PSCE vs. XLEI

Last updated Jun 23, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - PSCE tracks the S&P SmallCap 600 Energy Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. PSCE charges 0.29%/yr vs 0.35%/yr for XLEI.

Performance

PSCE vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Energy ETF (PSCE) 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, PSCE achieves a 32.45% return, which is significantly higher than XLEI's 14.33% return.

PSCE

• 1D: 1.31%
• 1M: -9.77%
• YTD: 32.45%
• 6M: 32.62%
• 1Y: 40.46%
• 3Y*: 10.33%
• 5Y*: 8.83%
• 10Y*: -2.41%

XLEI

• 1D: 1.50%
• 1M: -4.84%
• YTD: 14.33%
• 6M: 15.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCE vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
PSCE Invesco S&P SmallCap Energy ETF	32.45%	3.93%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	14.33%	6.17%

Correlation

The correlation between PSCE and XLEI is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.80

PSCE vs. XLEI - Sectors Allocation Comparison

Sectors	PSCE	XLEI
Energy	98.5%	100.0%
Basic Materials	1.4%	-
Financial Services	0.2%	100.3%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PSCE vs. XLEI — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 49
PSCE Sharpe Ratio Rank: 43
PSCE Sortino Ratio Rank: 40
PSCE Omega Ratio Rank: 38
PSCE Calmar Ratio Rank: 67
PSCE Martin Ratio Rank: 58

XLEI

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

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.

PSCE vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) 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.

	PSCE	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	3.20	—	—
Martin ratio: Return relative to average drawdown	9.94	—	—

Drawdowns

PSCE vs. XLEI - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for PSCE and XLEI.

Drawdown Indicators

	PSCE	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-7.98%	-88.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-44.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	—	—
Current Drawdown Current decline from peak	-76.47%	-5.98%	-70.49%
Average Drawdown Average peak-to-trough decline	-58.87%	-1.66%	-57.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	—	—

Volatility

Volatility by Period

	PSCE	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.56%	13.92%	+13.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	13.92%	+23.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	13.92%	+29.30%

PSCE vs. XLEI - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than XLEI's 0.35% expense ratio.

Dividends

PSCE vs. XLEI - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 2.72%, less than XLEI's 17.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	2.28%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	17.47%	10.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSCE and XLEI in my portfolio?

PSCE and XLEI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSCE or XLEI?

On fees, PSCE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSCE or XLEI?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.35% for XLEI.

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

XLEI has the higher dividend yield at 17.47%, compared with 2.72% for PSCE.

What is the main difference between PSCE and XLEI?

PSCE tracks S&P SmallCap 600 Energy Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.29% for PSCE and 0.35% for XLEI.