XES vs. XLEI
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. Over the past year, XES returned 76.64% vs 35.36% for XLEI. Their 0.67 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
XES vs. XLEI - Performance Comparison
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Returns By Period
In the year-to-date period, XES achieves a 36.38% return, which is significantly higher than XLEI's 24.56% return.
XES
- 1D
- 3.09%
- 1M
- 4.23%
- 6M
- 12.93%
- YTD
- 36.38%
- 1Y
- 76.64%
- 3Y*
- 7.20%
- 5Y*
- 17.17%
- 10Y*
- -2.88%
- ALL TIME*
- -3.56%
XLEI
- 1D
- 0.78%
- 1M
- 10.90%
- 6M
- 15.89%
- YTD
- 24.56%
- 1Y
- 35.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 32.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.46M | $8.52M | $12.51M | |
| $1.55M | $1.39M | $1.31M |
XES vs. XLEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 36.38% | 18.56% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 24.56% | 6.17% |
Correlation
The correlation between XES and XLEI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.67 |
The correlation between XES and XLEI has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
XES vs. XLEI - Sectors Allocation Comparison
Sectors
XES
XLEI
Energy
Industrials
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
XES
XLEI
Industrials
XES
XLEI
-
Basic Materials
XES
-
XLEI
-
Communication Services
XES
-
XLEI
-
Consumer Cyclical
XES
-
XLEI
-
Consumer Defensive
XES
-
XLEI
-
Financial Services
XES
-
XLEI
Healthcare
XES
-
XLEI
-
Real Estate
XES
-
XLEI
-
Technology
XES
-
XLEI
-
Utilities
XES
-
XLEI
-
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Return for Risk
XES vs. XLEI — Risk / Return Rank
XES
XLEI
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.
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.
| XES | XLEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 4.11 | -0.88 |
| Martin ratioReturn relative to average drawdown | 10.31 | 12.37 | -2.06 |
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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 -8.19%. Use the drawdown chart below to compare losses from any high point for XES and XLEI.
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Drawdown Indicators
| XES | XLEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -8.19% | -87.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.48% | -8.19% | -13.29% |
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 DrawdownCurrent decline from peak | -73.66% | 0.00% | -73.66% |
Average DrawdownAverage peak-to-trough decline | -54.50% | -1.84% | -52.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 2.74% | +3.99% |
Volatility
XES vs. XLEI - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 9.34% compared to State Street Energy Select Sector SPDR Premium Income ETF (XLEI) at 3.96%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XES | XLEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 3.96% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.60% | 11.26% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.74% | 14.03% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.63% | 14.02% | +24.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.85% | 14.02% | +30.83% |
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 1.17%, less than XLEI's 18.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.17% | 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 | 18.37% | 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
XES and XLEI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XES has higher volatility (9.34%) compared to XLEI (3.96%). In terms of maximum drawdown, XES dropped -95.65% vs XLEI's -8.19%.
On 1-year performance, XES leads with 76.64% vs 35.36% for XLEI. Both ETFs have the same 0.35% expense ratio. On volatility, XLEI has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XES has performed better with a 76.64% return vs 35.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XES and XLEI have the same expense ratio: 0.35% per year.
XLEI has the higher dividend yield at 18.37%, compared with 1.17% for XES.
XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while XLEI tracks S&P Energy Select Sector.
XLEI currently has the higher Sharpe Ratio (2.40 vs 2.26), 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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