CHX vs. XLE

Last updated Jun 4, 2026

CHX (ChampionX Corporation) is a stock, while XLE (State Street Energy Select Sector SPDR ETF) is Energy Equities fund tracking the Energy Select Sector Index. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

CHX vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ChampionX Corporation (CHX) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLE

• 1D: 1.29%
• 1M: -1.14%
• YTD: 32.17%
• 6M: 29.80%
• 1Y: 45.00%
• 3Y*: 17.46%
• 5Y*: 20.44%
• 10Y*: 10.22%

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

CHX vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CHX ChampionX Corporation	0.00%	-4.07%	-5.87%	1.87%	44.94%	32.09%	-54.71%	24.74%	-28.74%
XLE State Street Energy Select Sector SPDR ETF	32.17%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-20.51%

Correlation

The correlation between CHX and XLE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018	0.69

Over the past year, the correlation between CHX and XLE has dropped to 0.27 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

CHX vs. XLE — Risk / Return Rank

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

XLE

XLE Risk / Return Rank: 63
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 56
XLE Calmar Ratio Rank: 73
XLE Martin Ratio Rank: 60

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.

CHX vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ChampionX Corporation (CHX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CHX	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Drawdowns

Drawdown Indicators

	CHX	XLE	Difference
Max Drawdown Largest peak-to-trough decline	—	-71.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	—	-6.15%	—
Average Drawdown Average peak-to-trough decline	—	-17.98%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.14%	—

Volatility

Volatility by Period

	CHX	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	29.59%	—

Dividends

CHX vs. XLE - Dividend Comparison

CHX's dividend yield for the trailing twelve months is around 0.37%, less than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHX ChampionX Corporation	0.37%	1.10%	1.36%	1.13%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.54%	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

Can I hold both CHX and XLE in my portfolio?

CHX and XLE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.