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.
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2001 |
| Assets (mns) | $3,037 |
| 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 | 15.9 % |
| CHEVRON CORP | 9.7 % |
| SHELL PLC | 8.0 % |
| TOTAL SA | 6.1 % |
| CONOCOPHILLIPS | 4.6 % |
| BP PLC | 4.0 % |
| SCHLUMBERGER LTD | 2.8 % |
| EOG RESOURCES, INC. | 2.7 % |
| ENBRIDGE INC | 2.7 % |
| CANADIAN NATURAL RESOURCES | 2.7 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 571 |
| Wgt avg mkt cap (mns) | $165,894 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 2.5% |
Country Exposure
 |
UNITED STATES | 59.1 % |
 |
BRITAIN | 12.0 % |
 |
CANADA | 11.8 % |
 |
FRANCE | 6.1 % |
 |
BRAZIL | 2.3 % |
 |
AUSTRALIA | 2.3 % |
 |
NORWAY | 1.6 % |
 |
ITALY | 1.5 % |
 |
JAPAN | 1.0 % |
 |
SPAIN | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.9% | 0.6% | 26.6% | 31.5% | 8.8% | 3.3% | 8.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 16% |
| MSCI EAFE | 0.67 | 20% |
| MSCI Emg Mkts | 0.42 | 9% |
Liquidity Measures
| Avg. volume (000) | 1,110 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $7,941 |
Technical Indicators
| Recent close | $39.83 |
| 30d moving avg. | $40.63 |
| Annualized volatility | 25.6% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.8% |
| 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 | 78.4% | -5 bp | +0.9% |
| IYE | iShares U.S. Energy ETF | 59.1% | -4 bp | -1.3% |
| FENY | Fidelity MSCI Energy Index ETF | 59.1% | -36 bp | -1.1% |
| DRLL | Strive U.S. Energy ETF | 59.1% | -3 bp | -1.5% |
| VDE | Vanguard Energy Index Fund | 59.1% | -34 bp | -1.2% |
| XLE | Energy Select Sector SPDR Fund | 59.0% | -34 bp | -0.8% |
| IGE | iShares North American Natural Resources ETF | 51.9% | -3 bp | -1.4% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 45.0% | +16 bp | -0.8% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 41.4% | -4 bp | -0.8% |
| NANR | SPDR S&P North American Natural Resources ETF | 38.9% | -9 bp | -1.1% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/1/2023
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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
7.8%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.8% |
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 342 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. IXC's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places IXC in the 80th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .