BGR vs. XLE
BGR (BlackRock Energy and Resources Trust) 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, BGR returned 7.72%/yr vs 9.29%/yr for XLE. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
BGR vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, BGR achieves a 13.00% return, which is significantly lower than XLE's 22.58% return. Over the past 10 years, BGR has underperformed XLE with an annualized return of 7.72%, while XLE has yielded a comparatively higher 9.29% annualized return.
BGR
- 1D
- 0.82%
- 1M
- -9.45%
- YTD
- 13.00%
- 6M
- 14.01%
- 1Y
- 18.00%
- 3Y*
- 16.31%
- 5Y*
- 15.45%
- 10Y*
- 7.72%
XLE
- 1D
- 1.26%
- 1M
- -8.47%
- YTD
- 22.58%
- 6M
- 23.97%
- 1Y
- 26.32%
- 3Y*
- 15.44%
- 5Y*
- 18.90%
- 10Y*
- 9.29%
BGR vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGR BlackRock Energy and Resources Trust | 13.00% | 17.34% | 8.07% | 5.73% | 38.90% | 40.25% | -34.78% | 23.32% | -21.21% | 5.18% |
XLE State Street Energy Select Sector SPDR ETF | 22.58% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between BGR and XLE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2004 | 0.82 |
The correlation between BGR and XLE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
BGR vs. XLE — Risk / Return Rank
BGR
XLE
BGR vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy and Resources Trust (BGR) 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.
| BGR | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.88 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.69 | 5.70 | -1.01 |
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Drawdowns
BGR vs. XLE - Drawdown Comparison
The maximum BGR drawdown since its inception was -72.74%, roughly equal to the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BGR and XLE.
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Drawdown Indicators
| BGR | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.74% | -71.26% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -14.05% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -20.14% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -26.04% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -66.16% | -66.81% | +0.65% |
Current DrawdownCurrent decline from peak | -13.68% | -12.96% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -20.22% | -17.97% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 4.66% | -0.79% |
Volatility
BGR vs. XLE - Volatility Comparison
The current volatility for BlackRock Energy and Resources Trust (BGR) is 6.53%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.06%. This indicates that BGR 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
| BGR | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 7.06% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 16.89% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.08% | 20.96% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 25.98% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 29.62% | -2.74% |
Dividends
BGR vs. XLE - Dividend Comparison
BGR's dividend yield for the trailing twelve months is around 7.92%, more than XLE's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGR BlackRock Energy and Resources Trust | 7.92% | 8.62% | 6.66% | 6.22% | 4.62% | 4.75% | 9.26% | 7.84% | 8.91% | 6.57% | 6.90% | 11.93% |
XLE State Street Energy Select Sector SPDR ETF | 3.47% | 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
BGR and XLE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.06%) compared to BGR (6.53%). In terms of maximum drawdown, BGR dropped -72.74% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.26 vs 0.90), 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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