HAP vs. XLEI

Last updated Jun 4, 2026

HAP (VanEck Natural Resources ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - HAP tracks the MarketVector Global Natural Resources Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. HAP charges 0.42%/yr vs 0.35%/yr for XLEI.

Performance

HAP vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Natural Resources ETF (HAP) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HAP having a 21.49% return and XLEI slightly lower at 20.42%.

HAP

• 1D: -0.36%
• 1M: 0.64%
• YTD: 21.49%
• 6M: 23.70%
• 1Y: 46.66%
• 3Y*: 18.93%
• 5Y*: 11.51%
• 10Y*: 11.99%

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HAP vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
HAP VanEck Natural Resources ETF	21.49%	17.02%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

Correlation

The correlation between HAP and XLEI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.46

HAP vs. XLEI - Sectors Allocation Comparison

Sectors	HAP	XLEI
Basic Materials	36.7%	-
Energy	32.3%	-
Industrials	10.2%	-
Utilities	9.8%	-
Consumer Defensive	6.5%	-
Healthcare	2.8%	-
Technology	0.9%	-
Real Estate	0.4%	-
Consumer Cyclical	0.2%	-
Communication Services	-	-
Financial Services	-	100.3%

Return for Risk

HAP vs. XLEI — Risk / Return Rank

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

HAP

HAP Risk / Return Rank: 89
HAP Sharpe Ratio Rank: 90
HAP Sortino Ratio Rank: 87
HAP Omega Ratio Rank: 88
HAP Calmar Ratio Rank: 90
HAP Martin Ratio Rank: 92

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.

HAP vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Natural Resources ETF (HAP) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

	HAP	XLEI	Difference
Sharpe ratio Return per unit of total volatility	3.14	—	—
Sortino ratio Return per unit of downside risk	4.01	—	—
Omega ratio Gain probability vs. loss probability	1.56	—	—
Calmar ratio Return relative to maximum drawdown	5.65	—	—
Martin ratio Return relative to average drawdown	23.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HAP	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	2.65	-2.39

Drawdowns

HAP vs. XLEI - Drawdown Comparison

The maximum HAP drawdown since its inception was -50.73%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for HAP and XLEI.

Drawdown Indicators

	HAP	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-50.73%	-7.98%	-42.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	—	—
Current Drawdown Current decline from peak	-1.95%	-0.97%	-0.98%
Average Drawdown Average peak-to-trough decline	-12.03%	-1.52%	-10.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	—	—

Volatility

Volatility by Period

	HAP	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	13.16%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	13.16%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	13.16%	+6.58%

HAP vs. XLEI - Expense Ratio Comparison

HAP has a 0.42% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

HAP vs. XLEI - Dividend Comparison

HAP's dividend yield for the trailing twelve months is around 1.87%, less than XLEI's 16.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAP VanEck Natural Resources ETF	1.87%	2.27%	2.65%	3.27%	3.28%	2.16%	2.45%	2.80%	2.85%	2.02%	1.99%	3.00%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HAP and XLEI in my portfolio?

HAP and XLEI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HAP or XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HAP or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.42% for HAP.

Which ETF pays a higher dividend yield, HAP or XLEI?

XLEI has the higher dividend yield at 16.59%, compared with 1.87% for HAP.

What is the main difference between HAP and XLEI?

HAP tracks MarketVector Global Natural Resources Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.42% for HAP and 0.35% for XLEI.