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BDYN vs. XLE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BDYN vs. XLE

Last updated Aug 6, 2026
Documentation

BDYN (iShares Dynamic Equity Active ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - BDYN is a Global Equities fund actively managed by iShares, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. BDYN is actively managed, while XLE is passively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. BDYN charges 0.40%/yr vs 0.08%/yr for XLE.

Performance

BDYN vs. XLE - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, BDYN achieves a 10.64% return, which is significantly lower than XLE's 29.95% return.

BDYN

1D
0.06%
1M
1.50%
6M
9.21%
YTD
10.64%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

XLE

1D
-2.07%
1M
7.87%
6M
9.98%
YTD
29.95%
1Y
38.22%
3Y*
13.23%
5Y*
22.66%
10Y*
9.80%
ALL TIME*
8.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BDYN

iShares Dynamic Equity Active ETF
$10.34M$9.91M$9.90M

XLE

State Street Energy Select Sector SPDR ETF
$1.81B$1.78B$1.93B

BDYN vs. XLE - Yearly Performance Comparison

2026 (YTD)2025
BDYN
iShares Dynamic Equity Active ETF		10.64%3.61%
XLE
State Street Energy Select Sector SPDR ETF		29.95%2.65%

Correlation

The correlation between BDYN and XLE is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (All Time)
Calculated using the full available price history since Sep 15, 2025

-0.18

BDYN vs. XLE - Sectors Allocation Comparison

Sectors
BDYN
XLE

Technology

30.5%

-

Industrials

15.4%

-

Financial Services

13.1%

-

Healthcare

10.6%

-

Communication Services

9.6%

-

Consumer Cyclical

8.8%

-

Energy

5.2%
100.0%

Consumer Defensive

3.4%

-

Utilities

1.9%

-

Basic Materials

1.3%

-

Real Estate

0.1%

-

Technology

BDYN
30.5%
XLE

-

Industrials

BDYN
15.4%
XLE

-

Financial Services

BDYN
13.1%
XLE

-

Healthcare

BDYN
10.6%
XLE

-

Communication Services

BDYN
9.6%
XLE

-

Consumer Cyclical

BDYN
8.8%
XLE

-

Energy

BDYN
5.2%
XLE
100.0%

Consumer Defensive

BDYN
3.4%
XLE

-

Utilities

BDYN
1.9%
XLE

-

Basic Materials

BDYN
1.3%
XLE

-

Real Estate

BDYN
0.1%
XLE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Dynamic Equity Active ETF

State Street Energy Select Sector SPDR ETF

Often compared with BDYN:
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Often compared with XLE:
XLE vs. VDEXLE vs. USOXLE vs. XOPXLE vs. XLUXLE vs. XLKXLE vs. IXCXLE vs. FENY

Return for Risk

BDYN vs. XLE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BDYN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XLE
XLE Risk / Return Rank: 6161
Overall Rank
XLE Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XLE Sortino Ratio Rank: 6262
Sortino Ratio Rank
XLE Omega Ratio Rank: 5959
Omega Ratio Rank
XLE Calmar Ratio Rank: 6464
Calmar Ratio Rank
XLE Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDYN vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dynamic Equity Active ETF (BDYN) 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.

BDYNXLEDifference
Sharpe ratioReturn per unit of total volatility

—

1.82

—

Sortino ratioReturn per unit of downside risk

—

2.38

—

Omega ratioGain probability vs. loss probability

—

1.30

—

Calmar ratioReturn relative to maximum drawdown

—

2.56

—

Martin ratioReturn relative to average drawdown

—

6.80

—

BDYN vs. XLE - Sharpe Ratio Comparison

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Drawdowns

BDYN vs. XLE - Drawdown Comparison

The maximum BDYN drawdown since its inception was -10.85%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BDYN and XLE.

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Drawdown Indicators

BDYNXLEDifference

Max Drawdown

Largest peak-to-trough decline

-10.85%

-71.26%

+60.41%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.98%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.14%

—

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

0.00%

-7.73%

+7.73%

Average Drawdown

Average peak-to-trough decline

-1.75%

-17.93%

+16.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.64%

—

Volatility

BDYN vs. XLE - Volatility Comparison

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Volatility by Period

BDYNXLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.16%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.48%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.91%

21.12%

-6.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.91%

25.76%

-10.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.91%

29.58%

-14.67%

BDYN vs. XLE - Expense Ratio Comparison

BDYN has a 0.40% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

BDYN vs. XLE - Dividend Comparison

BDYN's dividend yield for the trailing twelve months is around 1.97%, less than XLE's 2.65% yield.

PositionTTM20252024202320222021202020192018201720162015
BDYN
iShares Dynamic Equity Active ETF		1.97%2.18%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		2.65%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

BDYN and XLE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLE is cheaper with a 0.08% expense ratio, compared with 0.40% for BDYN.

XLE has the higher dividend yield at 2.65%, compared with 1.97% for BDYN.

BDYN is categorized as Global Equities, while XLE is Energy Equities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for BDYN and 0.08% for XLE.

Portfolio Optimizer

Find the right allocation for BDYN and XLE

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