PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IIGD vs. XLEI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IIGD vs. XLEI

Last updated Jun 4, 2026

IIGD (Invesco Investment Grade Defensive ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IIGD is a Corporate Bonds fund tracking the Invesco Investment Grade Defensive Index, while XLEI is a Energy Equities fund tracking the S&P Energy Select Sector. Both are passively managed. At a correlation of -0.24, they often move in opposite directions. IIGD charges 0.13%/yr vs 0.35%/yr for XLEI.

Performance

IIGD vs. XLEI - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IIGD achieves a 0.25% return, which is significantly lower than XLEI's 20.42% return.

IIGD

1D
-0.10%
1M
0.05%
YTD
0.25%
6M
0.49%
1Y
4.13%
3Y*
5.07%
5Y*
1.63%
10Y*
—

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)

IIGD vs. XLEI - Yearly Performance Comparison

2026 (YTD)2025
IIGD
Invesco Investment Grade Defensive ETF		0.25%2.83%
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		20.42%6.77%

Correlation

The correlation between IIGD and XLEI is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.24

IIGD vs. XLEI - Sectors Allocation Comparison

Sectors
IIGD
XLEI

Financial Services

16.7%
100.3%

Industrials

11.6%

-

Technology

8.7%

-

Consumer Defensive

5.6%

-

Healthcare

5.5%

-

Energy

5.5%

-

Consumer Cyclical

3.0%

-

Real Estate

3.0%

-

Communication Services

2.4%

-

Basic Materials

1.8%

-

Utilities

1.3%

-

Financial Services

IIGD
16.7%
XLEI
100.3%

Industrials

IIGD
11.6%
XLEI

-

Technology

IIGD
8.7%
XLEI

-

Consumer Defensive

IIGD
5.6%
XLEI

-

Healthcare

IIGD
5.5%
XLEI

-

Energy

IIGD
5.5%
XLEI

-

Consumer Cyclical

IIGD
3.0%
XLEI

-

Real Estate

IIGD
3.0%
XLEI

-

Communication Services

IIGD
2.4%
XLEI

-

Basic Materials

IIGD
1.8%
XLEI

-

Utilities

IIGD
1.3%
XLEI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Investment Grade Defensive ETF

State Street Energy Select Sector SPDR Premium Income ETF

Often compared with IIGD:
IIGD vs. GSIGIIGD vs. ISDBIIGD vs. PGHYIIGD vs. SGOVIIGD vs. VCSHIIGD vs. IVVIIGD vs. XLF
Often compared with XLEI:
XLEI vs. XLEXLEI vs. MLPIXLEI vs. IEOXLEI vs. XESXLEI vs. RNWZXLEI vs. TNGYXLEI vs. XOP

Return for Risk

IIGD vs. XLEI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IIGD
IIGD Risk / Return Rank: 5454
Overall Rank
IIGD Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IIGD Sortino Ratio Rank: 5858
Sortino Ratio Rank
IIGD Omega Ratio Rank: 5555
Omega Ratio Rank
IIGD Calmar Ratio Rank: 5050
Calmar Ratio Rank
IIGD Martin Ratio Rank: 5151
Martin Ratio Rank
XLEI
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.

IIGD vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) 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.

IIGDXLEIDifference
Sharpe ratioReturn per unit of total volatility
1.81

—

—

Sortino ratioReturn per unit of downside risk
2.75

—

—

Omega ratioGain probability vs. loss probability

1.34

—

—

Calmar ratioReturn relative to maximum drawdown

2.49

—

—

Martin ratioReturn relative to average drawdown

8.72

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IIGD vs. XLEI - Sharpe Ratio Comparison

Loading charts...

Sharpe Ratios by Period

IIGDXLEIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

2.65

-1.88

Drawdowns

IIGD vs. XLEI - Drawdown Comparison

The maximum IIGD drawdown since its inception was -11.43%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for IIGD and XLEI.

Loading charts...

Drawdown Indicators

IIGDXLEIDifference

Max Drawdown

Largest peak-to-trough decline

-11.43%

-7.98%

-3.45%

Max Drawdown (1Y)

Largest decline over 1 year

-1.67%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-2.14%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-11.43%

—

—

Current Drawdown

Current decline from peak

-0.80%

-0.97%

+0.17%

Average Drawdown

Average peak-to-trough decline

-2.42%

-1.52%

-0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.47%

—

—

Volatility

IIGD vs. XLEI - Volatility Comparison

Loading charts...

Volatility by Period

IIGDXLEIDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.75%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

1.65%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.29%

13.16%

-10.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.66%

13.16%

-9.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.70%

13.16%

-9.46%

IIGD vs. XLEI - Expense Ratio Comparison

IIGD has a 0.13% expense ratio, which is lower than XLEI's 0.35% expense ratio.

Dividends

IIGD vs. XLEI - Dividend Comparison

IIGD's dividend yield for the trailing twelve months is around 4.28%, less than XLEI's 16.59% yield.

PositionTTM20252024202320222021202020192018
IIGD
Invesco Investment Grade Defensive ETF		4.28%4.25%4.13%3.74%1.73%1.77%3.21%2.44%1.23%
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%

Frequently Asked Questions

IIGD and XLEI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IIGD is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IIGD is cheaper with a 0.13% expense ratio, compared with 0.35% for XLEI.

XLEI has the higher dividend yield at 16.59%, compared with 4.28% for IIGD.

IIGD is categorized as Corporate Bonds, while XLEI is Energy Equities. IIGD tracks Invesco Investment Grade Defensive Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.13% for IIGD and 0.35% for XLEI.

Portfolio Optimizer

Find the right allocation for IIGD and XLEI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer