KNTK vs. XLE

Last updated Jun 3, 2026

KNTK (Kinetik Holdings Inc) 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 5 years, KNTK returned 13.83%/yr vs 20.29%/yr for XLE. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

KNTK vs. XLE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with KNTK having a 31.12% return and XLE slightly lower at 30.48%.

KNTK

• 1D: 0.04%
• 1M: -7.77%
• YTD: 31.12%
• 6M: 36.93%
• 1Y: 8.91%
• 3Y*: 20.19%
• 5Y*: 13.83%
• 10Y*: —

XLE

• 1D: 1.15%
• 1M: -1.51%
• YTD: 30.48%
• 6M: 30.54%
• 1Y: 44.84%
• 3Y*: 16.95%
• 5Y*: 20.29%
• 10Y*: 10.08%

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

KNTK vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNTK Kinetik Holdings Inc	31.12%	-31.95%	83.11%	8.20%	14.62%	41.87%	-17.03%	-63.00%	-20.39%	0.10%
XLE State Street Energy Select Sector SPDR ETF	30.48%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	10.25%

Correlation

The correlation between KNTK and XLE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.51

The correlation between KNTK and XLE has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

Return for Risk

KNTK vs. XLE — Risk / Return Rank

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

KNTK

KNTK Risk / Return Rank: 46
KNTK Sharpe Ratio Rank: 49
KNTK Sortino Ratio Rank: 44
KNTK Omega Ratio Rank: 42
KNTK Calmar Ratio Rank: 48
KNTK Martin Ratio Rank: 49

XLE

XLE Risk / Return Rank: 64
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 57
XLE Calmar Ratio Rank: 76
XLE Martin Ratio Rank: 63

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.

KNTK vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetik Holdings Inc (KNTK) 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.

	KNTK	XLE	Difference
Sharpe ratio Return per unit of total volatility	0.25	2.20	-1.95
Sortino ratio Return per unit of downside risk	0.62	2.83	-2.22
Omega ratio Gain probability vs. loss probability	1.07	1.35	-0.28
Calmar ratio Return relative to maximum drawdown	0.34	3.88	-3.54
Martin ratio Return relative to average drawdown	0.80	11.35	-10.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNTK vs. XLE - Sharpe Ratio Comparison

The current KNTK Sharpe Ratio is 0.25, which is lower than the XLE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of KNTK and XLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KNTK	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	2.20	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.78	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.31	-0.35

Drawdowns

KNTK vs. XLE - Drawdown Comparison

The maximum KNTK drawdown since its inception was -95.36%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for KNTK and XLE.

Drawdown Indicators

	KNTK	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-95.36%	-71.26%	-24.10%
Max Drawdown (1Y) Largest decline over 1 year	-30.30%	-12.05%	-18.25%
Max Drawdown (3Y) Largest decline over 3 years	-48.98%	-20.14%	-28.84%
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	-26.04%	-22.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-33.77%	-7.35%	-26.42%
Average Drawdown Average peak-to-trough decline	-48.53%	-17.98%	-30.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.80%	4.12%	+8.68%

Volatility

KNTK vs. XLE - Volatility Comparison

Kinetik Holdings Inc (KNTK) has a higher volatility of 8.70% compared to State Street Energy Select Sector SPDR ETF (XLE) at 8.19%. This indicates that KNTK'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.

Volatility by Period

	KNTK	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	8.19%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	23.60%	16.56%	+7.04%
Volatility (1Y) Calculated over the trailing 1-year period	35.87%	20.53%	+15.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.54%	26.01%	+12.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.76%	29.59%	+56.17%

Dividends

KNTK vs. XLE - Dividend Comparison

KNTK's dividend yield for the trailing twelve months is around 6.98%, more than XLE's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNTK Kinetik Holdings Inc	6.98%	8.65%	5.34%	6.74%	6.80%	9.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.57%	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

Can I hold both KNTK and XLE in my portfolio?

KNTK and XLE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNTK or XLE?

KNTK has higher volatility (8.70%) compared to XLE (8.19%). In terms of maximum drawdown, KNTK dropped -95.36% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (2.20 vs 0.25), 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.