IP vs. XLE
IP (International Paper Company) 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, IP returned 3.87%/yr vs 10.52%/yr for XLE. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
IP vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a 6.25% return, which is significantly lower than XLE's 35.03% return. Over the past 10 years, IP has underperformed XLE with an annualized return of 3.87%, while XLE has yielded a comparatively higher 10.52% annualized return.
IP
- 1D
- -5.38%
- 1M
- 5.26%
- 6M
- 3.80%
- YTD
- 6.25%
- 1Y
- -7.82%
- 3Y*
- 9.13%
- 5Y*
- -1.40%
- 10Y*
- 3.87%
- ALL TIME*
- 6.50%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $277.86M | $228.29M | $218.19M | |
| $1.70B | $1.73B | $1.97B |
IP vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 6.25% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between IP and XLE is -0.02, 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. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.43 |
The correlation between IP and XLE shifts across timeframes, from -0.02 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IP vs. XLE — Risk / Return Rank
IP
XLE
IP vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.74 | -2.95 |
| Martin ratioReturn relative to average drawdown | -0.42 | 7.32 | -7.73 |
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Drawdowns
IP vs. XLE - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IP and XLE.
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Drawdown Indicators
| IP | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -71.26% | -19.36% |
Max Drawdown (1Y)Largest decline over 1 year | -39.68% | -14.98% | -24.70% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -20.14% | -28.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -26.04% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -66.81% | +11.54% |
Current DrawdownCurrent decline from peak | -27.51% | -4.13% | -23.38% |
Average DrawdownAverage peak-to-trough decline | -20.92% | -17.93% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.31% | 5.62% | +14.69% |
Volatility
IP vs. XLE - Volatility Comparison
International Paper Company (IP) has a higher volatility of 16.02% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.85%. This indicates that IP'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
| IP | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.02% | 5.85% | +10.17% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 16.71% | +17.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.85% | 21.05% | +23.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.57% | 25.77% | +7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.66% | 29.57% | +3.09% |
Dividends
IP vs. XLE - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.53%, more than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.53% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 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
IP and XLE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (16.02%) compared to XLE (5.85%). In terms of maximum drawdown, IP dropped -90.62% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.95 vs -0.20), 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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