PJT vs. XLE
PJT (PJT Partners 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 10 years, PJT returned 23.00%/yr vs 10.52%/yr for XLE. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
PJT vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, PJT achieves a 1.00% return, which is significantly lower than XLE's 35.03% return. Over the past 10 years, PJT has outperformed XLE with an annualized return of 23.00%, while XLE has yielded a comparatively lower 10.52% annualized return.
PJT
- 1D
- 0.45%
- 1M
- 3.26%
- 6M
- -2.41%
- YTD
- 1.00%
- 1Y
- -5.40%
- 3Y*
- 28.82%
- 5Y*
- 18.58%
- 10Y*
- 23.00%
- ALL TIME*
- 21.10%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.97M | $77.62M | $67.92M | |
| $1.70B | $1.73B | $1.97B |
PJT vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJT PJT Partners Inc. | 1.00% | 6.62% | 56.23% | 40.00% | 0.92% | 2.62% | 67.34% | 17.00% | -14.67% | 48.41% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between PJT and XLE is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.27 |
The correlation between PJT and XLE shifts across timeframes, from -0.06 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PJT vs. XLE — Risk / Return Rank
PJT
XLE
PJT vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PJT Partners Inc. (PJT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PJT | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.74 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.34 | 7.32 | -7.66 |
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Drawdowns
PJT vs. XLE - Drawdown Comparison
The maximum PJT drawdown since its inception was -58.44%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PJT and XLE.
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Drawdown Indicators
| PJT | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.44% | -71.26% | +12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -14.98% | -17.49% |
Max Drawdown (3Y)Largest decline over 3 years | -32.47% | -20.14% | -12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.80% | -26.04% | -11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -58.44% | -66.81% | +8.37% |
Current DrawdownCurrent decline from peak | -11.78% | -4.13% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -17.93% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 5.62% | +9.67% |
Volatility
PJT vs. XLE - Volatility Comparison
PJT Partners Inc. (PJT) has a higher volatility of 14.14% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.85%. This indicates that PJT'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
| PJT | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.14% | 5.85% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 24.74% | 16.71% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.09% | 21.05% | +11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.72% | 25.77% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.61% | 29.57% | +4.04% |
Dividends
PJT vs. XLE - Dividend Comparison
PJT's dividend yield for the trailing twelve months is around 0.59%, less than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJT PJT Partners Inc. | 0.59% | 0.60% | 0.63% | 0.98% | 1.36% | 4.32% | 0.27% | 0.44% | 0.52% | 0.44% | 0.65% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 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
PJT and XLE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJT has higher volatility (14.14%) compared to XLE (5.85%). In terms of maximum drawdown, PJT dropped -58.44% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.95 vs -0.16), 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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