NVGS vs. XLE

Last updated Jun 4, 2026

NVGS (Navigator Holdings Ltd.) 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, NVGS returned 5.15%/yr vs 10.22%/yr for XLE. At a 0.34 correlation, their price movements are largely independent.

Performance

NVGS vs. XLE - Performance Comparison

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

Returns By Period

In the year-to-date period, NVGS achieves a 27.13% return, which is significantly lower than XLE's 32.17% return. Over the past 10 years, NVGS has underperformed XLE with an annualized return of 5.15%, while XLE has yielded a comparatively higher 10.22% annualized return.

NVGS

• 1D: -1.58%
• 1M: -0.12%
• YTD: 27.13%
• 6M: 23.08%
• 1Y: 57.37%
• 3Y*: 19.68%
• 5Y*: 17.56%
• 10Y*: 5.15%

XLE

• 1D: 1.29%
• 1M: -1.14%
• YTD: 32.17%
• 6M: 29.80%
• 1Y: 45.00%
• 3Y*: 17.46%
• 5Y*: 20.44%
• 10Y*: 10.22%

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

NVGS vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NVGS Navigator Holdings Ltd.	27.13%	14.44%	6.79%	22.52%	34.84%	-19.00%	-18.71%	43.30%	-4.57%	5.91%
XLE State Street Energy Select Sector SPDR ETF	32.17%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Correlation

The correlation between NVGS and XLE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 10, 2007	0.34

The correlation between NVGS and XLE shifts across timeframes, from 0.22 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NVGS vs. XLE — Risk / Return Rank

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

NVGS

NVGS Risk / Return Rank: 86
NVGS Sharpe Ratio Rank: 88
NVGS Sortino Ratio Rank: 84
NVGS Omega Ratio Rank: 85
NVGS Calmar Ratio Rank: 87
NVGS Martin Ratio Rank: 89

XLE

XLE Risk / Return Rank: 63
XLE Sharpe Ratio Rank: 65
XLE Sortino Ratio Rank: 59
XLE Omega Ratio Rank: 56
XLE Calmar Ratio Rank: 73
XLE Martin Ratio Rank: 60

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.

NVGS vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Holdings Ltd. (NVGS) 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.

	NVGS	XLE	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.21	-0.14
Sortino ratio: Return per unit of downside risk	2.60	2.84	-0.24
Omega ratio: Gain probability vs. loss probability	1.36	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.80	3.75	+0.05
Martin ratio: Return relative to average drawdown	11.64	10.92	+0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVGS vs. XLE - Sharpe Ratio Comparison

The current NVGS Sharpe Ratio is 2.06, which is comparable to the XLE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of NVGS 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

	NVGS	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.21	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.79	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.35	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.31	-0.21

Drawdowns

NVGS vs. XLE - Drawdown Comparison

The maximum NVGS drawdown since its inception was -87.68%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for NVGS and XLE.

Drawdown Indicators

	NVGS	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-87.68%	-71.26%	-16.42%
Max Drawdown (1Y) Largest decline over 1 year	-15.15%	-12.05%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-38.88%	-20.14%	-18.74%
Max Drawdown (5Y) Largest decline over 5 years	-38.88%	-26.04%	-12.84%
Max Drawdown (10Y) Largest decline over 10 years	-73.33%	-66.81%	-6.52%
Current Drawdown Current decline from peak	-27.72%	-6.15%	-21.57%
Average Drawdown Average peak-to-trough decline	-44.04%	-17.98%	-26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	4.14%	+0.80%

Volatility

NVGS vs. XLE - Volatility Comparison

The current volatility for Navigator Holdings Ltd. (NVGS) is 7.54%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.25%. This indicates that NVGS experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVGS	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	8.25%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	22.07%	16.58%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.94%	20.53%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.82%	26.02%	+9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.69%	29.59%	+18.10%

Dividends

NVGS vs. XLE - Dividend Comparison

NVGS's dividend yield for the trailing twelve months is around 1.19%, less than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVGS Navigator Holdings Ltd.	1.19%	1.27%	1.30%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both NVGS and XLE in my portfolio?

NVGS and XLE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVGS or XLE?

XLE has higher volatility (8.25%) compared to NVGS (7.54%). In terms of maximum drawdown, NVGS dropped -87.68% vs XLE's -71.26%.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (2.21 vs 2.06), 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.