PUI vs. XLUI

Last updated Jun 4, 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. Their correlation of 0.85 suggests significant overlap in exposure. 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 6.30% return, which is significantly higher than XLUI's 4.99% return.

PUI

• 1D: -0.49%
• 1M: -4.33%
• YTD: 6.30%
• 6M: 3.12%
• 1Y: 11.74%
• 3Y*: 15.24%
• 5Y*: 8.55%
• 10Y*: 8.33%

XLUI

• 1D: -0.18%
• 1M: -4.28%
• YTD: 4.99%
• 6M: 3.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PUI vs. XLUI - Yearly Performance Comparison

	2026 (YTD)	2025
PUI Invesco DWA Utilities Momentum ETF	6.30%	-0.23%
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	4.99%	0.51%

Correlation

The correlation between PUI and XLUI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.85

PUI vs. XLUI - Sectors Allocation Comparison

Sectors	PUI	XLUI
Utilities	77.6%	-
Energy	10.5%	-
Industrials	9.8%	-
Communication Services	2.1%	-
Financial Services	0.1%	100.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

PUI vs. XLUI — Risk / Return Rank

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

PUI

PUI Risk / Return Rank: 22
PUI Sharpe Ratio Rank: 22
PUI Sortino Ratio Rank: 21
PUI Omega Ratio Rank: 21
PUI Calmar Ratio Rank: 23
PUI Martin Ratio Rank: 21

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.

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.

	PUI	XLUI	Difference
Sharpe ratio Return per unit of total volatility	0.79	—	—
Sortino ratio Return per unit of downside risk	1.15	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	1.07	—	—
Martin ratio Return relative to average drawdown	2.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PUI	XLUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.60	-0.15

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%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.28%	—	—
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	-5.33%	-4.60%	-0.73%
Average Drawdown Average peak-to-trough decline	-8.46%	-1.92%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	—	—

Volatility

Volatility by Period

	PUI	XLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	11.12%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	11.12%	+5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	11.12%	+7.95%

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 2.11%, less than XLUI's 12.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUI Invesco DWA Utilities Momentum ETF	2.11%	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	12.81%	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 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PUI or XLUI?

On fees, XLUI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 12.81%, compared with 2.11% 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.