SIXO vs. XLEI

Last updated Aug 6, 2026

SIXO (AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - SIXO is a Options Trading fund tracking the S&P 500, while XLEI is a Energy Equities fund actively managed by State Street. SIXO is passively managed, while XLEI is actively managed. Over the past year, SIXO returned 8.51% vs 31.42% for XLEI. Their 0.00 correlation means their historical movements had little consistent relationship. SIXO charges 0.74%/yr vs 0.35%/yr for XLEI.

Performance

SIXO vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) 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, SIXO achieves a 4.40% return, which is significantly lower than XLEI's 21.12% return.

SIXO

• 1D: 0.01%
• 1M: 0.87%
• 6M: 3.84%
• YTD: 4.40%
• 1Y: 8.51%
• 3Y*: 9.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.96%

XLEI

• 1D: -1.73%
• 1M: 7.14%
• 6M: 11.38%
• YTD: 21.12%
• 1Y: 31.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.09%

*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)
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF	$751.08K	$453.66K	$823.80K
XLEI State Street Energy Select Sector SPDR Premium Income ETF	$1.76M	$1.48M	$1.32M

SIXO vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF	4.40%	3.83%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	21.12%	6.17%

Correlation

The correlation between SIXO and XLEI is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.00

Return for Risk

SIXO vs. XLEI — Risk / Return Rank

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

SIXO

SIXO Risk / Return Rank: 59
SIXO Sharpe Ratio Rank: 60
SIXO Sortino Ratio Rank: 57
SIXO Omega Ratio Rank: 69
SIXO Calmar Ratio Rank: 51
SIXO Martin Ratio Rank: 58

XLEI

XLEI Risk / Return Rank: 82
XLEI Sharpe Ratio Rank: 86
XLEI Sortino Ratio Rank: 77
XLEI Omega Ratio Rank: 81
XLEI Calmar Ratio Rank: 88
XLEI Martin Ratio Rank: 79

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.

SIXO vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) 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.

	SIXO	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.24	-0.60
Sortino ratio: Return per unit of downside risk	2.26	2.81	-0.55
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.07	3.85	-1.78
Martin ratio: Return relative to average drawdown	7.83	11.59	-3.75

SIXO vs. XLEI - Sharpe Ratio Comparison

The current SIXO Sharpe Ratio is 1.63, which is comparable to the XLEI Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SIXO and XLEI, 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

SIXO vs. XLEI - Drawdown Comparison

The maximum SIXO drawdown since its inception was -12.04%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for SIXO and XLEI.

Drawdown Indicators

	SIXO	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-12.04%	-8.19%	-3.85%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	-8.19%	+4.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.95%	—	—
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.83%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	2.72%	-1.63%

Volatility

SIXO vs. XLEI - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) is 0.84%, while State Street Energy Select Sector SPDR Premium Income ETF (XLEI) has a volatility of 4.35%. This indicates that SIXO experiences smaller price fluctuations and is considered to be less risky than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXO	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	4.35%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	3.71%	11.40%	-7.69%
Volatility (1Y) Calculated over the trailing 1-year period	5.23%	14.12%	-8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	14.11%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	14.11%	-5.17%

SIXO vs. XLEI - Expense Ratio Comparison

SIXO has a 0.74% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

SIXO vs. XLEI - Dividend Comparison

SIXO has not paid dividends to shareholders, while XLEI's dividend yield for the trailing twelve months is around 20.64%.

Position	TTM	2025
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF	0.00%	0.00%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.64%	10.17%

Frequently Asked Questions

Can I hold both SIXO and XLEI in my portfolio?

SIXO and XLEI have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXO or XLEI?

XLEI has higher volatility (4.35%) compared to SIXO (0.84%). In terms of maximum drawdown, SIXO dropped -12.04% vs XLEI's -8.19%.

Which ETF is better, SIXO or XLEI?

On 1-year performance, XLEI leads with 31.42% vs 8.51% for SIXO. On fees, XLEI is cheaper at 0.35% per year. On volatility, SIXO has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXO or XLEI?

Over the 1-year period, XLEI has performed better with a 31.42% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXO or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.74% for SIXO.

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

XLEI has the higher dividend yield at 20.64%, compared with 0.00% for SIXO.

What is the main difference between SIXO and XLEI?

SIXO is categorized as Options Trading, while XLEI is Energy Equities. They also come from different issuers: Allianz and State Street. Their fees differ too: 0.74% for SIXO and 0.35% for XLEI.

Which has better risk-adjusted returns?

XLEI currently has the higher Sharpe Ratio (2.24 vs 1.63), 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.