FCFAX vs. XLE
FCFAX (Frost Credit Fund) and XLE (State Street Energy Select Sector SPDR ETF) are both funds - FCFAX is a Short-Term Bond fund managed by Frost Funds, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Over the past 10 years, FCFAX returned 5.17%/yr vs 9.91%/yr for XLE. At a 0.01 correlation, their price movements are largely independent. FCFAX charges 0.96%/yr vs 0.08%/yr for XLE.
Performance
FCFAX vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, FCFAX achieves a 1.58% return, which is significantly lower than XLE's 29.56% return. Over the past 10 years, FCFAX has underperformed XLE with an annualized return of 5.17%, while XLE has yielded a comparatively higher 9.91% annualized return.
FCFAX
- 1D
- 0.33%
- 1M
- 0.72%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.56%
- 3Y*
- 7.23%
- 5Y*
- 3.79%
- 10Y*
- 5.17%
XLE
- 1D
- 0.75%
- 1M
- -0.14%
- YTD
- 29.56%
- 6M
- 28.37%
- 1Y
- 37.19%
- 3Y*
- 16.18%
- 5Y*
- 20.12%
- 10Y*
- 9.91%
FCFAX vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 1.58% | 5.21% | 8.01% | 11.23% | -7.83% | 5.07% | 6.22% | 6.95% | 0.89% | 7.95% |
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between FCFAX and XLE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.01 |
The correlation between FCFAX and XLE shifts across timeframes, from -0.25 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCFAX vs. XLE — Risk / Return Rank
FCFAX
XLE
FCFAX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frost Credit Fund (FCFAX) 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.
| FCFAX | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.10 | -0.45 |
| Martin ratioReturn relative to average drawdown | 9.89 | 8.63 | +1.25 |
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Drawdowns
FCFAX vs. XLE - Drawdown Comparison
The maximum FCFAX drawdown since its inception was -16.33%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for FCFAX and XLE.
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Drawdown Indicators
| FCFAX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -71.26% | +54.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -12.05% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -20.14% | +17.32% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -26.04% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -16.33% | -66.81% | +50.48% |
Current DrawdownCurrent decline from peak | 0.00% | -8.01% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -17.97% | +16.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 4.32% | -3.83% |
Volatility
FCFAX vs. XLE - Volatility Comparison
The current volatility for Frost Credit Fund (FCFAX) is 0.77%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.26%. This indicates that FCFAX 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.
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Volatility by Period
| FCFAX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 7.26% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 16.79% | -15.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 20.57% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 26.05% | -23.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 29.58% | -26.34% |
FCFAX vs. XLE - Expense Ratio Comparison
FCFAX has a 0.96% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
FCFAX vs. XLE - Dividend Comparison
FCFAX's dividend yield for the trailing twelve months is around 6.15%, more than XLE's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 6.15% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
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
FCFAX and XLE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.26%) compared to FCFAX (0.77%). In terms of maximum drawdown, FCFAX dropped -16.33% vs XLE's -71.26%.
FCFAX currently has the higher Sharpe Ratio (2.13 vs 1.82), 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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