IYE vs. XLE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Energy ETF (IYE) and State Street Energy Select Sector SPDR ETF (XLE).

IYE and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. 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 IYE 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.

Performance

IYE vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Energy ETF (IYE) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

IYE vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYE iShares U.S. Energy ETF	32.07%	7.33%	6.06%	-2.21%	60.21%	53.42%	-33.49%	10.03%	-19.37%	-1.80%
XLE State Street Energy Select Sector SPDR ETF	32.76%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Returns By Period

The year-to-date returns for both investments are quite close, with IYE having a 32.07% return and XLE slightly higher at 32.76%. Over the past 10 years, IYE has underperformed XLE with an annualized return of 9.94%, while XLE has yielded a comparatively higher 11.23% annualized return.

IYE

• 1D: -3.57%
• 1M: 4.12%
• YTD: 32.07%
• 6M: 32.94%
• 1Y: 29.50%
• 3Y*: 15.68%
• 5Y*: 22.04%
• 10Y*: 9.94%

XLE

• 1D: -3.74%
• 1M: 4.06%
• YTD: 32.76%
• 6M: 34.01%
• 1Y: 29.50%
• 3Y*: 16.22%
• 5Y*: 23.05%
• 10Y*: 11.23%

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

IYE vs. XLE - Expense Ratio Comparison

IYE has a 0.42% expense ratio, which is higher than XLE's 0.08% expense ratio.

IYE

iShares U.S. Energy ETF

XLE

State Street Energy Select Sector SPDR ETF

Return for Risk

IYE vs. XLE — Risk / Return Rank

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

IYE

IYE Risk / Return Rank: 58
IYE Sharpe Ratio Rank: 65
IYE Sortino Ratio Rank: 59
IYE Omega Ratio Rank: 61
IYE Calmar Ratio Rank: 60
IYE Martin Ratio Rank: 45

XLE

XLE Risk / Return Rank: 58
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 61
XLE Calmar Ratio Rank: 61
XLE Martin Ratio Rank: 43

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.

IYE vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.

	IYE	XLE	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.18	+0.01
Sortino ratio Return per unit of downside risk	1.58	1.56	+0.02
Omega ratio Gain probability vs. loss probability	1.24	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.61	1.61	0.00
Martin ratio Return relative to average drawdown	4.46	4.23	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYE vs. XLE - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 1.19, which is comparable to the XLE Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IYE and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IYE	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.18	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.89	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.38	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.31	-0.05

Correlation

The correlation between IYE and XLE is 0.98, 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.

Dividends

IYE vs. XLE - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.13%, less than XLE's 2.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYE iShares U.S. Energy ETF	2.13%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%
XLE State Street Energy Select Sector SPDR ETF	2.53%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Drawdowns

IYE vs. XLE - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, roughly equal to the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for IYE and XLE.

Drawdown Indicators

	IYE	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	-71.26%	-2.48%
Max Drawdown (1Y) Largest decline over 1 year	-18.74%	-18.79%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-26.04%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	-66.81%	-1.78%
Current Drawdown Current decline from peak	-5.65%	-5.74%	+0.09%
Average Drawdown Average peak-to-trough decline	-19.44%	-18.05%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.76%	7.15%	-0.39%

Volatility

IYE vs. XLE - Volatility Comparison

iShares U.S. Energy ETF (IYE) and State Street Energy Select Sector SPDR ETF (XLE) have volatilities of 6.28% and 6.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYE	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	6.45%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	14.46%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	24.90%	25.21%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	26.09%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.45%	29.50%	-0.05%