AESI vs. XLE

Last updated Jun 4, 2026

AESI (Atlas Energy Solutions Inc) is a stock, while XLE (State Street Energy Select Sector SPDR ETF) is Energy Equities fund tracking the Energy Select Sector Index. Over the past 3 years, AESI returned 5.74%/yr vs 17.46%/yr for XLE. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

AESI vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Atlas Energy Solutions Inc (AESI) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AESI achieves a 90.13% return, which is significantly higher than XLE's 32.17% return.

AESI

• 1D: -0.72%
• 1M: 0.90%
• YTD: 90.13%
• 6M: 84.64%
• 1Y: 41.12%
• 3Y*: 5.74%
• 5Y*: —
• 10Y*: —

XLE

• 1D: 1.29%
• 1M: -1.14%
• YTD: 32.17%
• 6M: 29.80%
• 1Y: 45.00%
• 3Y*: 17.46%
• 5Y*: 20.44%
• 10Y*: 10.22%

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

AESI vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AESI Atlas Energy Solutions Inc	90.13%	-55.28%	34.96%	5.56%
XLE State Street Energy Select Sector SPDR ETF	32.17%	7.88%	5.56%	3.85%

Correlation

The correlation between AESI and XLE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.55

The correlation between AESI and XLE has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

AESI vs. XLE — Risk / Return Rank

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

AESI

AESI Risk / Return Rank: 61
AESI Sharpe Ratio Rank: 64
AESI Sortino Ratio Rank: 60
AESI Omega Ratio Rank: 60
AESI Calmar Ratio Rank: 60
AESI Martin Ratio Rank: 59

XLE

XLE Risk / Return Rank: 63
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 56
XLE Calmar Ratio Rank: 73
XLE Martin Ratio Rank: 60

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.

AESI vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Atlas Energy Solutions Inc (AESI) 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.

	AESI	XLE	Difference
Sharpe ratio Return per unit of total volatility	0.70	2.21	-1.50
Sortino ratio Return per unit of downside risk	1.29	2.84	-1.55
Omega ratio Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio Return relative to maximum drawdown	0.95	3.75	-2.80
Martin ratio Return relative to average drawdown	1.98	10.92	-8.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AESI vs. XLE - Sharpe Ratio Comparison

The current AESI Sharpe Ratio is 0.70, which is lower than the XLE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of AESI and XLE, 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

	AESI	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.21	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.31	-0.18

Drawdowns

AESI vs. XLE - Drawdown Comparison

The maximum AESI drawdown since its inception was -65.91%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for AESI and XLE.

Drawdown Indicators

	AESI	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-65.91%	-71.26%	+5.35%
Max Drawdown (1Y) Largest decline over 1 year	-43.54%	-12.05%	-31.49%
Max Drawdown (3Y) Largest decline over 3 years	-65.91%	-20.14%	-45.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-24.63%	-6.15%	-18.48%
Average Drawdown Average peak-to-trough decline	-25.28%	-17.98%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.81%	4.14%	+16.67%

Volatility

AESI vs. XLE - Volatility Comparison

Atlas Energy Solutions Inc (AESI) has a higher volatility of 16.46% compared to State Street Energy Select Sector SPDR ETF (XLE) at 8.25%. This indicates that AESI's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AESI	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.46%	8.25%	+8.21%
Volatility (6M) Calculated over the trailing 6-month period	40.31%	16.58%	+23.73%
Volatility (1Y) Calculated over the trailing 1-year period	59.02%	20.53%	+38.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.35%	26.02%	+22.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.35%	29.59%	+18.76%

Dividends

AESI vs. XLE - Dividend Comparison

AESI's dividend yield for the trailing twelve months is around 1.40%, less than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AESI Atlas Energy Solutions Inc	1.40%	7.96%	4.33%	4.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.54%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Frequently Asked Questions

Can I hold both AESI and XLE in my portfolio?

AESI and XLE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AESI or XLE?

AESI has higher volatility (16.46%) compared to XLE (8.25%). In terms of maximum drawdown, AESI dropped -65.91% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (2.21 vs 0.70), 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.