GEV vs. XLE
GEV (GE Vernova Inc.) 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 year, GEV returned 93.31% vs 37.19% for XLE. At a 0.11 correlation, their price movements are largely independent.
Performance
GEV vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, GEV achieves a 44.12% return, which is significantly higher than XLE's 29.56% return.
GEV
- 1D
- 3.74%
- 1M
- -11.47%
- YTD
- 44.12%
- 6M
- 40.23%
- 1Y
- 93.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
GEV vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GEV GE Vernova Inc. | 44.12% | 99.02% | 186.24% |
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | -5.13% |
Correlation
The correlation between GEV and XLE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.11 |
The correlation between GEV and XLE shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GEV vs. XLE — Risk / Return Rank
GEV
XLE
GEV vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GE Vernova Inc. (GEV) 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.
| GEV | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 3.10 | +0.72 |
| Martin ratioReturn relative to average drawdown | 11.27 | 8.63 | +2.64 |
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Drawdowns
GEV vs. XLE - Drawdown Comparison
The maximum GEV drawdown since its inception was -38.29%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for GEV and XLE.
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Drawdown Indicators
| GEV | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -71.26% | +32.97% |
Max Drawdown (1Y)Largest decline over 1 year | -24.57% | -12.05% | -12.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -18.17% | -8.01% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -17.97% | +10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 4.32% | +3.99% |
Volatility
GEV vs. XLE - Volatility Comparison
GE Vernova Inc. (GEV) has a higher volatility of 13.17% compared to State Street Energy Select Sector SPDR ETF (XLE) at 7.26%. This indicates that GEV'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
| GEV | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.17% | 7.26% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 16.79% | +17.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.09% | 20.57% | +28.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.62% | 26.05% | +27.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.62% | 29.58% | +24.04% |
Dividends
GEV vs. XLE - Dividend Comparison
GEV's dividend yield for the trailing twelve months is around 0.16%, less than XLE's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEV GE Vernova Inc. | 0.16% | 0.11% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GEV and XLE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEV has higher volatility (13.17%) compared to XLE (7.26%). In terms of maximum drawdown, GEV dropped -38.29% vs XLE's -71.26%.
GEV currently has the higher Sharpe Ratio (1.91 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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