BME vs. XLE
BME (BlackRock Health Sciences 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, BME returned 8.88%/yr vs 10.52%/yr for XLE. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
BME vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, BME achieves a 10.59% return, which is significantly lower than XLE's 35.03% return. Over the past 10 years, BME has underperformed XLE with an annualized return of 8.88%, while XLE has yielded a comparatively higher 10.52% annualized return.
BME
- 1D
- -0.09%
- 1M
- 0.25%
- 6M
- 7.95%
- YTD
- 10.59%
- 1Y
- 32.41%
- 3Y*
- 10.67%
- 5Y*
- 4.55%
- 10Y*
- 8.88%
- ALL TIME*
- 11.23%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.10M | $1.96M | $1.99M | |
| $1.70B | $1.73B | $1.97B |
BME vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BME BlackRock Health Sciences Trust | 10.59% | 17.87% | -0.08% | -1.08% | -4.62% | 7.25% | 18.64% | 24.04% | 6.38% | 23.10% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between BME and XLE is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2005 | 0.27 |
The correlation between BME and XLE shifts across timeframes, from -0.12 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BME vs. XLE — Risk / Return Rank
BME
XLE
BME vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust (BME) 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.
| BME | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.32 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.74 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.00 | 7.32 | +1.68 |
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Drawdowns
BME vs. XLE - Drawdown Comparison
The maximum BME drawdown since its inception was -42.03%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BME and XLE.
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Drawdown Indicators
| BME | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.03% | -71.26% | +29.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -14.98% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -20.14% | +5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.26% | -26.04% | +7.78% |
Max Drawdown (10Y)Largest decline over 10 years | -36.65% | -66.81% | +30.16% |
Current DrawdownCurrent decline from peak | -1.25% | -4.13% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -17.93% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 5.62% | -2.00% |
Volatility
BME vs. XLE - Volatility Comparison
The current volatility for BlackRock Health Sciences Trust (BME) is 3.74%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.85%. This indicates that BME 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
| BME | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 5.85% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 16.71% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 21.05% | -7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 25.77% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 29.57% | -9.75% |
Dividends
BME vs. XLE - Dividend Comparison
BME's dividend yield for the trailing twelve months is around 7.23%, more than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BME BlackRock Health Sciences Trust | 7.23% | 7.65% | 6.87% | 6.32% | 5.87% | 5.03% | 5.04% | 5.65% | 6.58% | 6.58% | 9.45% | 17.04% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 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
BME and XLE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (5.85%) compared to BME (3.74%). In terms of maximum drawdown, BME dropped -42.03% vs XLE's -71.26%.
BME currently has the higher Sharpe Ratio (2.50 vs 1.95), 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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