CRC vs. XLE

Last updated Aug 5, 2026

CRC (California Resources Corporation) 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, CRC returned 16.66%/yr vs 23.40%/yr for XLE. Their 0.63 correlation means they have sometimes moved together and sometimes differently.

Performance

CRC vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in California Resources Corporation (CRC) 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, CRC achieves a 18.94% return, which is significantly lower than XLE's 32.69% return.

CRC

• 1D: 0.65%
• 1M: 2.38%
• 6M: -1.96%
• YTD: 18.94%
• 1Y: 14.55%
• 3Y*: 2.19%
• 5Y*: 16.66%
• 10Y*: —
• ALL TIME*: 20.78%

XLE

• 1D: -0.46%
• 1M: 9.96%
• 6M: 14.82%
• YTD: 32.69%
• 1Y: 41.32%
• 3Y*: 14.02%
• 5Y*: 23.40%
• 10Y*: 10.03%
• ALL TIME*: 8.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRC California Resources Corporation	$39.54M	$37.44M	$45.57M
XLE State Street Energy Select Sector SPDR ETF	$1.80B	$1.75B	$1.95B

CRC vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRC California Resources Corporation	18.94%	-10.78%	-2.57%	28.85%	3.69%	81.82%	18.25%
XLE State Street Energy Select Sector SPDR ETF	32.69%	7.88%	5.56%	-0.63%	64.32%	53.28%	32.80%

Correlation

The correlation between CRC and XLE is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020	0.63

The correlation between CRC and XLE has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

CRC vs. XLE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRC

CRC Risk / Return Rank: 54
CRC Sharpe Ratio Rank: 58
CRC Sortino Ratio Rank: 51
CRC Omega Ratio Rank: 52
CRC Calmar Ratio Rank: 55
CRC Martin Ratio Rank: 55

XLE

XLE Risk / Return Rank: 69
XLE Sharpe Ratio Rank: 77
XLE Sortino Ratio Rank: 71
XLE Omega Ratio Rank: 68
XLE Calmar Ratio Rank: 71
XLE Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRC vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for California Resources Corporation (CRC) 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.

	CRC	XLE	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.98	-1.56
Sortino ratio: Return per unit of downside risk	0.76	2.56	-1.80
Omega ratio: Gain probability vs. loss probability	1.10	1.32	-0.22
Calmar ratio: Return relative to maximum drawdown	0.50	2.77	-2.27
Martin ratio: Return relative to average drawdown	1.00	7.38	-6.38

CRC vs. XLE - Sharpe Ratio Comparison

The current CRC Sharpe Ratio is 0.42, which is lower than the XLE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of CRC 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

CRC vs. XLE - Drawdown Comparison

The maximum CRC drawdown since its inception was -44.75%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for CRC and XLE.

Drawdown Indicators

	CRC	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-44.75%	-71.26%	+26.51%
Max Drawdown (1Y) Largest decline over 1 year	-29.23%	-14.98%	-14.25%
Max Drawdown (3Y) Largest decline over 3 years	-44.75%	-20.14%	-24.61%
Max Drawdown (5Y) Largest decline over 5 years	-44.75%	-26.04%	-18.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-24.67%	-5.78%	-18.89%
Average Drawdown Average peak-to-trough decline	-12.23%	-17.93%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.58%	5.62%	+8.96%

Volatility

CRC vs. XLE - Volatility Comparison

California Resources Corporation (CRC) has a higher volatility of 9.20% compared to State Street Energy Select Sector SPDR ETF (XLE) at 6.17%. This indicates that CRC'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

	CRC	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	6.17%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	26.95%	16.62%	+10.33%
Volatility (1Y) Calculated over the trailing 1-year period	35.15%	21.00%	+14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.95%	25.74%	+14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.41%	29.57%	+14.84%

Dividends

CRC vs. XLE - Dividend Comparison

CRC's dividend yield for the trailing twelve months is around 3.05%, more than XLE's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRC California Resources Corporation	3.05%	3.51%	2.69%	2.12%	1.82%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.59%	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 CRC and XLE in my portfolio?

CRC and XLE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRC or XLE?

CRC has higher volatility (9.20%) compared to XLE (6.17%). In terms of maximum drawdown, CRC dropped -44.75% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.98 vs 0.42), 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.