PPIE vs. XLEI

Last updated Jul 17, 2026

PPIE (Putnam Panagora ESG International Equity ETF -) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while XLEI is a Energy Equities fund tracking the S&P Energy Select Sector. PPIE is actively managed, while XLEI is passively managed. At a correlation of -0.02, they often move in opposite directions. PPIE charges 0.49%/yr vs 0.35%/yr for XLEI.

Performance

PPIE vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Panagora ESG International Equity ETF - (PPIE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PPIE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 0.96%
• 1M: 4.13%
• 6M: 17.19%
• YTD: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PPIE vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	10.04%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.04%	6.17%

Correlation

The correlation between PPIE and XLEI is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.02

PPIE vs. XLEI - Sectors Allocation Comparison

Sectors	PPIE	XLEI
Financial Services	24.0%	98.4%
Industrials	21.7%	-
Technology	14.2%	-
Healthcare	11.9%	-
Consumer Defensive	6.4%	-
Consumer Cyclical	5.9%	-
Basic Materials	5.3%	-
Communication Services	3.3%	-
Energy	3.3%	100.0%
Utilities	3.2%	-
Real Estate	0.9%	-

Return for Risk

PPIE vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	PPIE	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.19%	—
Current Drawdown Current decline from peak	—	-1.28%	—
Average Drawdown Average peak-to-trough decline	—	-1.90%	—

Volatility

Volatility by Period

	PPIE	XLEI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	14.11%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.11%	—

PPIE vs. XLEI - Expense Ratio Comparison

PPIE has a 0.49% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

PPIE vs. XLEI - Dividend Comparison

PPIE has not paid dividends to shareholders, while XLEI's dividend yield for the trailing twelve months is around 19.06%.

Position	TTM	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	19.06%	10.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPIE and XLEI in my portfolio?

PPIE and XLEI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPIE or XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PPIE or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.49% for PPIE.

Which ETF pays a higher dividend yield, PPIE or XLEI?

XLEI has the higher dividend yield at 19.06%, compared with 12.06% for PPIE.

What is the main difference between PPIE and XLEI?

PPIE is categorized as Foreign Large Cap Equities, while XLEI is Energy Equities. They also come from different issuers: Putnam and State Street. Their fees differ too: 0.49% for PPIE and 0.35% for XLEI.