PUI vs. XLUI

Last updated Aug 2, 2026

PUI (Invesco DWA Utilities Momentum ETF) and XLUI (State Street Utilities Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PUI is a Momentum fund tracking the DWA Utilities Technical Leaders Index, while XLUI is a Utilities Equities fund actively managed by State Street. PUI is passively managed, while XLUI is actively managed. Over the past year, PUI returned 4.90% vs 8.36% for XLUI. Their correlation of 0.83 means they have usually moved in the same direction. PUI charges 0.60%/yr vs 0.35%/yr for XLUI.

Performance

PUI vs. XLUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Utilities Momentum ETF (PUI) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUI achieves a 5.60% return, which is significantly lower than XLUI's 8.22% return.

PUI

• 1D: -0.27%
• 1M: -4.01%
• 6M: 2.49%
• YTD: 5.60%
• 1Y: 4.90%
• 3Y*: 13.99%
• 5Y*: 8.49%
• 10Y*: 7.81%
• ALL TIME*: 8.18%

XLUI

• 1D: -0.50%
• 1M: -1.79%
• 6M: 6.47%
• YTD: 8.22%
• 1Y: 8.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PUI Invesco DWA Utilities Momentum ETF	$210.08K	$1.19M	$591.02K
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	$811.48K	$735.97K	$652.13K

PUI vs. XLUI - Yearly Performance Comparison

	2026 (YTD)	2025
PUI Invesco DWA Utilities Momentum ETF	5.60%	0.97%
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	8.22%	0.27%

Correlation

The correlation between PUI and XLUI is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.83

The correlation between PUI and XLUI has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

PUI vs. XLUI - Sectors Allocation Comparison

Sectors	PUI	XLUI
Utilities	88.7%	-
Energy	8.7%	-
Industrials	2.4%	-
Communication Services	1.7%	-
Financial Services	0.1%	100.4%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

PUI vs. XLUI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PUI

PUI Risk / Return Rank: 17
PUI Sharpe Ratio Rank: 18
PUI Sortino Ratio Rank: 17
PUI Omega Ratio Rank: 16
PUI Calmar Ratio Rank: 18
PUI Martin Ratio Rank: 18

XLUI

XLUI Risk / Return Rank: 33
XLUI Sharpe Ratio Rank: 31
XLUI Sortino Ratio Rank: 28
XLUI Omega Ratio Rank: 29
XLUI Calmar Ratio Rank: 40
XLUI Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PUI vs. XLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). 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.

	PUI	XLUI	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.75	-0.44
Sortino ratio: Return per unit of downside risk	0.53	1.06	-0.53
Omega ratio: Gain probability vs. loss probability	1.06	1.14	-0.08
Calmar ratio: Return relative to maximum drawdown	0.43	1.42	-0.99
Martin ratio: Return relative to average drawdown	0.95	3.39	-2.43

PUI vs. XLUI - Sharpe Ratio Comparison

The current PUI Sharpe Ratio is 0.32, which is lower than the XLUI Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of PUI and XLUI, 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

PUI vs. XLUI - Drawdown Comparison

The maximum PUI drawdown since its inception was -43.20%, which is greater than XLUI's maximum drawdown of -6.01%. Use the drawdown chart below to compare losses from any high point for PUI and XLUI.

Drawdown Indicators

	PUI	XLUI	Difference
Max Drawdown Largest peak-to-trough decline	-43.20%	-6.01%	-37.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-6.01%	-5.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	-5.95%	-3.64%	-2.31%
Average Drawdown Average peak-to-trough decline	-8.42%	-1.87%	-6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	2.51%	+2.47%

Volatility

PUI vs. XLUI - Volatility Comparison

Invesco DWA Utilities Momentum ETF (PUI) has a higher volatility of 4.20% compared to State Street Utilities Select Sector SPDR Premium Income ETF (XLUI) at 3.81%. This indicates that PUI's price experiences larger fluctuations and is considered to be riskier than XLUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUI	XLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	3.81%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	8.94%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	11.32%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	11.30%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	11.30%	+7.79%

PUI vs. XLUI - Expense Ratio Comparison

PUI has a 0.60% expense ratio, which is higher than XLUI's 0.35% expense ratio.

Dividends

PUI vs. XLUI - Dividend Comparison

PUI's dividend yield for the trailing twelve months is around 2.05%, less than XLUI's 14.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUI Invesco DWA Utilities Momentum ETF	2.05%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	14.00%	7.12%	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 PUI and XLUI in my portfolio?

PUI and XLUI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PUI or XLUI?

PUI has higher volatility (4.20%) compared to XLUI (3.81%). In terms of maximum drawdown, PUI dropped -43.20% vs XLUI's -6.01%.

Which ETF is better, PUI or XLUI?

On 1-year performance, XLUI leads with 8.36% vs 4.90% for PUI. On fees, XLUI is cheaper at 0.35% per year. On volatility, XLUI has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PUI or XLUI?

Over the 1-year period, XLUI has performed better with a 8.36% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PUI or XLUI?

XLUI is cheaper with a 0.35% expense ratio, compared with 0.60% for PUI.

Which ETF pays a higher dividend yield, PUI or XLUI?

XLUI has the higher dividend yield at 14.00%, compared with 2.05% for PUI.

What is the main difference between PUI and XLUI?

PUI is categorized as Momentum, while XLUI is Utilities Equities. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.60% for PUI and 0.35% for XLUI.

Which has better risk-adjusted returns?

XLUI currently has the higher Sharpe Ratio (0.75 vs 0.32), 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.