EIPX vs. XLE

Last updated Jun 4, 2026

EIPX (FT Energy Income Partners Strategy ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both Energy Equities funds. EIPX is actively managed, while XLE is passively managed. Over the past 3 years, EIPX returned 21.12%/yr vs 17.46%/yr for XLE. Their correlation of 0.85 suggests significant overlap in exposure. EIPX charges 0.95%/yr vs 0.08%/yr for XLE.

Performance

EIPX vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) 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, EIPX achieves a 21.96% return, which is significantly lower than XLE's 32.17% return.

EIPX

• 1D: 0.19%
• 1M: -2.12%
• YTD: 21.96%
• 6M: 19.46%
• 1Y: 30.04%
• 3Y*: 21.12%
• 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)

EIPX vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	21.96%	11.44%	19.11%	10.74%	0.56%
XLE State Street Energy Select Sector SPDR ETF	32.17%	7.88%	5.56%	-0.63%	-2.16%

Correlation

The correlation between EIPX and XLE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.85

The correlation between EIPX and XLE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

EIPX vs. XLE - Sectors Allocation Comparison

Sectors	EIPX	XLE
Energy	69.5%	100.0%
Utilities	26.1%	-
Industrials	4.2%	-
Technology	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

EIPX vs. XLE — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 86
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 85
EIPX Omega Ratio Rank: 77
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 89

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.

EIPX vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	XLE	Difference
Sharpe ratio Return per unit of total volatility	2.71	2.21	+0.51
Sortino ratio Return per unit of downside risk	3.82	2.84	+0.98
Omega ratio Gain probability vs. loss probability	1.46	1.35	+0.11
Calmar ratio Return relative to maximum drawdown	7.32	3.75	+3.57
Martin ratio Return relative to average drawdown	20.31	10.92	+9.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIPX vs. XLE - Sharpe Ratio Comparison

The current EIPX Sharpe Ratio is 2.71, which is comparable to the XLE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of EIPX 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.

Sharpe Ratios by Period

	EIPX	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	2.21	+0.51
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	1.20	0.31	+0.89

Drawdowns

EIPX vs. XLE - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for EIPX and XLE.

Drawdown Indicators

	EIPX	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-71.26%	+55.83%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	-12.05%	+7.93%
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	-20.14%	+4.71%
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	-2.58%	-6.15%	+3.57%
Average Drawdown Average peak-to-trough decline	-2.27%	-17.98%	+15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	4.14%	-2.65%

Volatility

EIPX vs. XLE - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 4.01%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.25%. This indicates that EIPX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPX	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	8.25%	-4.24%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	16.58%	-8.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	20.53%	-9.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	26.02%	-10.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	29.59%	-14.53%

EIPX vs. XLE - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

EIPX vs. XLE - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.68%, more than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPX FT Energy Income Partners Strategy ETF	2.68%	3.23%	3.27%	3.48%	0.34%	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 EIPX and XLE in my portfolio?

EIPX and XLE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPX or XLE?

XLE has higher volatility (8.25%) compared to EIPX (4.01%). In terms of maximum drawdown, EIPX dropped -15.43% vs XLE's -71.26%.

Which ETF is better, EIPX or XLE?

On 3-year performance, EIPX leads with 21.12% vs 17.46% for XLE. On fees, XLE is cheaper at 0.08% per year. On volatility, EIPX has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIPX or XLE?

Over the 3-year period, EIPX has performed better with a 21.12% return vs 17.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPX or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, EIPX or XLE?

EIPX has the higher dividend yield at 2.68%, compared with 2.54% for XLE.

What is the main difference between EIPX and XLE?

They also come from different issuers: First Trust and State Street. Their fees differ too: 0.95% for EIPX and 0.08% for XLE.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.71 vs 2.21), 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.