^SIXM vs. ^SIXE

Last updated Jun 3, 2026

^SIXM (Financial Select Sector Index) and ^SIXE (Energy Select Sector Index) are both indexes. Over the past 10 years, ^SIXM returned 10.44%/yr vs 6.19%/yr for ^SIXE. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

^SIXM vs. ^SIXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Financial Select Sector Index (^SIXM) and Energy Select Sector Index (^SIXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^SIXM achieves a -6.30% return, which is significantly lower than ^SIXE's 28.71% return. Over the past 10 years, ^SIXM has outperformed ^SIXE with an annualized return of 10.44%, while ^SIXE has yielded a comparatively lower 6.19% annualized return.

^SIXM

• 1D: -0.29%
• 1M: -1.10%
• YTD: -6.30%
• 6M: -2.66%
• 1Y: 0.89%
• 3Y*: 16.22%
• 5Y*: 6.11%
• 10Y*: 10.44%

^SIXE

• 1D: 1.10%
• 1M: -2.05%
• YTD: 28.71%
• 6M: 28.69%
• 1Y: 40.36%
• 3Y*: 13.24%
• 5Y*: 16.09%
• 10Y*: 6.19%

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

^SIXM vs. ^SIXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SIXM Financial Select Sector Index	-6.30%	13.32%	28.43%	9.94%	-12.35%	32.55%	-4.10%	29.17%	-14.66%	20.03%
^SIXE Energy Select Sector Index	28.71%	4.38%	2.25%	-4.12%	58.40%	46.21%	-36.46%	7.95%	-20.48%	-3.56%

Correlation

The correlation between ^SIXM and ^SIXE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.59

Over the past year, the correlation between ^SIXM and ^SIXE has dropped to 0.03 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

^SIXM vs. ^SIXE — Risk / Return Rank

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

^SIXM

^SIXM Risk / Return Rank: 12
^SIXM Sharpe Ratio Rank: 12
^SIXM Sortino Ratio Rank: 11
^SIXM Omega Ratio Rank: 11
^SIXM Calmar Ratio Rank: 12
^SIXM Martin Ratio Rank: 13

^SIXE

^SIXE Risk / Return Rank: 68
^SIXE Sharpe Ratio Rank: 67
^SIXE Sortino Ratio Rank: 63
^SIXE Omega Ratio Rank: 61
^SIXE Calmar Ratio Rank: 83
^SIXE Martin Ratio Rank: 65

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.

^SIXM vs. ^SIXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Financial Select Sector Index (^SIXM) and Energy Select Sector Index (^SIXE). 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.

	^SIXM	^SIXE	Difference
Sharpe ratio Return per unit of total volatility	0.07	1.98	-1.91
Sortino ratio Return per unit of downside risk	0.19	2.58	-2.40
Omega ratio Gain probability vs. loss probability	1.02	1.32	-0.30
Calmar ratio Return relative to maximum drawdown	0.08	3.46	-3.37
Martin ratio Return relative to average drawdown	0.22	9.88	-9.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SIXM vs. ^SIXE - Sharpe Ratio Comparison

The current ^SIXM Sharpe Ratio is 0.07, which is lower than the ^SIXE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of ^SIXM and ^SIXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^SIXM	^SIXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	1.98	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.62	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.21	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.19	+0.18

Drawdowns

^SIXM vs. ^SIXE - Drawdown Comparison

The maximum ^SIXM drawdown since its inception was -52.30%, smaller than the maximum ^SIXE drawdown of -75.97%. Use the drawdown chart below to compare losses from any high point for ^SIXM and ^SIXE.

Drawdown Indicators

	^SIXM	^SIXE	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-75.97%	+23.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.06%	-12.16%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-15.70%	-21.94%	+6.24%
Max Drawdown (5Y) Largest decline over 5 years	-26.95%	-26.25%	-0.70%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	-69.16%	+26.03%
Current Drawdown Current decline from peak	-8.89%	-7.97%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.61%	-21.27%	+12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	4.26%	+1.59%

Volatility

^SIXM vs. ^SIXE - Volatility Comparison

The current volatility for Financial Select Sector Index (^SIXM) is 3.05%, while Energy Select Sector Index (^SIXE) has a volatility of 8.00%. This indicates that ^SIXM experiences smaller price fluctuations and is considered to be less risky than ^SIXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SIXM	^SIXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	8.00%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	16.51%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	20.50%	-6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	26.04%	-7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.26%	29.80%	-7.54%

Frequently Asked Questions

Can I hold both ^SIXM and ^SIXE in my portfolio?

^SIXM and ^SIXE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SIXM or ^SIXE?

^SIXE has higher volatility (8.00%) compared to ^SIXM (3.05%). In terms of maximum drawdown, ^SIXM dropped -52.30% vs ^SIXE's -75.97%.

Which has better risk-adjusted returns?

^SIXE currently has the higher Sharpe Ratio (1.98 vs 0.07), 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.