^DXY vs. XLE

Last updated Apr 2, 2026

Compare and contrast key facts about US Dollar Currency Index (^DXY) and State Street Energy Select Sector SPDR ETF (XLE).

XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.

Performance

^DXY vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Dollar Currency Index (^DXY) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

^DXY vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DXY US Dollar Currency Index	1.27%	-9.37%	7.06%	-2.11%	7.87%	6.71%	-6.69%	0.22%	4.40%	-9.87%
XLE State Street Energy Select Sector SPDR ETF	32.76%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Returns By Period

In the year-to-date period, ^DXY achieves a 1.27% return, which is significantly lower than XLE's 32.76% return. Over the past 10 years, ^DXY has underperformed XLE with an annualized return of 0.51%, while XLE has yielded a comparatively higher 11.23% annualized return.

^DXY

• 1D: -0.39%
• 1M: 1.21%
• YTD: 1.27%
• 6M: 1.91%
• 1Y: -4.50%
• 3Y*: -0.96%
• 5Y*: 1.37%
• 10Y*: 0.51%

XLE

• 1D: -3.74%
• 1M: 4.06%
• YTD: 32.76%
• 6M: 34.01%
• 1Y: 29.50%
• 3Y*: 16.22%
• 5Y*: 23.05%
• 10Y*: 11.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^DXY vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DXY

^DXY Risk / Return Rank: 1
^DXY Sharpe Ratio Rank: 1
^DXY Sortino Ratio Rank: 0
^DXY Omega Ratio Rank: 1
^DXY Calmar Ratio Rank: 0
^DXY Martin Ratio Rank: 5

XLE

XLE Risk / Return Rank: 58
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 61
XLE Calmar Ratio Rank: 61
XLE Martin Ratio Rank: 43

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.

^DXY vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) and State Street Energy Select Sector SPDR ETF (XLE). 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.

	^DXY	XLE	Difference
Sharpe ratio Return per unit of total volatility	-0.62	1.18	-1.80
Sortino ratio Return per unit of downside risk	-0.80	1.56	-2.37
Omega ratio Gain probability vs. loss probability	0.90	1.23	-0.33
Calmar ratio Return relative to maximum drawdown	-0.59	1.61	-2.20
Martin ratio Return relative to average drawdown	-1.01	4.23	-5.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DXY vs. XLE - Sharpe Ratio Comparison

The current ^DXY Sharpe Ratio is -0.62, which is lower than the XLE Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of ^DXY and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^DXY	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	1.18	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.89	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.38	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.31	-0.39

Correlation

The correlation between ^DXY and XLE is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

^DXY vs. XLE - Drawdown Comparison

The maximum ^DXY drawdown since its inception was -45.13%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for ^DXY and XLE.

Drawdown Indicators

	^DXY	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-45.13%	-71.26%	+26.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-18.79%	+11.48%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-26.04%	+10.36%
Max Drawdown (10Y) Largest decline over 10 years	-15.68%	-66.81%	+51.13%
Current Drawdown Current decline from peak	-23.41%	-5.74%	-17.67%
Average Drawdown Average peak-to-trough decline	-28.18%	-18.05%	-10.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	7.15%	-3.95%

Volatility

^DXY vs. XLE - Volatility Comparison

The current volatility for US Dollar Currency Index (^DXY) is 2.19%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 6.45%. This indicates that ^DXY experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DXY	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	6.45%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	14.46%	-10.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	25.21%	-18.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.00%	26.09%	-19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	29.50%	-22.97%