BKR vs. XLE
Compare and contrast key facts about Baker Hughes Company (BKR) 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: BKR or XLE.
Key characteristics
BKR | XLE | |
---|---|---|
YTD Return | -2.48% | 12.30% |
1Y Return | 23.06% | 19.62% |
3Y Return (Ann) | 17.10% | 27.89% |
5Y Return (Ann) | 6.87% | 12.53% |
10Y Return (Ann) | -0.82% | 4.42% |
Sharpe Ratio | 1.00 | 1.08 |
Daily Std Dev | 24.44% | 19.87% |
Max Drawdown | -83.58% | -71.54% |
Current Drawdown | -34.19% | 0.00% |
Correlation
The correlation between BKR and XLE is 0.77, 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
BKR vs. XLE - Performance Comparison
In the year-to-date period, BKR achieves a -2.48% return, which is significantly lower than XLE's 12.30% return. Over the past 10 years, BKR has underperformed XLE with an annualized return of -0.82%, while XLE has yielded a comparatively higher 4.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
BKR vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baker Hughes Company (BKR) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Baker Hughes Company | 1.00 | ||||
Energy Select Sector SPDR Fund | 1.08 |
Dividends
BKR vs. XLE - Dividend Comparison
BKR's dividend yield for the trailing twelve months is around 2.42%, less than XLE's 3.12% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Baker Hughes Company | 2.42% | 2.28% | 2.47% | 2.99% | 3.45% | 2.81% | 3.35% | 57.49% | 1.05% | 1.47% | 1.14% | 1.09% |
Energy Select Sector SPDR Fund | 3.12% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
BKR vs. XLE - Drawdown Comparison
The maximum BKR drawdown since its inception was -83.58%, which is greater than XLE's maximum drawdown of -71.54%. The drawdown chart below compares losses from any high point along the way for BKR and XLE
Volatility
BKR vs. XLE - Volatility Comparison
Baker Hughes Company (BKR) has a higher volatility of 5.49% compared to Energy Select Sector SPDR Fund (XLE) at 3.09%. This indicates that BKR'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.