PSX vs. XLE
PSX (Phillips 66) is a stock, while XLE (State Street Energy Select Sector SPDR ETF) is Energy Equities fund tracking the Energy Select Sector Index. Over the past 10 years, PSX returned 15.01%/yr vs 10.52%/yr for XLE. Their 0.73 correlation means they have sometimes moved together and sometimes differently.
Performance
PSX vs. XLE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSX achieves a 66.59% return, which is significantly higher than XLE's 35.03% return. Over the past 10 years, PSX has outperformed XLE with an annualized return of 15.01%, while XLE has yielded a comparatively lower 10.52% annualized return.
PSX
- 1D
- 0.51%
- 1M
- 19.99%
- 6M
- 49.74%
- YTD
- 66.59%
- 1Y
- 83.06%
- 3Y*
- 27.91%
- 5Y*
- 28.34%
- 10Y*
- 15.01%
- ALL TIME*
- 17.61%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PSX Phillips 66 | $493.33M | $498.69M | $464.97M |
| $1.70B | $1.73B | $1.97B |
PSX vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSX Phillips 66 | 66.59% | 17.51% | -11.63% | 33.07% | 49.58% | 8.51% | -33.85% | 33.97% | -12.28% | 20.94% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between PSX and XLE is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 1, 2012 | 0.73 |
The correlation between PSX and XLE has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSX vs. XLE — Risk / Return Rank
PSX
XLE
PSX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Phillips 66 (PSX) 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.
| PSX | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.74 | +1.75 |
| Martin ratioReturn relative to average drawdown | 13.71 | 7.32 | +6.39 |
Loading charts...
Drawdowns
PSX vs. XLE - Drawdown Comparison
The maximum PSX drawdown since its inception was -64.21%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PSX and XLE.
Loading charts...
Drawdown Indicators
| PSX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.21% | -71.26% | +7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -14.98% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -44.37% | -20.14% | -24.23% |
Max Drawdown (5Y)Largest decline over 5 years | -44.37% | -26.04% | -18.33% |
Max Drawdown (10Y)Largest decline over 10 years | -64.21% | -66.81% | +2.60% |
Current DrawdownCurrent decline from peak | -0.28% | -4.13% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -17.93% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 5.62% | +0.04% |
Volatility
PSX vs. XLE - Volatility Comparison
Phillips 66 (PSX) has a higher volatility of 8.78% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.85%. 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.
Loading charts...
Volatility by Period
| PSX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 5.85% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 23.04% | 16.71% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.17% | 21.05% | +9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 25.77% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.43% | 29.57% | +5.86% |
Dividends
PSX vs. XLE - Dividend Comparison
PSX's dividend yield for the trailing twelve months is around 2.33%, less than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSX Phillips 66 | 2.33% | 3.68% | 3.95% | 3.15% | 3.68% | 5.00% | 5.15% | 3.14% | 3.60% | 2.70% | 2.84% | 2.67% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 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
PSX and XLE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSX has higher volatility (8.78%) compared to XLE (5.85%). In terms of maximum drawdown, PSX dropped -64.21% vs XLE's -71.26%.
PSX currently has the higher Sharpe Ratio (2.57 vs 1.95), 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.
Find the right allocation for PSX and XLE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer