PRIV vs. XLE

Last updated Jun 24, 2026

PRIV (State Street IG Public & Private Credit ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - PRIV is a Intermediate Core-Plus Bond fund actively managed by State Street, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. PRIV is actively managed, while XLE is passively managed. Over the past year, PRIV returned 5.17% vs 30.55% for XLE. At a correlation of -0.14, they often move in opposite directions. PRIV charges 0.55%/yr vs 0.08%/yr for XLE.

Performance

PRIV vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street IG Public & Private Credit ETF (PRIV) 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, PRIV achieves a 0.69% return, which is significantly lower than XLE's 23.49% return.

PRIV

• 1D: 0.18%
• 1M: 0.85%
• YTD: 0.69%
• 6M: 0.85%
• 1Y: 5.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLE

• 1D: 0.74%
• 1M: -7.80%
• YTD: 23.49%
• 6M: 24.07%
• 1Y: 30.55%
• 3Y*: 15.73%
• 5Y*: 18.87%
• 10Y*: 9.37%

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

PRIV vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025
PRIV State Street IG Public & Private Credit ETF	0.69%	5.07%
XLE State Street Energy Select Sector SPDR ETF	23.49%	3.68%

Correlation

The correlation between PRIV and XLE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	-0.14

Return for Risk

PRIV vs. XLE — Risk / Return Rank

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

PRIV

PRIV Risk / Return Rank: 44
PRIV Sharpe Ratio Rank: 44
PRIV Sortino Ratio Rank: 47
PRIV Omega Ratio Rank: 42
PRIV Calmar Ratio Rank: 45
PRIV Martin Ratio Rank: 42

XLE

XLE Risk / Return Rank: 42
XLE Sharpe Ratio Rank: 44
XLE Sortino Ratio Rank: 41
XLE Omega Ratio Rank: 39
XLE Calmar Ratio Rank: 45
XLE Martin Ratio Rank: 42

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.

PRIV vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private Credit ETF (PRIV) 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.

	PRIV	XLE	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.48	-0.06
Sortino ratio: Return per unit of downside risk	2.15	2.00	+0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.04	2.18	-0.14
Martin ratio: Return relative to average drawdown	6.32	6.53	-0.21

PRIV vs. XLE - Sharpe Ratio Comparison

The current PRIV Sharpe Ratio is 1.41, which is comparable to the XLE Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PRIV 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.

Drawdowns

PRIV vs. XLE - Drawdown Comparison

The maximum PRIV drawdown since its inception was -2.75%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PRIV and XLE.

Drawdown Indicators

	PRIV	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-2.75%	-71.26%	+68.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-14.05%	+11.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-1.02%	-12.32%	+11.30%
Average Drawdown Average peak-to-trough decline	-0.68%	-17.96%	+17.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	4.69%	-3.87%

Volatility

PRIV vs. XLE - Volatility Comparison

The current volatility for State Street IG Public & Private Credit ETF (PRIV) is 1.17%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.12%. This indicates that PRIV 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

	PRIV	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	7.12%	-5.95%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	16.82%	-14.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	20.93%	-17.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.14%	25.98%	-21.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	29.60%	-25.46%

PRIV vs. XLE - Expense Ratio Comparison

PRIV has a 0.55% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

PRIV vs. XLE - Dividend Comparison

PRIV's dividend yield for the trailing twelve months is around 4.59%, more than XLE's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRIV State Street IG Public & Private Credit ETF	4.59%	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.79%	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 PRIV and XLE in my portfolio?

PRIV and XLE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRIV or XLE?

XLE has higher volatility (7.12%) compared to PRIV (1.17%). In terms of maximum drawdown, PRIV dropped -2.75% vs XLE's -71.26%.

Which ETF is better, PRIV or XLE?

On 1-year performance, XLE leads with 30.55% vs 5.17% for PRIV. On fees, XLE is cheaper at 0.08% per year. On volatility, PRIV has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRIV or XLE?

Over the 1-year period, XLE has performed better with a 30.55% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRIV or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.55% for PRIV.

Which ETF pays a higher dividend yield, PRIV or XLE?

PRIV has the higher dividend yield at 4.59%, compared with 2.79% for XLE.

What is the main difference between PRIV and XLE?

PRIV is categorized as Intermediate Core-Plus Bond, while XLE is Energy Equities. Their fees differ too: 0.55% for PRIV and 0.08% for XLE.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.48 vs 1.41), 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.