MGY vs. XLE

Last updated Apr 1, 2026

Compare and contrast key facts about Magnolia Oil & Gas Corporation (MGY) and State Street Energy Select Sector SPDR ETF (XLE).

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.

Performance

MGY vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Magnolia Oil & Gas Corporation (MGY) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

MGY vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGY Magnolia Oil & Gas Corporation	45.10%	-3.85%	12.20%	-7.26%	26.52%	168.77%	-43.88%	12.22%	15.09%	-2.60%
XLE State Street Energy Select Sector SPDR ETF	37.91%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	14.03%

Returns By Period

In the year-to-date period, MGY achieves a 45.10% return, which is significantly higher than XLE's 37.91% return.

MGY

• 1D: -1.71%
• 1M: 13.48%
• YTD: 45.10%
• 6M: 33.98%
• 1Y: 28.29%
• 3Y*: 15.68%
• 5Y*: 23.38%
• 10Y*: —

XLE

• 1D: -1.13%
• 1M: 10.27%
• YTD: 37.91%
• 6M: 39.21%
• 1Y: 35.32%
• 3Y*: 17.71%
• 5Y*: 23.99%
• 10Y*: 11.65%

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

Return for Risk

MGY vs. XLE — Risk / Return Rank

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

MGY

MGY Risk / Return Rank: 65
MGY Sharpe Ratio Rank: 68
MGY Sortino Ratio Rank: 61
MGY Omega Ratio Rank: 61
MGY Calmar Ratio Rank: 67
MGY Martin Ratio Rank: 67

XLE

XLE Risk / Return Rank: 73
XLE Sharpe Ratio Rank: 79
XLE Sortino Ratio Rank: 76
XLE Omega Ratio Rank: 77
XLE Calmar Ratio Rank: 78
XLE Martin Ratio Rank: 58

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.

MGY vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Magnolia Oil & Gas Corporation (MGY) 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.

	MGY	XLE	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.42	-0.66
Sortino ratio Return per unit of downside risk	1.22	1.84	-0.62
Omega ratio Gain probability vs. loss probability	1.16	1.28	-0.11
Calmar ratio Return relative to maximum drawdown	1.20	1.96	-0.75
Martin ratio Return relative to average drawdown	2.87	5.16	-2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGY vs. XLE - Sharpe Ratio Comparison

The current MGY Sharpe Ratio is 0.77, which is lower than the XLE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MGY 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

	MGY	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.42	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.93	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.32	+0.01

Correlation

The correlation between MGY and XLE is 0.74, 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

MGY vs. XLE - Dividend Comparison

MGY's dividend yield for the trailing twelve months is around 1.95%, less than XLE's 2.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGY Magnolia Oil & Gas Corporation	1.95%	2.74%	2.22%	2.16%	1.71%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.44%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Drawdowns

MGY vs. XLE - Drawdown Comparison

The maximum MGY drawdown since its inception was -77.76%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MGY and XLE.

Drawdown Indicators

	MGY	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-77.76%	-71.26%	-6.50%
Max Drawdown (1Y) Largest decline over 1 year	-23.79%	-18.79%	-5.00%
Max Drawdown (5Y) Largest decline over 5 years	-38.14%	-26.04%	-12.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-2.44%	-2.08%	-0.36%
Average Drawdown Average peak-to-trough decline	-20.15%	-18.05%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.97%	7.14%	+2.83%

Volatility

MGY vs. XLE - Volatility Comparison

Magnolia Oil & Gas Corporation (MGY) and State Street Energy Select Sector SPDR ETF (XLE) have volatilities of 4.89% and 5.05%, 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

	MGY	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	5.05%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	13.94%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	37.05%	24.93%	+12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.40%	26.06%	+14.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.41%	29.48%	+16.93%