COP vs. XLE
Compare and contrast key facts about ConocoPhillips Company (COP) and Energy Select Sector SPDR Fund (XLE).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COP or XLE.
Key characteristics
| COP | XLE | |
|---|---|---|
| YTD Return | 12.21% | 15.12% |
| 1Y Return | 31.98% | 18.16% |
| 3Y Return (Ann) | 41.49% | 30.70% |
| 5Y Return (Ann) | 19.83% | 13.04% |
| 10Y Return (Ann) | 9.17% | 4.14% |
| Sharpe Ratio | 1.45 | 0.98 |
| Daily Std Dev | 22.72% | 19.05% |
| Max Drawdown | -70.66% | -71.54% |
| Current Drawdown | -2.46% | -2.39% |
Correlation
The correlation between COP and XLE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COP vs. XLE - Performance Comparison
In the year-to-date period, COP achieves a 12.21% return, which is significantly lower than XLE's 15.12% return. Over the past 10 years, COP has outperformed XLE with an annualized return of 9.17%, while XLE has yielded a comparatively lower 4.14% annualized 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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Risk-Adjusted Performance
COP vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) 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
COP vs. XLE - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.29%, less than XLE's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 2.29% | 3.34% | 4.20% | 2.69% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% | 4.11% | 3.82% |
XLE Energy Select Sector SPDR Fund | 3.05% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
COP vs. XLE - Drawdown Comparison
The maximum COP drawdown since its inception was -70.66%, roughly equal to the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for COP and XLE. For additional features, visit the drawdowns tool.
Volatility
COP vs. XLE - Volatility Comparison
ConocoPhillips Company (COP) and Energy Select Sector SPDR Fund (XLE) have volatilities of 3.60% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.