XEL vs. XLG

Last updated Jun 4, 2026

XEL (Xcel Energy Inc.) is a stock, while XLG (Invesco S&P 500 Top 50 ETF) is S&P 500 fund tracking the S&P 500 Top 50 Index. Over the past 10 years, XEL returned 9.57%/yr vs 17.27%/yr for XLG. At a 0.35 correlation, their price movements are largely independent.

Performance

XEL vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xcel Energy Inc. (XEL) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEL achieves a 5.55% return, which is significantly lower than XLG's 7.57% return. Over the past 10 years, XEL has underperformed XLG with an annualized return of 9.57%, while XLG has yielded a comparatively higher 17.27% annualized return.

XEL

• 1D: -0.62%
• 1M: -4.66%
• YTD: 5.55%
• 6M: 0.22%
• 1Y: 15.16%
• 3Y*: 10.75%
• 5Y*: 5.29%
• 10Y*: 9.57%

XLG

• 1D: -1.15%
• 1M: 4.22%
• YTD: 7.57%
• 6M: 7.32%
• 1Y: 28.54%
• 3Y*: 24.46%
• 5Y*: 16.24%
• 10Y*: 17.27%

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

XEL vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XEL Xcel Energy Inc.	5.55%	13.89%	12.32%	-8.67%	6.44%	4.40%	7.77%	32.37%	5.88%	21.91%
XLG Invesco S&P 500 Top 50 ETF	7.57%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%

Correlation

The correlation between XEL and XLG 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	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 11, 2005	0.35

The correlation between XEL and XLG shifts across timeframes, from -0.06 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XEL vs. XLG — Risk / Return Rank

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

XEL

XEL Risk / Return Rank: 63
XEL Sharpe Ratio Rank: 65
XEL Sortino Ratio Rank: 61
XEL Omega Ratio Rank: 57
XEL Calmar Ratio Rank: 66
XEL Martin Ratio Rank: 68

XLG

XLG Risk / Return Rank: 56
XLG Sharpe Ratio Rank: 63
XLG Sortino Ratio Rank: 61
XLG Omega Ratio Rank: 61
XLG Calmar Ratio Rank: 46
XLG Martin Ratio Rank: 51

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.

XEL vs. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xcel Energy Inc. (XEL) and Invesco S&P 500 Top 50 ETF (XLG). 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.

	XEL	XLG	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.15	-1.35
Sortino ratio: Return per unit of downside risk	1.31	2.92	-1.61
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.22
Calmar ratio: Return relative to maximum drawdown	1.32	2.31	-0.99
Martin ratio: Return relative to average drawdown	3.51	8.66	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEL vs. XLG - Sharpe Ratio Comparison

The current XEL Sharpe Ratio is 0.80, which is lower than the XLG Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of XEL and XLG, 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

	XEL	XLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.15	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.87	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.92	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.62	-0.22

Drawdowns

XEL vs. XLG - Drawdown Comparison

The maximum XEL drawdown since its inception was -80.64%, which is greater than XLG's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for XEL and XLG.

Drawdown Indicators

	XEL	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-80.64%	-52.39%	-28.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-12.41%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-24.42%	-20.70%	-3.72%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-28.02%	-6.39%
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	-30.46%	-3.95%
Current Drawdown Current decline from peak	-7.09%	-1.44%	-5.65%
Average Drawdown Average peak-to-trough decline	-11.32%	-7.64%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	3.30%	+1.04%

Volatility

XEL vs. XLG - Volatility Comparison

Xcel Energy Inc. (XEL) has a higher volatility of 6.69% compared to Invesco S&P 500 Top 50 ETF (XLG) at 3.19%. This indicates that XEL's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEL	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	3.19%	+3.50%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	9.80%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	13.33%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.80%	18.68%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	18.84%	+2.84%

Dividends

XEL vs. XLG - Dividend Comparison

XEL's dividend yield for the trailing twelve months is around 2.98%, more than XLG's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XEL Xcel Energy Inc.	2.98%	3.83%	2.43%	3.36%	2.78%	2.70%	2.58%	2.55%	3.09%	2.99%	3.34%	3.56%
XLG Invesco S&P 500 Top 50 ETF	0.60%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XEL and XLG in my portfolio?

XEL and XLG 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 is riskier, XEL or XLG?

XEL has higher volatility (6.69%) compared to XLG (3.19%). In terms of maximum drawdown, XEL dropped -80.64% vs XLG's -52.39%.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (2.15 vs 0.80), 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.