PXE vs. XLEI
PXE (Invesco Dynamic Energy Exploration & Production ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - PXE tracks the Dynamic Energy Exploration & Production Intellidex Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. PXE charges 0.63%/yr vs 0.35%/yr for XLEI.
Performance
PXE vs. XLEI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PXE achieves a 30.28% return, which is significantly higher than XLEI's 19.54% return.
PXE
- 1D
- 0.19%
- 1M
- 0.68%
- 6M
- 28.67%
- YTD
- 30.28%
- 1Y
- 25.96%
- 3Y*
- 11.99%
- 5Y*
- 20.19%
- 10Y*
- 8.82%
XLEI
- 1D
- 0.65%
- 1M
- 0.08%
- 6M
- 16.44%
- YTD
- 19.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE vs. XLEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 30.28% | -3.84% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 19.54% | 6.17% |
Correlation
The correlation between PXE and XLEI 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 30, 2025 | 0.85 |
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
PXE vs. XLEI — Risk / Return Rank
PXE
XLEI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXE vs. XLEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.
| PXE | XLEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | — | — |
| Martin ratioReturn relative to average drawdown | 3.73 | — | — |
Loading charts...
Drawdowns
PXE vs. XLEI - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for PXE and XLEI.
Loading charts...
Drawdown Indicators
| PXE | XLEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -8.19% | -75.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -37.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | — | — |
Current DrawdownCurrent decline from peak | -9.89% | -1.69% | -8.20% |
Average DrawdownAverage peak-to-trough decline | -27.91% | -1.90% | -26.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | — | — |
Volatility
PXE vs. XLEI - Volatility Comparison
Loading charts...
Volatility by Period
| PXE | XLEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 14.13% | +13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.47% | 14.13% | +19.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 14.13% | +22.82% |
PXE vs. XLEI - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than XLEI's 0.35% expense ratio.
Dividends
PXE vs. XLEI - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.83%, less than XLEI's 19.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.83% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 19.14% | 10.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PXE and XLEI 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.
On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLEI is cheaper with a 0.35% expense ratio, compared with 0.63% for PXE.
XLEI has the higher dividend yield at 19.14%, compared with 1.83% for PXE.
PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.63% for PXE and 0.35% for XLEI.
Find the right allocation for PXE and XLEI
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