PSX vs. XLE
Compare and contrast key facts about Phillips 66 (PSX) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSX or XLE.
Key characteristics
| PSX | XLE | |
|---|---|---|
| YTD Return | -0.12% | 15.50% |
| 1Y Return | 16.68% | 15.34% |
| 3Y Return (Ann) | 23.52% | 22.65% |
| 5Y Return (Ann) | 6.10% | 14.95% |
| 10Y Return (Ann) | 9.99% | 4.96% |
| Sharpe Ratio | 0.69 | 0.92 |
| Sortino Ratio | 1.08 | 1.33 |
| Omega Ratio | 1.14 | 1.17 |
| Calmar Ratio | 0.60 | 1.23 |
| Martin Ratio | 1.13 | 2.87 |
| Ulcer Index | 15.59% | 5.71% |
| Daily Std Dev | 25.43% | 17.81% |
| Max Drawdown | -64.21% | -71.54% |
| Current Drawdown | -23.55% | -2.06% |
Correlation
The correlation between PSX and XLE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSX vs. XLE - Performance Comparison
In the year-to-date period, PSX achieves a -0.12% return, which is significantly lower than XLE's 15.50% return. Over the past 10 years, PSX has outperformed XLE with an annualized return of 9.99%, while XLE has yielded a comparatively lower 4.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PSX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Phillips 66 (PSX) and Energy Select Sector SPDR Fund (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.
Dividends
PSX vs. XLE - Dividend Comparison
PSX's dividend yield for the trailing twelve months is around 3.39%, more than XLE's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSX Phillips 66 | 3.39% | 3.15% | 3.68% | 5.00% | 5.15% | 3.14% | 3.60% | 2.70% | 2.84% | 2.67% | 2.64% | 1.72% |
XLE Energy Select Sector SPDR Fund | 3.15% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
PSX vs. XLE - Drawdown Comparison
The maximum PSX drawdown since its inception was -64.21%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for PSX and XLE. For additional features, visit the drawdowns tool.
Volatility
PSX vs. XLE - Volatility Comparison
Phillips 66 (PSX) has a higher volatility of 7.88% compared to Energy Select Sector SPDR Fund (XLE) at 4.83%. This indicates that PSX'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.