XDWE.L vs. XLE

Last updated Jun 5, 2026

XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - XDWE.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, XDWE.L returned 12.33%/yr vs 10.81%/yr for XLE. At a 0.40 correlation, their price movements are largely independent. XDWE.L charges 0.20%/yr vs 0.08%/yr for XLE.

Performance

XDWE.L vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDWE.L is traded in GBp, while XLE is traded in USD. To make them comparable, the XLE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDWE.L achieves a 9.58% return, which is significantly lower than XLE's 32.80% return. Over the past 10 years, XDWE.L has outperformed XLE with an annualized return of 12.33%, while XLE has yielded a comparatively lower 10.81% annualized return.

XDWE.L

• 1D: 0.42%
• 1M: 4.78%
• YTD: 9.58%
• 6M: 9.98%
• 1Y: 21.00%
• 3Y*: 12.24%
• 5Y*: 9.36%
• 10Y*: 12.33%

XLE

• 1D: 0.07%
• 1M: -0.27%
• YTD: 32.80%
• 6M: 28.44%
• 1Y: 49.42%
• 3Y*: 14.79%
• 5Y*: 21.76%
• 10Y*: 10.81%

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

XDWE.L vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C	9.58%	3.94%	14.06%	7.78%	-1.34%	31.37%	7.89%	23.88%	-3.69%	7.95%
XLE State Street Energy Select Sector SPDR ETF	32.80%	0.19%	7.40%	-5.60%	83.86%	54.73%	-34.65%	7.49%	-13.37%	-9.46%

Correlation

The correlation between XDWE.L and XLE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 28, 2014	0.40

Over the past year, the correlation between XDWE.L and XLE has dropped to 0.06 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

XDWE.L vs. XLE - Sectors Allocation Comparison

Sectors	XDWE.L	XLE
Technology	18.3%	-
Industrials	14.7%	-
Financial Services	14.4%	-
Healthcare	10.9%	-
Consumer Cyclical	10.3%	-
Consumer Defensive	6.5%	-
Real Estate	6.2%	-
Utilities	6.1%	-
Energy	4.6%	100.0%
Basic Materials	4.1%	-
Communication Services	4.0%	-

Return for Risk

XDWE.L vs. XLE — Risk / Return Rank

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

XDWE.L

XDWE.L Risk / Return Rank: 68
XDWE.L Sharpe Ratio Rank: 67
XDWE.L Sortino Ratio Rank: 66
XDWE.L Omega Ratio Rank: 66
XDWE.L Calmar Ratio Rank: 75
XDWE.L Martin Ratio Rank: 66

XLE

XLE Risk / Return Rank: 70
XLE Sharpe Ratio Rank: 74
XLE Sortino Ratio Rank: 67
XLE Omega Ratio Rank: 64
XLE Calmar Ratio Rank: 79
XLE Martin Ratio Rank: 65

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.

XDWE.L vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) 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.

	XDWE.L	XLE	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.28	-0.12
Sortino ratio: Return per unit of downside risk	3.01	2.92	+0.10
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio: Return relative to maximum drawdown	3.71	3.62	+0.09
Martin ratio: Return relative to average drawdown	11.83	10.37	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDWE.L vs. XLE - Sharpe Ratio Comparison

The current XDWE.L Sharpe Ratio is 2.17, which is comparable to the XLE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XDWE.L and XLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDWE.L	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.28	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.85	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.37	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.28	+0.48

Drawdowns

XDWE.L vs. XLE - Drawdown Comparison

The maximum XDWE.L drawdown since its inception was -31.08%, smaller than the maximum XLE drawdown of -62.74%. Use the drawdown chart below to compare losses from any high point for XDWE.L and XLE.

Drawdown Indicators

	XDWE.L	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-31.08%	-62.74%	+31.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-13.73%	+8.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-22.57%	+2.90%
Max Drawdown (5Y) Largest decline over 5 years	-19.67%	-22.59%	+2.92%
Max Drawdown (10Y) Largest decline over 10 years	-31.08%	-62.74%	+31.66%
Current Drawdown Current decline from peak	0.00%	-7.19%	+7.19%
Average Drawdown Average peak-to-trough decline	-4.20%	-14.61%	+10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	4.78%	-3.01%

Volatility

XDWE.L vs. XLE - Volatility Comparison

The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) is 2.03%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.94%. This indicates that XDWE.L 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.

Volatility by Period

	XDWE.L	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	8.94%	-6.91%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	17.50%	-11.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.64%	21.86%	-12.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	25.76%	-11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	29.34%	-13.25%

XDWE.L vs. XLE - Expense Ratio Comparison

XDWE.L has a 0.20% expense ratio, which is higher than XLE's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDWE.L vs. XLE - Dividend Comparison

XDWE.L has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both XDWE.L and XLE in my portfolio?

XDWE.L and XLE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDWE.L or XLE?

On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDWE.L or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.20% for XDWE.L.

What is the main difference between XDWE.L and XLE?

XDWE.L is categorized as S&P 500, while XLE is Energy Equities. XDWE.L tracks S&P 500 Equal Weight Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.20% for XDWE.L and 0.08% for XLE.