VOX vs. IXP
VOX (Vanguard Communication Services ETF) and IXP (iShares Global Comm Services ETF) are both exchange-traded funds - VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index, while IXP is a Large Cap Growth Equities fund tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. Both are passively managed. Over the past 10 years, VOX returned 8.42%/yr vs 8.91%/yr for IXP. Their correlation of 0.85 suggests significant overlap in exposure. VOX charges 0.09%/yr vs 0.43%/yr for IXP.
Performance
VOX vs. IXP - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VOX having a -5.35% return and IXP slightly lower at -5.37%. Over the past 10 years, VOX has underperformed IXP with an annualized return of 8.42%, while IXP has yielded a comparatively higher 8.91% annualized return.
VOX
- 1D
- 0.26%
- 1M
- -6.50%
- YTD
- -5.35%
- 6M
- -5.46%
- 1Y
- 12.86%
- 3Y*
- 21.81%
- 5Y*
- 6.02%
- 10Y*
- 8.42%
IXP
- 1D
- -0.42%
- 1M
- -6.94%
- YTD
- -5.37%
- 6M
- -5.09%
- 1Y
- 9.67%
- 3Y*
- 21.27%
- 5Y*
- 7.48%
- 10Y*
- 8.91%
VOX vs. IXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOX Vanguard Communication Services ETF | -5.35% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 29.12% | 28.03% | -16.75% | -5.50% |
IXP iShares Global Comm Services ETF | -5.37% | 29.27% | 31.33% | 38.80% | -33.40% | 12.77% | 22.16% | 25.23% | -13.67% | 6.65% |
Correlation
The correlation between VOX and IXP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.85 |
The correlation between VOX and IXP shifts across timeframes, from 0.85 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VOX vs. IXP — Risk / Return Rank
VOX
IXP
VOX vs. IXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) and iShares Global Comm Services ETF (IXP). 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.
| VOX | IXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.79 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.37 | 2.55 | +0.83 |
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Drawdowns
VOX vs. IXP - Drawdown Comparison
The maximum VOX drawdown since its inception was -57.18%, which is greater than IXP's maximum drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for VOX and IXP.
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Drawdown Indicators
| VOX | IXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -50.11% | -7.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -12.26% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -17.54% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -44.30% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -46.76% | -44.30% | -2.46% |
Current DrawdownCurrent decline from peak | -8.53% | -9.33% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -11.90% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.81% | +0.01% |
Volatility
VOX vs. IXP - Volatility Comparison
Vanguard Communication Services ETF (VOX) has a higher volatility of 5.44% compared to iShares Global Comm Services ETF (IXP) at 4.79%. This indicates that VOX's price experiences larger fluctuations and is considered to be riskier than IXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOX | IXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.79% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 11.20% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 15.02% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 19.09% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 18.50% | +2.43% |
VOX vs. IXP - Expense Ratio Comparison
VOX has a 0.09% expense ratio, which is lower than IXP's 0.43% expense ratio.
Dividends
VOX vs. IXP - Dividend Comparison
VOX's dividend yield for the trailing twelve months is around 1.04%, less than IXP's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | 3.45% | 2.98% | 1.35% | 1.24% | 0.62% | 1.80% | 0.95% | 2.18% | 4.32% | 3.41% | 4.02% | 3.89% |
VOX Vanguard Communication Services ETF | 1.04% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
With a correlation of 0.92, VOX and IXP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VOX has higher volatility (5.44%) compared to IXP (4.79%). In terms of maximum drawdown, VOX dropped -57.18% vs IXP's -50.11%.
On 10-year performance, IXP leads with 8.91% vs 8.42% for VOX. On fees, VOX is cheaper at 0.09% per year. On volatility, IXP has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXP has performed better with a 8.91% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.43% for IXP.
IXP has the higher dividend yield at 3.45%, compared with 1.04% for VOX.
VOX is categorized as Communications Equities, while IXP is Large Cap Growth Equities. VOX tracks MSCI US Investable Market Communication Services 25/50 Index, while IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VOX and 0.43% for IXP.
VOX currently has the higher Sharpe Ratio (0.82 vs 0.65), 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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