GCC vs. XLE
GCC (WisdomTree Enhanced Commodity Strategy Fund) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - GCC is a Commodities fund actively managed by WisdomTree, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. GCC is actively managed, while XLE is passively managed. Over the past 10 years, GCC returned 5.86%/yr vs 9.37%/yr for XLE. A 0.51 correlation means they provide meaningful diversification when combined. GCC charges 0.55%/yr vs 0.08%/yr for XLE.
Performance
GCC vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, GCC achieves a 8.13% return, which is significantly lower than XLE's 23.49% return. Over the past 10 years, GCC has underperformed XLE with an annualized return of 5.86%, while XLE has yielded a comparatively higher 9.37% annualized return.
GCC
- 1D
- -1.29%
- 1M
- -9.68%
- YTD
- 8.13%
- 6M
- 6.82%
- 1Y
- 21.66%
- 3Y*
- 14.89%
- 5Y*
- 10.21%
- 10Y*
- 5.86%
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%
GCC vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 8.13% | 20.01% | 15.13% | -3.72% | 7.74% | 19.96% | 1.38% | 7.07% | -8.69% | -0.57% |
XLE State Street Energy Select Sector SPDR ETF | 23.49% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between GCC and XLE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2008 | 0.51 |
The correlation between GCC and XLE shifts across timeframes, from 0.42 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GCC vs. XLE — Risk / Return Rank
GCC
XLE
GCC vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) 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.
| GCC | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.18 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.99 | 6.53 | -0.54 |
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Drawdowns
GCC vs. XLE - Drawdown Comparison
The maximum GCC drawdown since its inception was -63.19%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for GCC and XLE.
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Drawdown Indicators
| GCC | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.19% | -71.26% | +8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -14.05% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -20.14% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -26.04% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | -66.81% | +34.14% |
Current DrawdownCurrent decline from peak | -13.67% | -12.32% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -34.83% | -17.96% | -16.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.69% | -1.06% |
Volatility
GCC vs. XLE - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity Strategy Fund (GCC) is 4.06%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.12%. This indicates that GCC 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
| GCC | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 7.12% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 16.82% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 20.93% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 25.98% | -9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 29.60% | -14.81% |
GCC vs. XLE - Expense Ratio Comparison
GCC has a 0.55% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
GCC vs. XLE - Dividend Comparison
GCC's dividend yield for the trailing twelve months is around 6.14%, more than XLE's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 6.14% | 6.64% | 3.51% | 3.68% | 22.49% | 9.76% | 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
GCC and XLE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.12%) compared to GCC (4.06%). In terms of maximum drawdown, GCC dropped -63.19% vs XLE's -71.26%.
On 10-year performance, XLE leads with 9.37% vs 5.86% for GCC. On fees, XLE is cheaper at 0.08% per year. On volatility, GCC has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLE has performed better with a 9.37% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.55% for GCC.
GCC has the higher dividend yield at 6.14%, compared with 2.79% for XLE.
GCC is categorized as Commodities, while XLE is Energy Equities. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.55% for GCC and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.48 vs 1.27), 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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