PPIE vs. XLEI

Last updated Jun 4, 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

In the year-to-date period, PPIE achieves a 8.26% return, which is significantly lower than XLEI's 20.42% return.

PPIE

• 1D: 0.04%
• 1M: 6.12%
• YTD: 8.26%
• 6M: 10.45%
• 1Y: 20.97%
• 3Y*: 18.32%
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 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 -	8.26%	10.71%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

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 31, 2025	-0.02

PPIE vs. XLEI - Sectors Allocation Comparison

Sectors	PPIE	XLEI
Financial Services	24.8%	100.3%
Industrials	20.3%	-
Technology	15.9%	-
Healthcare	10.7%	-
Consumer Defensive	6.0%	-
Basic Materials	5.4%	-
Consumer Cyclical	5.2%	-
Communication Services	3.3%	-
Energy	3.0%	-
Utilities	2.9%	-
Real Estate	1.0%	-

Return for Risk

PPIE vs. XLEI — Risk / Return Rank

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

PPIE

PPIE Risk / Return Rank: 39
PPIE Sharpe Ratio Rank: 40
PPIE Sortino Ratio Rank: 39
PPIE Omega Ratio Rank: 39
PPIE Calmar Ratio Rank: 36
PPIE Martin Ratio Rank: 41

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.

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.

	PPIE	XLEI	Difference
Sharpe ratio Return per unit of total volatility	1.38	—	—
Sortino ratio Return per unit of downside risk	1.98	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.75	—	—
Martin ratio Return relative to average drawdown	6.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PPIE	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	2.65	-1.50

Drawdowns

PPIE vs. XLEI - Drawdown Comparison

The maximum PPIE drawdown since its inception was -13.55%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for PPIE and XLEI.

Drawdown Indicators

	PPIE	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-7.98%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	—	—
Current Drawdown Current decline from peak	-0.80%	-0.97%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.51%	-1.52%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	—	—

Volatility

Volatility by Period

	PPIE	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	13.16%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	13.16%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	13.16%	+1.67%

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's dividend yield for the trailing twelve months is around 12.07%, less than XLEI's 16.59% yield.

Position	TTM	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	12.07%	8.40%	5.12%	3.30%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	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 16.59%, compared with 12.07% 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.