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 | |
|---|---|---|
| YTD Return | -1.47% | 11.30% |
| 1Y Return | -4.11% | 22.61% |
| 3Y Return (Ann) | -5.20% | 27.22% |
| Sharpe Ratio | -0.21 | 1.14 |
| Daily Std Dev | 20.89% | 18.66% |
| Max Drawdown | -41.84% | -71.54% |
| Current Drawdown | -31.86% | -5.62% |
Correlation
The correlation between BNE and XLE is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNE vs. XLE - Performance Comparison
In the year-to-date period, BNE achieves a -1.47% return, which is significantly lower than XLE's 11.30% return. 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's dividend yield for the trailing twelve months is around 1.01%, less than XLE's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNE Blue Horizon BNE ETF | 1.01% | 0.99% | 0.28% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.15% | 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
The maximum BNE drawdown since its inception was -41.84%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for BNE and XLE. For additional features, visit the drawdowns tool.
Volatility
BNE vs. XLE - Volatility Comparison
Blue Horizon BNE ETF (BNE) has a higher volatility of 5.54% compared to Energy Select Sector SPDR Fund (XLE) at 4.68%. This indicates that BNE'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.