BNE vs. XLE
Compare and contrast key facts about Blue Horizon BNE ETF (BNE) and Energy Select Sector SPDR Fund (XLE).
BNE and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNE is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Blue Horizon New Energy Economy 100 Index - Benchmark TR Net. It was launched on Dec 8, 2020. 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. Both BNE and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNE or XLE.
Key characteristics
| BNE | XLE |
|---|
Correlation
The correlation between BNE and XLE is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BNE vs. XLE - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNE vs. XLE - Expense Ratio Comparison
BNE has a 0.87% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
BNE vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Horizon BNE ETF (BNE) 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.
Dividends
BNE vs. XLE - Dividend Comparison
BNE has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.30%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNE Blue Horizon BNE ETF | 1.02% | 0.99% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.30% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
BNE vs. XLE - Drawdown Comparison
Volatility
BNE vs. XLE - Volatility Comparison
The current volatility for Blue Horizon BNE ETF (BNE) is 0.00%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.26%. This indicates that BNE 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.