XES vs. XLEI

Last updated Jun 3, 2026

XES (SPDR S&P Oil & Gas Equipment & Services ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds from State Street - XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index while XLEI tracks the S&P Energy Select Sector. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

XES vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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, XES achieves a 51.54% return, which is significantly higher than XLEI's 19.17% return.

XES

• 1D: 2.58%
• 1M: -3.51%
• YTD: 51.54%
• 6M: 51.49%
• 1Y: 106.77%
• 3Y*: 20.03%
• 5Y*: 14.11%
• 10Y*: -2.41%

XLEI

• 1D: 1.02%
• 1M: 0.90%
• YTD: 19.17%
• 6M: 20.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XES vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
XES SPDR S&P Oil & Gas Equipment & Services ETF	51.54%	21.81%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	19.17%	6.77%

Correlation

The correlation between XES and XLEI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.68

XES vs. XLEI - Sectors Allocation Comparison

Sectors	XES	XLEI
Energy	97.5%	-
Industrials	2.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.3%
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XES vs. XLEI — Risk / Return Rank

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

XES

XES Risk / Return Rank: 92
XES Sharpe Ratio Rank: 93
XES Sortino Ratio Rank: 89
XES Omega Ratio Rank: 84
XES Calmar Ratio Rank: 97
XES Martin Ratio Rank: 95

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.

XES vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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.

	XES	XLEI	Difference
Sharpe ratio Return per unit of total volatility	3.52	—	—
Sortino ratio Return per unit of downside risk	4.12	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	11.21	—	—
Martin ratio Return relative to average drawdown	30.56	—	—
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

	XES	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	2.54	-2.61

Drawdowns

XES vs. XLEI - Drawdown Comparison

The maximum XES drawdown since its inception was -95.65%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for XES and XLEI.

Drawdown Indicators

	XES	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-95.65%	-7.98%	-87.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.23%	—	—
Current Drawdown Current decline from peak	-70.73%	-2.00%	-68.73%
Average Drawdown Average peak-to-trough decline	-54.36%	-1.52%	-52.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	XES	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.52%	13.15%	+17.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.04%	13.15%	+25.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.05%	13.15%	+31.90%

XES vs. XLEI - Expense Ratio Comparison

Both XES and XLEI have an expense ratio of 0.35%.

Dividends

XES vs. XLEI - Dividend Comparison

XES's dividend yield for the trailing twelve months is around 1.12%, less than XLEI's 16.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.12%	1.69%	1.31%	0.66%	0.36%	1.81%	1.33%	1.43%	1.14%	1.68%	0.64%	2.47%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.76%	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 XES and XLEI in my portfolio?

XES and XLEI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XES or XLEI?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XES or XLEI?

XES and XLEI have the same expense ratio: 0.35% per year.

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

XLEI has the higher dividend yield at 16.76%, compared with 1.12% for XES.

What is the main difference between XES and XLEI?

XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while XLEI tracks S&P Energy Select Sector.