APA vs. XLE
Compare and contrast key facts about Apache Corporation (APA) and Energy Select Sector SPDR Fund (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APA or XLE.
Key characteristics
| APA | XLE | |
|---|---|---|
| YTD Return | -9.24% | 15.66% |
| 1Y Return | -9.12% | 17.55% |
| 3Y Return (Ann) | 23.29% | 31.73% |
| 5Y Return (Ann) | 1.40% | 13.16% |
| 10Y Return (Ann) | -7.70% | 4.25% |
| Sharpe Ratio | -0.38 | 0.80 |
| Daily Std Dev | 33.51% | 19.17% |
| Max Drawdown | -96.73% | -71.54% |
| Current Drawdown | -72.06% | -1.93% |
Correlation
The correlation between APA and XLE is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
APA vs. XLE - Performance Comparison
In the year-to-date period, APA achieves a -9.24% return, which is significantly lower than XLE's 15.66% return. Over the past 10 years, APA has underperformed XLE with an annualized return of -7.70%, while XLE has yielded a comparatively higher 4.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
APA vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Apache Corporation (APA) and Energy Select Sector SPDR Fund (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.
Dividends
APA vs. XLE - Dividend Comparison
APA's dividend yield for the trailing twelve months is around 3.12%, more than XLE's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APA Apache Corporation | 3.12% | 2.79% | 1.34% | 0.51% | 2.29% | 3.91% | 3.81% | 2.37% | 1.58% | 2.25% | 1.52% | 0.90% |
XLE Energy Select Sector SPDR Fund | 3.03% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
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 -71.54%. Use the drawdown chart below to compare losses from any high point for APA and XLE. For additional features, visit the drawdowns tool.
Volatility
APA vs. XLE - Volatility Comparison
Apache Corporation (APA) has a higher volatility of 8.29% compared to Energy Select Sector SPDR Fund (XLE) at 3.75%. 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.