HBM vs. XLE
HBM (Hudbay Minerals 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 10 years, HBM returned 18.99%/yr vs 10.03%/yr for XLE. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
HBM vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, HBM achieves a 24.86% return, which is significantly lower than XLE's 32.69% return. Over the past 10 years, HBM has outperformed XLE with an annualized return of 18.99%, while XLE has yielded a comparatively lower 10.03% annualized return.
HBM
- 1D
- 5.85%
- 1M
- 9.65%
- 6M
- -5.62%
- YTD
- 24.86%
- 1Y
- 168.10%
- 3Y*
- 64.49%
- 5Y*
- 29.92%
- 10Y*
- 18.99%
- ALL TIME*
- 11.32%
XLE
- 1D
- -0.46%
- 1M
- 9.96%
- 6M
- 14.82%
- YTD
- 32.69%
- 1Y
- 41.32%
- 3Y*
- 14.02%
- 5Y*
- 23.40%
- 10Y*
- 10.03%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $116.62M | $108.59M | $138.98M | |
| $1.80B | $1.75B | $1.95B |
HBM vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 24.86% | 145.46% | 47.03% | 9.24% | -29.87% | 3.82% | 69.50% | -11.77% | -46.20% | 54.77% |
XLE State Street Energy Select Sector SPDR ETF | 32.69% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between HBM and XLE is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2009 | 0.45 |
The correlation between HBM and XLE shifts across timeframes, from -0.04 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HBM vs. XLE — Risk / Return Rank
HBM
XLE
HBM vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) 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.
| HBM | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 2.77 | +1.91 |
| Martin ratioReturn relative to average drawdown | 11.15 | 7.38 | +3.77 |
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Drawdowns
HBM vs. XLE - Drawdown Comparison
The maximum HBM drawdown since its inception was -92.21%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for HBM and XLE.
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Drawdown Indicators
| HBM | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -71.26% | -20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -36.16% | -14.98% | -21.18% |
Max Drawdown (3Y)Largest decline over 3 years | -41.11% | -20.14% | -20.97% |
Max Drawdown (5Y)Largest decline over 5 years | -63.33% | -26.04% | -37.29% |
Max Drawdown (10Y)Largest decline over 10 years | -86.34% | -66.81% | -19.53% |
Current DrawdownCurrent decline from peak | -22.26% | -5.78% | -16.48% |
Average DrawdownAverage peak-to-trough decline | -52.25% | -17.93% | -34.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.14% | 5.62% | +9.52% |
Volatility
HBM vs. XLE - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 20.54% compared to State Street Energy Select Sector SPDR ETF (XLE) at 6.17%. This indicates that HBM'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
| HBM | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 6.17% | +14.37% |
Volatility (6M)Calculated over the trailing 6-month period | 50.38% | 16.62% | +33.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.63% | 21.00% | +41.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.97% | 25.74% | +30.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.94% | 29.57% | +29.37% |
Dividends
HBM vs. XLE - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.09%, less than XLE's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.09% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
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
HBM and XLE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBM has higher volatility (20.54%) compared to XLE (6.17%). In terms of maximum drawdown, HBM dropped -92.21% vs XLE's -71.26%.
HBM currently has the higher Sharpe Ratio (2.70 vs 1.98), 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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