BACAX vs. XLE
Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACAX) and State Street Energy Select Sector SPDR ETF (XLE).
BACAX is managed by BlackRock. It was launched on Feb 16, 2005. 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.
Performance
BACAX vs. XLE - Performance Comparison
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BACAX vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 36.30% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
XLE State Street Energy Select Sector SPDR ETF | 37.91% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Returns By Period
The year-to-date returns for both investments are quite close, with BACAX having a 36.30% return and XLE slightly higher at 37.91%. Over the past 10 years, BACAX has underperformed XLE with an annualized return of 10.09%, while XLE has yielded a comparatively higher 11.65% annualized return.
BACAX
- 1D
- -0.47%
- 1M
- 10.34%
- YTD
- 36.30%
- 6M
- 38.98%
- 1Y
- 38.84%
- 3Y*
- 18.44%
- 5Y*
- 22.41%
- 10Y*
- 10.09%
XLE
- 1D
- -1.13%
- 1M
- 10.27%
- YTD
- 37.91%
- 6M
- 39.21%
- 1Y
- 35.32%
- 3Y*
- 17.71%
- 5Y*
- 23.99%
- 10Y*
- 11.65%
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BACAX vs. XLE - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than XLE's 0.08% expense ratio.
Return for Risk
BACAX vs. XLE — Risk / Return Rank
BACAX
XLE
BACAX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) 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.
| BACAX | XLE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.42 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.84 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.96 | +0.23 |
Martin ratioReturn relative to average drawdown | 7.29 | 5.16 | +2.13 |
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
| BACAX | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.42 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.93 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.40 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.32 | -0.13 |
Correlation
The correlation between BACAX and XLE is 0.95, 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.
Dividends
BACAX vs. XLE - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 1.81%, less than XLE's 2.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.81% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
XLE State Street Energy Select Sector SPDR ETF | 2.44% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Drawdowns
BACAX vs. XLE - Drawdown Comparison
The maximum BACAX drawdown since its inception was -78.88%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BACAX and XLE.
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Drawdown Indicators
| BACAX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -71.26% | -7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.54% | -18.79% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -26.04% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | -66.81% | +0.89% |
Current DrawdownCurrent decline from peak | -0.47% | -2.08% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -34.52% | -18.05% | -16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 7.14% | -1.88% |
Volatility
BACAX vs. XLE - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACAX) is 4.30%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.05%. This indicates that BACAX experiences smaller price fluctuations and is considered to be less risky 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
| BACAX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 5.05% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 13.94% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 24.93% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 26.06% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 29.48% | -2.30% |