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 2.48%/yr vs 9.99%/yr for XLE. At a 0.43 correlation, their price movements are largely independent.
Performance
IP vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -11.84% return, which is significantly lower than XLE's 32.26% return. Over the past 10 years, IP has underperformed XLE with an annualized return of 2.48%, while XLE has yielded a comparatively higher 9.99% annualized return.
IP
- 1D
- 1.44%
- 1M
- 7.92%
- YTD
- -11.84%
- 6M
- -11.25%
- 1Y
- -24.93%
- 3Y*
- 8.57%
- 5Y*
- -7.13%
- 10Y*
- 2.48%
XLE
- 1D
- 0.07%
- 1M
- -1.18%
- YTD
- 32.26%
- 6M
- 29.34%
- 1Y
- 47.98%
- 3Y*
- 17.74%
- 5Y*
- 20.45%
- 10Y*
- 9.99%
IP vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -11.84% | -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 | 32.26% | 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 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 1998 | 0.43 |
Over the past year, the correlation between IP and XLE has dropped to 0.07 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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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.
| IP | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.38 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 4.00 | -4.55 |
| Martin ratioReturn relative to average drawdown | -1.01 | 11.60 | -12.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IP | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 2.36 | -2.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.79 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.34 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.31 | -0.12 |
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 | -45.52% | -12.05% | -33.47% |
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 | -39.85% | -6.09% | -33.76% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -17.98% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.72% | 4.15% | +20.57% |
Volatility
IP vs. XLE - Volatility Comparison
International Paper Company (IP) has a higher volatility of 11.07% compared to State Street Energy Select Sector SPDR ETF (XLE) at 8.25%. 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 | 11.07% | 8.25% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 30.93% | 16.51% | +14.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.60% | 20.50% | +20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 26.01% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.11% | 29.58% | +2.53% |
Dividends
IP vs. XLE - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.46%, more than XLE's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.46% | 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 | 2.54% | 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 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (11.07%) compared to XLE (8.25%). In terms of maximum drawdown, IP dropped -90.62% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (2.36 vs -0.62), 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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