APA vs. XLE
APA (Apache Corporation) 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 10 years, APA returned -1.22%/yr vs 9.99%/yr for XLE. Their correlation of 0.81 suggests significant overlap in exposure.
Performance
APA vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, APA achieves a 58.80% return, which is significantly higher than XLE's 32.26% return. Over the past 10 years, APA has underperformed XLE with an annualized return of -1.22%, while XLE has yielded a comparatively higher 9.99% annualized return.
APA
- 1D
- -0.29%
- 1M
- -7.86%
- YTD
- 58.80%
- 6M
- 45.42%
- 1Y
- 122.16%
- 3Y*
- 9.00%
- 5Y*
- 13.55%
- 10Y*
- -1.22%
XLE
- 1D
- 0.07%
- 1M
- -1.18%
- YTD
- 32.26%
- 6M
- 29.34%
- 1Y
- 47.98%
- 3Y*
- 17.74%
- 5Y*
- 20.45%
- 10Y*
- 9.99%
APA vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APA Apache Corporation | 58.80% | 11.54% | -33.44% | -21.24% | 76.44% | 90.76% | -43.71% | 1.12% | -36.39% | -32.13% |
XLE State Street Energy Select Sector SPDR ETF | 32.26% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between APA and XLE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 1998 | 0.81 |
The correlation between APA and XLE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
APA vs. XLE — Risk / Return Rank
APA
XLE
APA vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apache Corporation (APA) 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.
| APA | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.31 | 4.00 | +2.31 |
| Martin ratioReturn relative to average drawdown | 15.65 | 11.60 | +4.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APA | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.36 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.79 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.34 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.31 | -0.15 |
Drawdowns
APA vs. XLE - Drawdown Comparison
The maximum APA drawdown since its inception was -96.73%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for APA and XLE.
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Drawdown Indicators
| APA | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.73% | -71.26% | -25.47% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -12.05% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -67.45% | -20.14% | -47.31% |
Max Drawdown (5Y)Largest decline over 5 years | -70.47% | -26.04% | -44.43% |
Max Drawdown (10Y)Largest decline over 10 years | -93.49% | -66.81% | -26.68% |
Current DrawdownCurrent decline from peak | -63.70% | -6.09% | -57.61% |
Average DrawdownAverage peak-to-trough decline | -40.33% | -17.98% | -22.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.84% | 4.15% | +3.69% |
Volatility
APA vs. XLE - Volatility Comparison
Apache Corporation (APA) has a higher volatility of 14.41% compared to State Street Energy Select Sector SPDR ETF (XLE) at 8.25%. This indicates that APA'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.
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Volatility by Period
| APA | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.41% | 8.25% | +6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 16.51% | +16.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.02% | 20.50% | +25.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.48% | 26.01% | +22.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.38% | 29.58% | +28.80% |
Dividends
APA vs. XLE - Dividend Comparison
APA's dividend yield for the trailing twelve months is around 2.62%, more than XLE's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APA Apache Corporation | 2.62% | 4.09% | 4.33% | 2.79% | 1.34% | 0.51% | 2.29% | 3.91% | 3.81% | 2.37% | 1.58% | 2.25% |
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
APA and XLE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APA has higher volatility (14.41%) compared to XLE (8.25%). In terms of maximum drawdown, APA dropped -96.73% vs XLE's -71.26%.
APA currently has the higher Sharpe Ratio (2.67 vs 2.36), 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.
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