PXE vs. XLEI

Last updated Jun 4, 2026

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 0.84 suggests significant overlap in exposure. PXE charges 0.63%/yr vs 0.35%/yr for XLEI.

Performance

PXE vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Energy Exploration & Production ETF (PXE) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXE achieves a 33.64% return, which is significantly higher than XLEI's 20.42% return.

PXE

• 1D: 1.36%
• 1M: -4.42%
• YTD: 33.64%
• 6M: 22.49%
• 1Y: 37.56%
• 3Y*: 15.66%
• 5Y*: 18.55%
• 10Y*: 8.62%

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PXE vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
PXE Invesco Dynamic Energy Exploration & Production ETF	33.64%	-2.12%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

Correlation

The correlation between PXE and XLEI is 0.84, 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	0.84

PXE vs. XLEI - Sectors Allocation Comparison

Sectors	PXE	XLEI
Energy	97.4%	-
Basic Materials	2.6%	-
Financial Services	0.3%	100.3%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PXE vs. XLEI — Risk / Return Rank

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

PXE

PXE Risk / Return Rank: 40
PXE Sharpe Ratio Rank: 38
PXE Sortino Ratio Rank: 35
PXE Omega Ratio Rank: 33
PXE Calmar Ratio Rank: 55
PXE Martin Ratio Rank: 41

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.

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.

	PXE	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	1.86	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.72	—	—
Martin ratio: Return relative to average drawdown	6.58	—	—
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

	PXE	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	2.65	-2.48

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 -7.98%. Use the drawdown chart below to compare losses from any high point for PXE and XLEI.

Drawdown Indicators

	PXE	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-83.99%	-7.98%	-76.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	—	—
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 Drawdown Current decline from peak	-7.57%	-0.97%	-6.60%
Average Drawdown Average peak-to-trough decline	-27.99%	-1.52%	-26.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	—	—

Volatility

Volatility by Period

	PXE	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.48%	13.16%	+14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.66%	13.16%	+20.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.99%	13.16%	+23.83%

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 1.99%, less than XLEI's 16.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXE Invesco Dynamic Energy Exploration & Production ETF	1.99%	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	16.59%	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

Can I hold both PXE and XLEI in my portfolio?

PXE and XLEI 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 ETF is better, PXE or XLEI?

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.

Which ETF is cheaper, PXE or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.63% for PXE.

Which ETF pays a higher dividend yield, PXE or XLEI?

XLEI has the higher dividend yield at 16.59%, compared with 1.99% for PXE.

What is the main difference between PXE and XLEI?

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.