PTEN vs. XLE
PTEN (Patterson-UTI Energy, Inc.) 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, PTEN returned -3.71%/yr vs 10.52%/yr for XLE. Their 0.73 correlation means they have sometimes moved together and sometimes differently.
Performance
PTEN vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, PTEN achieves a 75.12% return, which is significantly higher than XLE's 35.03% return. Over the past 10 years, PTEN has underperformed XLE with an annualized return of -3.71%, while XLE has yielded a comparatively higher 10.52% annualized return.
PTEN
- 1D
- 6.40%
- 1M
- 21.02%
- 6M
- 42.10%
- YTD
- 75.12%
- 1Y
- 98.57%
- 3Y*
- -9.15%
- 5Y*
- 8.68%
- 10Y*
- -3.71%
- ALL TIME*
- 8.97%
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) |
|---|---|---|---|
| $105.98M | $91.96M | $96.14M | |
| $1.70B | $1.73B | $1.97B |
PTEN vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 75.12% | -22.08% | -20.99% | -34.18% | 101.74% | 62.31% | -48.80% | 3.07% | -54.64% | -14.20% |
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 PTEN and XLE is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.73 |
The correlation between PTEN and XLE has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
PTEN vs. XLE — Risk / Return Rank
PTEN
XLE
PTEN vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patterson-UTI Energy, Inc. (PTEN) 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.
| PTEN | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.74 | -0.10 |
| Martin ratioReturn relative to average drawdown | 8.08 | 7.32 | +0.76 |
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Drawdowns
PTEN vs. XLE - Drawdown Comparison
The maximum PTEN drawdown since its inception was -95.13%, which is greater than XLE's maximum drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PTEN and XLE.
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Drawdown Indicators
| PTEN | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.13% | -71.26% | -23.87% |
Max Drawdown (1Y)Largest decline over 1 year | -32.79% | -14.98% | -17.81% |
Max Drawdown (3Y)Largest decline over 3 years | -64.60% | -20.14% | -44.46% |
Max Drawdown (5Y)Largest decline over 5 years | -70.93% | -26.04% | -44.89% |
Max Drawdown (10Y)Largest decline over 10 years | -94.02% | -66.81% | -27.21% |
Current DrawdownCurrent decline from peak | -64.51% | -4.13% | -60.38% |
Average DrawdownAverage peak-to-trough decline | -42.37% | -17.93% | -24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 5.62% | +5.23% |
Volatility
PTEN vs. XLE - Volatility Comparison
Patterson-UTI Energy, Inc. (PTEN) has a higher volatility of 17.21% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.85%. This indicates that PTEN'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.
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Volatility by Period
| PTEN | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.21% | 5.85% | +11.36% |
Volatility (6M)Calculated over the trailing 6-month period | 38.57% | 16.71% | +21.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.85% | 21.05% | +29.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.08% | 25.77% | +29.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.35% | 29.57% | +32.78% |
Dividends
PTEN vs. XLE - Dividend Comparison
PTEN's dividend yield for the trailing twelve months is around 3.44%, more than XLE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 3.44% | 5.24% | 3.87% | 2.96% | 1.19% | 0.95% | 1.90% | 1.52% | 1.35% | 0.35% | 0.59% | 2.65% |
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
PTEN and XLE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTEN has higher volatility (17.21%) compared to XLE (5.85%). In terms of maximum drawdown, PTEN dropped -95.13% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.95 vs 1.71), 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.
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