ASUR vs. XLE

Last updated Jul 11, 2026

ASUR (Asure Software, 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 10 years, ASUR returned 4.91%/yr vs 9.05%/yr for XLE. At a 0.09 correlation, their price movements are largely independent.

Performance

ASUR vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asure Software, Inc. (ASUR) 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, ASUR achieves a -16.88% return, which is significantly lower than XLE's 24.89% return. Over the past 10 years, ASUR has underperformed XLE with an annualized return of 4.91%, while XLE has yielded a comparatively higher 9.05% annualized return.

ASUR

• 1D: 0.51%
• 1M: -10.92%
• 6M: -17.06%
• YTD: -16.88%
• 1Y: -22.78%
• 3Y*: -14.21%
• 5Y*: -1.56%
• 10Y*: 4.91%

XLE

• 1D: 0.47%
• 1M: -3.60%
• 6M: 19.65%
• YTD: 24.89%
• 1Y: 27.45%
• 3Y*: 13.38%
• 5Y*: 20.12%
• 10Y*: 9.05%

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

ASUR vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASUR Asure Software, Inc.	-16.88%	0.11%	-1.16%	1.93%	19.28%	10.28%	-13.20%	61.02%	-64.02%	65.92%
XLE State Street Energy Select Sector SPDR ETF	24.89%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Correlation

The correlation between ASUR and XLE is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998	0.09

The correlation between ASUR and XLE shifts across timeframes, from -0.02 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

ASUR vs. XLE — Risk / Return Rank

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

ASUR

ASUR Risk / Return Rank: 19
ASUR Sharpe Ratio Rank: 21
ASUR Sortino Ratio Rank: 22
ASUR Omega Ratio Rank: 22
ASUR Calmar Ratio Rank: 17
ASUR Martin Ratio Rank: 12

XLE

XLE Risk / Return Rank: 45
XLE Sharpe Ratio Rank: 48
XLE Sortino Ratio Rank: 45
XLE Omega Ratio Rank: 43
XLE Calmar Ratio Rank: 46
XLE Martin Ratio Rank: 40

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.

ASUR vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asure Software, Inc. (ASUR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASUR	XLE	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	1.35	-1.89
Sortino ratio: Return per unit of downside risk	-0.53	1.86	-2.39
Omega ratio: Gain probability vs. loss probability	0.93	1.23	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.72	1.88	-2.60
Martin ratio: Return relative to average drawdown	-1.30	5.10	-6.40

ASUR vs. XLE - Sharpe Ratio Comparison

The current ASUR Sharpe Ratio is -0.54, which is lower than the XLE Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of ASUR 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.

Drawdowns

ASUR vs. XLE - Drawdown Comparison

The maximum ASUR drawdown since its inception was -99.53%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for ASUR and XLE.

Drawdown Indicators

	ASUR	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-99.53%	-71.26%	-28.27%
Max Drawdown (1Y) Largest decline over 1 year	-34.47%	-14.98%	-19.49%
Max Drawdown (3Y) Largest decline over 3 years	-54.07%	-20.14%	-33.93%
Max Drawdown (5Y) Largest decline over 5 years	-59.42%	-26.04%	-33.38%
Max Drawdown (10Y) Largest decline over 10 years	-76.97%	-66.81%	-10.16%
Current Drawdown Current decline from peak	-58.92%	-11.32%	-47.60%
Average Drawdown Average peak-to-trough decline	-68.81%	-17.96%	-50.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.22%	5.50%	+13.72%

Volatility

ASUR vs. XLE - Volatility Comparison

Asure Software, Inc. (ASUR) has a higher volatility of 11.92% compared to State Street Energy Select Sector SPDR ETF (XLE) at 6.80%. This indicates that ASUR'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

	ASUR	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	6.80%	+5.12%
Volatility (6M) Calculated over the trailing 6-month period	38.06%	16.70%	+21.36%
Volatility (1Y) Calculated over the trailing 1-year period	46.46%	20.83%	+25.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.72%	25.91%	+21.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.72%	29.57%	+24.15%

Dividends

ASUR vs. XLE - Dividend Comparison

ASUR has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASUR Asure Software, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.75%	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 ASUR and XLE in my portfolio?

ASUR and XLE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASUR or XLE?

ASUR has higher volatility (11.92%) compared to XLE (6.80%). In terms of maximum drawdown, ASUR dropped -99.53% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.35 vs -0.54), 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.