CATF vs. XLEI

Last updated Jun 4, 2026

CATF (American Century California Municipal Bond ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - CATF is a Municipal Bonds fund actively managed by American Century, while XLEI is a Energy Equities fund tracking the S&P Energy Select Sector. CATF is actively managed, while XLEI is passively managed. At a correlation of -0.15, they often move in opposite directions. CATF charges 0.27%/yr vs 0.35%/yr for XLEI.

Performance

CATF vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century California Municipal Bond ETF (CATF) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CATF achieves a 1.92% return, which is significantly lower than XLEI's 20.42% return.

CATF

• 1D: -0.15%
• 1M: 0.55%
• YTD: 1.92%
• 6M: 1.99%
• 1Y: 7.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CATF vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
CATF American Century California Municipal Bond ETF	1.92%	5.23%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

Correlation

The correlation between CATF and XLEI is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	-0.15

Return for Risk

CATF vs. XLEI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CATF

CATF Risk / Return Rank: 74
CATF Sharpe Ratio Rank: 79
CATF Sortino Ratio Rank: 87
CATF Omega Ratio Rank: 87
CATF Calmar Ratio Rank: 59
CATF Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CATF vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century California Municipal Bond ETF (CATF) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

	CATF	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	2.55	—	—
Sortino ratio: Return per unit of downside risk	3.89	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	10.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CATF	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	2.65	-1.86

Drawdowns

CATF vs. XLEI - Drawdown Comparison

The maximum CATF drawdown since its inception was -4.83%, smaller than the maximum XLEI drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for CATF and XLEI.

Drawdown Indicators

	CATF	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-7.98%	+3.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Current Drawdown Current decline from peak	-0.58%	-0.97%	+0.39%
Average Drawdown Average peak-to-trough decline	-1.27%	-1.52%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	CATF	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	13.16%	-10.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	13.16%	-8.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.33%	13.16%	-8.83%

CATF vs. XLEI - Expense Ratio Comparison

CATF has a 0.27% expense ratio, which is lower than XLEI's 0.35% expense ratio.

Dividends

CATF vs. XLEI - Dividend Comparison

CATF's dividend yield for the trailing twelve months is around 3.22%, less than XLEI's 16.59% yield.

Position	TTM	2025	2024
CATF American Century California Municipal Bond ETF	3.22%	3.40%	1.32%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%	0.00%

Frequently Asked Questions

Can I hold both CATF and XLEI in my portfolio?

CATF and XLEI have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CATF or XLEI?

On fees, CATF is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CATF or XLEI?

CATF is cheaper with a 0.27% expense ratio, compared with 0.35% for XLEI.

Which ETF pays a higher dividend yield, CATF or XLEI?

XLEI has the higher dividend yield at 16.59%, compared with 3.22% for CATF.

What is the main difference between CATF and XLEI?

CATF is categorized as Municipal Bonds, while XLEI is Energy Equities. They also come from different issuers: American Century and State Street. Their fees differ too: 0.27% for CATF and 0.35% for XLEI.