CRC vs. XLE
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 12.64%/yr vs 18.87%/yr for XLE. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
CRC vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, CRC achieves a 19.89% return, which is significantly lower than XLE's 23.49% return.
CRC
- 1D
- -3.48%
- 1M
- -14.16%
- YTD
- 19.89%
- 6M
- 21.88%
- 1Y
- 17.58%
- 3Y*
- 10.69%
- 5Y*
- 12.64%
- 10Y*
- —
XLE
- 1D
- 0.74%
- 1M
- -7.80%
- YTD
- 23.49%
- 6M
- 24.07%
- 1Y
- 30.55%
- 3Y*
- 15.73%
- 5Y*
- 18.87%
- 10Y*
- 9.37%
CRC vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRC California Resources Corporation | 19.89% | -10.78% | -2.57% | 28.85% | 3.69% | 81.82% | 18.25% |
XLE State Street Energy Select Sector SPDR ETF | 23.49% | 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 share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
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 0.68 - a consistent structural relationship.
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Return for Risk
CRC vs. XLE — Risk / Return Rank
CRC
XLE
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 ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.18 | -1.45 |
| Martin ratioReturn relative to average drawdown | 1.47 | 6.53 | -5.06 |
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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.
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Drawdown Indicators
| CRC | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -71.26% | +26.51% |
Max Drawdown (1Y)Largest decline over 1 year | -24.06% | -14.05% | -10.01% |
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 DrawdownCurrent decline from peak | -24.06% | -12.32% | -11.74% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -17.96% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 4.69% | +7.32% |
Volatility
CRC vs. XLE - Volatility Comparison
California Resources Corporation (CRC) has a higher volatility of 10.69% compared to State Street Energy Select Sector SPDR ETF (XLE) at 7.12%. 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.
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Volatility by Period
| CRC | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 7.12% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 27.43% | 16.82% | +10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 20.93% | +14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.47% | 25.98% | +14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.67% | 29.60% | +15.07% |
Dividends
CRC vs. XLE - Dividend Comparison
CRC's dividend yield for the trailing twelve months is around 3.03%, more than XLE's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRC California Resources Corporation | 3.03% | 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 | 2.79% | 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
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.
CRC has higher volatility (10.69%) compared to XLE (7.12%). In terms of maximum drawdown, CRC dropped -44.75% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.48 vs 0.49), 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.
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