IXC
iShares Global Energy ETF
The iShares Global Energy ETF seeks to track the investment results of an index composed of global equities in the energy sector.
Global
EQUITY
Passive
MANAGEMENT STYLE
44 bp
EXPENSES
$2.2 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2001 |
| Assets (mns) | $2,184 |
| Expense ratio | 44 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 18.5 % |
| CHEVRON CORP | 9.7 % |
| SHELL PLC | 8.1 % |
| TOTAL SA | 5.4 % |
| CONOCOPHILLIPS | 4.5 % |
| BP PLC | 3.5 % |
| ENBRIDGE INC | 2.8 % |
| CANADIAN NATURAL RESOURCES | 2.7 % |
| EOG RESOURCES, INC. | 2.6 % |
| SCHLUMBERGER LTD | 2.5 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 632 |
| Wgt avg mkt cap (mns) | $186,692 |
| Large cap (>$10bn) | 99.8% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.4% |
| Emerging mkts. | 3.6% |
Country Exposure
 |
UNITED STATES | 59.9 % |
 |
CANADA | 12.1 % |
 |
BRITAIN | 11.6 % |
 |
FRANCE | 5.4 % |
 |
AUSTRALIA | 2.1 % |
 |
BRAZIL | 2.1 % |
 |
ITALY | 1.3 % |
 |
NORWAY | 1.2 % |
 |
CHINA | 1.2 % |
 |
JAPAN | 1.1 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.4% | 6.4% | 10.7% | 17.8% | 8.4% | 1.6% | 7.8% | Volatility | 15.7% | 17.3% | 24.5% | 25.3% | 33.0% | 27.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.53 | 15% |
| MSCI EAFE | 0.62 | 19% |
| MSCI Emg Mkts | 0.37 | 7% |
Liquidity Measures
| Avg. volume (000) | 720 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $19,057 |
Technical Indicators
| Recent close | $41.60 |
| 30d moving avg. | $41.61 |
| Annualized volatility | 24.9% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IXC |
Expenses vs. IXC |
ALTAR Score™ vs. IXC |
|---|---|---|---|---|
| FILL | iShares MSCI Global Energy Producers ETF | 76.8% | -5 bp | +0.9% |
| IYE | iShares U.S. Energy ETF | 59.9% | -4 bp | -2.3% |
| FENY | Fidelity MSCI Energy Index ETF | 59.9% | -36 bp | -2.0% |
| VDE | Vanguard Energy ETF | 59.9% | -34 bp | -2.1% |
| XLE | Energy Select Sector SPDR Fund | 59.9% | -35 bp | -1.6% |
| IGE | iShares North American Natural Resources ETF | 51.4% | -3 bp | -2.3% |
| DRLL | Strive U.S. Energy ETF | 48.7% | -3 bp | -1.1% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 44.4% | +16 bp | -1.2% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 40.8% | -4 bp | -1.1% |
| NANR | SPDR S&P North American Natural Resources ETF | 39.7% | -9 bp | -1.8% |
Risk and Returns: IXC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IXC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
IXC
9.1%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.1% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. IXC's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places IXC in the 85th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IXC
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| IXC (44 bp) Percentile rank | 38 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IXC | 44.0 | 2.6 | 46.6 |
| Peer Avg. | 55.0 | 27.9 | 82.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .