IGE vs. XLE
Compare and contrast key facts about iShares North American Natural Resources ETF (IGE) and Energy Select Sector SPDR Fund (XLE).
IGE and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGE is a passively managed fund by iShares that tracks the performance of the S&P North American Natural Resources Sector Index. It was launched on Oct 26, 2001. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both IGE and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGE or XLE.
Performance
IGE vs. XLE - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IGE having a 15.50% return and XLE slightly higher at 15.77%. Over the past 10 years, IGE has underperformed XLE with an annualized return of 4.02%, while XLE has yielded a comparatively higher 5.03% annualized return.
IGE
15.50%
2.01%
1.52%
20.04%
13.46%
4.02%
XLE
15.77%
5.01%
1.39%
18.13%
14.98%
5.03%
Key characteristics
| IGE | XLE | |
|---|---|---|
| Sharpe Ratio | 1.13 | 0.89 |
| Sortino Ratio | 1.59 | 1.30 |
| Omega Ratio | 1.20 | 1.16 |
| Calmar Ratio | 1.83 | 1.19 |
| Martin Ratio | 4.94 | 2.77 |
| Ulcer Index | 3.67% | 5.71% |
| Daily Std Dev | 16.00% | 17.79% |
| Max Drawdown | -67.73% | -71.54% |
| Current Drawdown | -0.75% | -1.84% |
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IGE vs. XLE - Expense Ratio Comparison
IGE has a 0.46% expense ratio, which is higher than XLE's 0.13% expense ratio.
Correlation
The correlation between IGE and XLE is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGE vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) and Energy Select Sector SPDR Fund (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.
Dividends
IGE vs. XLE - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.46%, less than XLE's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.46% | 2.85% | 2.95% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.07% | 1.83% | 1.50% |
XLE Energy Select Sector SPDR Fund | 3.14% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
IGE vs. XLE - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.73%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for IGE and XLE. For additional features, visit the drawdowns tool.
Volatility
IGE vs. XLE - Volatility Comparison
The current volatility for iShares North American Natural Resources ETF (IGE) is 3.82%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 4.84%. This indicates that IGE 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.