FISR vs. XLE

Last updated Jun 4, 2026

FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - FISR is a Intermediate Core-Plus Bond fund actively managed by State Street, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. FISR is actively managed, while XLE is passively managed. Over the past 5 years, FISR returned -0.78%/yr vs 20.44%/yr for XLE. At a correlation of -0.09, they often move in opposite directions. FISR charges 0.50%/yr vs 0.08%/yr for XLE.

Performance

FISR vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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, FISR achieves a -0.13% return, which is significantly lower than XLE's 32.17% return.

FISR

• 1D: -0.39%
• 1M: 0.21%
• YTD: -0.13%
• 6M: -0.33%
• 1Y: 4.75%
• 3Y*: 3.27%
• 5Y*: -0.78%
• 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)

FISR vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FISR SPDR SSGA Fixed Income Sector Rotation ETF	-0.13%	6.32%	1.01%	5.28%	-15.73%	-1.70%	5.86%	6.81%
XLE State Street Energy Select Sector SPDR ETF	32.17%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	-3.50%

Correlation

The correlation between FISR 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	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019	-0.09

The correlation between FISR and XLE shifts across timeframes, from -0.25 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.

FISR vs. XLE - Sectors Allocation Comparison

Sectors	FISR	XLE
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

FISR vs. XLE — Risk / Return Rank

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

FISR

FISR Risk / Return Rank: 30
FISR Sharpe Ratio Rank: 30
FISR Sortino Ratio Rank: 30
FISR Omega Ratio Rank: 28
FISR Calmar Ratio Rank: 32
FISR Martin Ratio Rank: 31

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.

FISR vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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.

	FISR	XLE	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.21	-1.11
Sortino ratio: Return per unit of downside risk	1.62	2.84	-1.22
Omega ratio: Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio: Return relative to maximum drawdown	1.56	3.75	-2.20
Martin ratio: Return relative to average drawdown	4.53	10.92	-6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISR vs. XLE - Sharpe Ratio Comparison

The current FISR Sharpe Ratio is 1.09, which is lower than the XLE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FISR 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

	FISR	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.21	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.79	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.31	-0.19

Drawdowns

FISR vs. XLE - Drawdown Comparison

The maximum FISR drawdown since its inception was -20.27%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for FISR and XLE.

Drawdown Indicators

	FISR	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-20.27%	-71.26%	+50.99%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-12.05%	+8.99%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-20.14%	+13.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-26.04%	+5.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-6.48%	-6.15%	-0.33%
Average Drawdown Average peak-to-trough decline	-7.70%	-17.98%	+10.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	4.14%	-3.09%

Volatility

FISR vs. XLE - Volatility Comparison

The current volatility for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) is 1.44%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.25%. This indicates that FISR 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

	FISR	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	8.25%	-6.81%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	16.58%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	4.36%	20.53%	-16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	26.02%	-19.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	29.59%	-23.24%

FISR vs. XLE - Expense Ratio Comparison

FISR has a 0.50% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

FISR vs. XLE - Dividend Comparison

FISR's dividend yield for the trailing twelve months is around 4.19%, more than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISR SPDR SSGA Fixed Income Sector Rotation ETF	4.19%	3.97%	3.59%	3.50%	2.19%	1.87%	2.47%	2.99%	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 FISR and XLE in my portfolio?

FISR 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.

Which is riskier, FISR or XLE?

XLE has higher volatility (8.25%) compared to FISR (1.44%). In terms of maximum drawdown, FISR dropped -20.27% vs XLE's -71.26%.

Which ETF is better, FISR or XLE?

On 5-year performance, XLE leads with 20.44% vs -0.78% for FISR. On fees, XLE is cheaper at 0.08% per year. On volatility, FISR has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FISR or XLE?

Over the 5-year period, XLE has performed better with a 20.44% return vs -0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FISR or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.50% for FISR.

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

FISR has the higher dividend yield at 4.19%, compared with 2.54% for XLE.

What is the main difference between FISR and XLE?

FISR is categorized as Intermediate Core-Plus Bond, while XLE is Energy Equities. Their fees differ too: 0.50% for FISR and 0.08% for XLE.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (2.21 vs 1.09), 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.