SPIB vs. XLE
SPIB (SPDR Portfolio Intermediate Term Corporate Bond ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - SPIB is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, SPIB returned 2.86%/yr vs 10.22%/yr for XLE. At a correlation of -0.08, they often move in opposite directions. SPIB charges 0.07%/yr vs 0.08%/yr for XLE.
Performance
SPIB vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, SPIB achieves a 0.46% return, which is significantly lower than XLE's 32.17% return. Over the past 10 years, SPIB has underperformed XLE with an annualized return of 2.86%, while XLE has yielded a comparatively higher 10.22% annualized return.
SPIB
- 1D
- -0.09%
- 1M
- 0.25%
- YTD
- 0.46%
- 6M
- 0.59%
- 1Y
- 5.27%
- 3Y*
- 5.79%
- 5Y*
- 1.79%
- 10Y*
- 2.86%
XLE
- 1D
- 1.29%
- 1M
- -1.14%
- YTD
- 32.17%
- 6M
- 29.80%
- 1Y
- 45.00%
- 3Y*
- 17.46%
- 5Y*
- 20.44%
- 10Y*
- 10.22%
SPIB vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 0.46% | 7.91% | 4.28% | 7.27% | -9.65% | -1.24% | 7.69% | 10.23% | -0.49% | 3.76% |
XLE State Street Energy Select Sector SPDR ETF | 32.17% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between SPIB and XLE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2009 | -0.08 |
The correlation between SPIB and XLE shifts across timeframes, from -0.23 (1 year) to -0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPIB vs. XLE — Risk / Return Rank
SPIB
XLE
SPIB vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and State Street Energy Select Sector SPDR ETF (XLE). 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.
| SPIB | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.75 | -1.13 |
| Martin ratioReturn relative to average drawdown | 9.13 | 10.92 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPIB | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.21 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.79 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.35 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.31 | +0.57 |
Drawdowns
SPIB vs. XLE - Drawdown Comparison
The maximum SPIB drawdown since its inception was -14.94%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for SPIB and XLE.
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Drawdown Indicators
| SPIB | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -71.26% | +56.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -12.05% | +10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.18% | -20.14% | +16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -26.04% | +11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -66.81% | +51.87% |
Current DrawdownCurrent decline from peak | -0.78% | -6.15% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -17.98% | +16.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 4.14% | -3.56% |
Volatility
SPIB vs. XLE - Volatility Comparison
The current volatility for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is 0.93%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.25%. This indicates that SPIB experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIB | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 8.25% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 16.58% | -14.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 20.53% | -17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 26.02% | -21.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 29.59% | -24.99% |
SPIB vs. XLE - Expense Ratio Comparison
SPIB has a 0.07% expense ratio, which is lower than XLE's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPIB vs. XLE - Dividend Comparison
SPIB's dividend yield for the trailing twelve months is around 4.46%, more than XLE's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.46% | 4.42% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.04% | 2.79% | 2.68% | 2.69% |
XLE State Street Energy Select Sector SPDR ETF | 2.54% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
SPIB and XLE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (8.25%) compared to SPIB (0.93%). In terms of maximum drawdown, SPIB dropped -14.94% vs XLE's -71.26%.
On 10-year performance, XLE leads with 10.22% vs 2.86% for SPIB. On fees, SPIB is cheaper at 0.07% per year. On volatility, SPIB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLE has performed better with a 10.22% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPIB is cheaper with a 0.07% expense ratio, compared with 0.08% for XLE.
SPIB has the higher dividend yield at 4.46%, compared with 2.54% for XLE.
SPIB is categorized as Corporate Bonds, while XLE is Energy Equities. SPIB tracks Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate, while XLE tracks Energy Select Sector Index. Their fees differ too: 0.07% for SPIB and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (2.21 vs 1.87), 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.
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