CPNG vs. XLE

Last updated Jul 17, 2026

CPNG (Coupang, Inc.) is a stock, while XLE (State Street Energy Select Sector SPDR ETF) is Energy Equities fund tracking the Energy Select Sector Index. Over the past 5 years, CPNG returned -15.95%/yr vs 22.95%/yr for XLE. At a 0.09 correlation, their price movements are largely independent.

Performance

CPNG vs. XLE - Performance Comparison

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

Returns By Period

In the year-to-date period, CPNG achieves a -28.53% return, which is significantly lower than XLE's 29.29% return.

CPNG

• 1D: -3.21%
• 1M: -6.49%
• 6M: -20.66%
• YTD: -28.53%
• 1Y: -46.00%
• 3Y*: -2.01%
• 5Y*: -15.95%
• 10Y*: —

XLE

• 1D: 0.92%
• 1M: 3.74%
• 6M: 21.42%
• YTD: 29.29%
• 1Y: 36.53%
• 3Y*: 15.59%
• 5Y*: 22.95%
• 10Y*: 9.47%

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

CPNG vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CPNG Coupang, Inc.	-28.53%	7.32%	35.76%	10.06%	-49.93%	-53.73%
XLE State Street Energy Select Sector SPDR ETF	29.29%	7.88%	5.56%	-0.63%	64.32%	8.71%

Correlation

The correlation between CPNG and XLE is -0.17, 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 (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 11, 2021	0.09

The correlation between CPNG and XLE shifts across timeframes, from -0.17 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CPNG vs. XLE — Risk / Return Rank

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

CPNG

CPNG Risk / Return Rank: 8
CPNG Sharpe Ratio Rank: 5
CPNG Sortino Ratio Rank: 7
CPNG Omega Ratio Rank: 7
CPNG Calmar Ratio Rank: 10
CPNG Martin Ratio Rank: 9

XLE

XLE Risk / Return Rank: 59
XLE Sharpe Ratio Rank: 67
XLE Sortino Ratio Rank: 61
XLE Omega Ratio Rank: 57
XLE Calmar Ratio Rank: 61
XLE Martin Ratio Rank: 49

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.

CPNG vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coupang, Inc. (CPNG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CPNG	XLE	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	1.75	-2.76
Sortino ratio: Return per unit of downside risk	-1.50	2.32	-3.82
Omega ratio: Gain probability vs. loss probability	0.81	1.29	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.84	2.45	-3.29
Martin ratio: Return relative to average drawdown	-1.36	6.58	-7.94

CPNG vs. XLE - Sharpe Ratio Comparison

The current CPNG Sharpe Ratio is -1.01, which is lower than the XLE Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of CPNG and XLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPNG vs. XLE - Drawdown Comparison

The maximum CPNG drawdown since its inception was -85.28%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for CPNG and XLE.

Drawdown Indicators

	CPNG	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-85.28%	-71.26%	-14.02%
Max Drawdown (1Y) Largest decline over 1 year	-54.91%	-14.98%	-39.93%
Max Drawdown (3Y) Largest decline over 3 years	-54.91%	-20.14%	-34.77%
Max Drawdown (5Y) Largest decline over 5 years	-76.74%	-26.04%	-50.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-73.45%	-8.20%	-65.25%
Average Drawdown Average peak-to-trough decline	-64.32%	-17.95%	-46.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.76%	5.57%	+28.19%

Volatility

CPNG vs. XLE - Volatility Comparison

Coupang, Inc. (CPNG) has a higher volatility of 14.62% compared to State Street Energy Select Sector SPDR ETF (XLE) at 6.10%. This indicates that CPNG'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.

Volatility by Period

	CPNG	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.62%	6.10%	+8.52%
Volatility (6M) Calculated over the trailing 6-month period	40.31%	16.65%	+23.66%
Volatility (1Y) Calculated over the trailing 1-year period	45.89%	20.96%	+24.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.48%	25.87%	+26.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.66%	29.58%	+24.08%

Dividends

CPNG vs. XLE - Dividend Comparison

CPNG has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPNG Coupang, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.66%	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 CPNG and XLE in my portfolio?

CPNG and XLE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPNG or XLE?

CPNG has higher volatility (14.62%) compared to XLE (6.10%). In terms of maximum drawdown, CPNG dropped -85.28% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.75 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.