.40%/yr for IXC.
Performance
PBL vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, PBL achieves a 8.40% return, which is significantly lower than IXC's 23.35% return.
PBL
- 1D
- 0.61%
- 1M
- 2.05%
- 6M
- 7.13%
- YTD
- 8.40%
- 1Y
- 16.37%
- 3Y*
- 14.40%
- 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%
PBL vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBL PGIM Portfolio Ballast ETF | 8.40% | 12.35% | 16.70% | 14.28% | -4.02% |
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 1.48% |
Correlation
The correlation between PBL and IXC is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.20 |
The correlation between PBL and IXC shifts across timeframes, from -0.11 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBL vs. IXC — Risk / Return Rank
PBL
IXC
PBL vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) 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.
| PBL | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.95 | +0.81 |
| Martin ratioReturn relative to average drawdown | 10.64 | 6.26 | +4.38 |
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Drawdowns
PBL vs. IXC - Drawdown Comparison
The maximum PBL drawdown since its inception was -11.69%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for PBL and IXC.
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Drawdown Indicators
| PBL | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -67.88% | +56.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -15.36% | +9.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -19.06% | +7.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.22% | +11.22% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -17.45% | +15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 4.78% | -3.27% |
Volatility
PBL vs. IXC - Volatility Comparison
The current volatility for PGIM Portfolio Ballast ETF (PBL) is 3.35%, while iShares Global Energy ETF (IXC) has a volatility of 6.59%. This indicates that PBL experiences smaller price fluctuations and is considered to be less risky 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
| PBL | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 6.59% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 15.86% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.43% | 19.18% | -9.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 23.45% | -13.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 26.81% | -16.91% |
PBL vs. IXC - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is higher than IXC's 0.40% expense ratio.
Dividends
PBL vs. IXC - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 2.04%, less than IXC's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PBL PGIM Portfolio Ballast ETF | 2.04% | 2.21% | 6.89% | 7.92% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBL and IXC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.59%) compared to PBL (3.35%). In terms of maximum drawdown, PBL dropped -11.69% vs IXC's -67.88%.
On 3-year performance, IXC leads with 14.69% vs 14.40% for PBL. On fees, IXC is cheaper at 0.40% per year. On volatility, PBL has been the lower-risk option at 3.35%. 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 14.40%. 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 0.45% for PBL.
IXC has the higher dividend yield at 3.08%, compared with 2.04% for PBL.
PBL is categorized as Diversified Portfolio, while IXC is Energy Equities. They also come from different issuers: PGIM and iShares. Their fees differ too: 0.45% for PBL and 0.40% for IXC.
PBL currently has the higher Sharpe Ratio (1.70 vs 1.56), 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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