IBDRY vs. XLE

Last updated Jul 14, 2026

IBDRY (Iberdrola SA) 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, IBDRY returned 19.31%/yr vs 9.42%/yr for XLE. At a 0.33 correlation, their price movements are largely independent.

Performance

IBDRY vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Iberdrola SA (IBDRY) 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, IBDRY achieves a 15.46% return, which is significantly lower than XLE's 28.66% return. Over the past 10 years, IBDRY has outperformed XLE with an annualized return of 19.31%, while XLE has yielded a comparatively lower 9.42% annualized return.

IBDRY

• 1D: 0.74%
• 1M: 4.48%
• 6M: 14.78%
• YTD: 15.46%
• 1Y: 37.03%
• 3Y*: 29.61%
• 5Y*: 20.05%
• 10Y*: 19.31%

XLE

• 1D: 3.01%
• 1M: -0.70%
• 6M: 24.13%
• YTD: 28.66%
• 1Y: 31.29%
• 3Y*: 15.32%
• 5Y*: 21.79%
• 10Y*: 9.42%

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

IBDRY vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDRY Iberdrola SA	15.46%	65.75%	10.02%	17.36%	3.59%	-15.13%	44.34%	33.28%	7.72%	27.83%
XLE State Street Energy Select Sector SPDR ETF	28.66%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Correlation

The correlation between IBDRY and XLE is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007	0.33

The correlation between IBDRY and XLE shifts across timeframes, from -0.09 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBDRY vs. XLE — Risk / Return Rank

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

IBDRY

IBDRY Risk / Return Rank: 91
IBDRY Sharpe Ratio Rank: 92
IBDRY Sortino Ratio Rank: 89
IBDRY Omega Ratio Rank: 90
IBDRY Calmar Ratio Rank: 91
IBDRY Martin Ratio Rank: 92

XLE

XLE Risk / Return Rank: 50
XLE Sharpe Ratio Rank: 55
XLE Sortino Ratio Rank: 52
XLE Omega Ratio Rank: 48
XLE Calmar Ratio Rank: 52
XLE Martin Ratio Rank: 44

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.

IBDRY vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Iberdrola SA (IBDRY) 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.

	IBDRY	XLE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.50	+0.60
Sortino ratio: Return per unit of downside risk	2.70	2.03	+0.67
Omega ratio: Gain probability vs. loss probability	1.37	1.25	+0.12
Calmar ratio: Return relative to maximum drawdown	4.06	2.10	+1.96
Martin ratio: Return relative to average drawdown	10.84	5.70	+5.14

IBDRY vs. XLE - Sharpe Ratio Comparison

The current IBDRY Sharpe Ratio is 2.10, which is higher than the XLE Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IBDRY 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.

Drawdowns

IBDRY vs. XLE - Drawdown Comparison

The maximum IBDRY drawdown since its inception was -77.08%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IBDRY and XLE.

Drawdown Indicators

	IBDRY	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-77.08%	-71.26%	-5.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-14.98%	+5.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	-20.14%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.79%	-26.04%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	-37.43%	-66.81%	+29.38%
Current Drawdown Current decline from peak	-1.74%	-8.65%	+6.91%
Average Drawdown Average peak-to-trough decline	-29.34%	-17.95%	-11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	5.53%	-2.10%

Volatility

IBDRY vs. XLE - Volatility Comparison

The current volatility for Iberdrola SA (IBDRY) is 5.38%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.32%. This indicates that IBDRY 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

	IBDRY	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	7.32%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	16.68%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	21.06%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.32%	25.95%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	29.58%	-6.71%

Dividends

IBDRY vs. XLE - Dividend Comparison

IBDRY's dividend yield for the trailing twelve months is around 3.28%, more than XLE's 2.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDRY Iberdrola SA	3.28%	4.18%	4.38%	4.11%	4.14%	3.77%	2.83%	3.01%	3.76%	7.28%	10.00%	1.71%
XLE State Street Energy Select Sector SPDR ETF	2.67%	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 IBDRY and XLE in my portfolio?

IBDRY and XLE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBDRY or XLE?

XLE has higher volatility (7.32%) compared to IBDRY (5.38%). In terms of maximum drawdown, IBDRY dropped -77.08% vs XLE's -71.26%.

Which has better risk-adjusted returns?

IBDRY currently has the higher Sharpe Ratio (2.10 vs 1.50), 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.