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XES vs. XLEI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XES vs. XLEI

Last updated Jun 24, 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.

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Returns By Period

In the year-to-date period, XES achieves a 39.22% return, which is significantly higher than XLEI's 14.83% return.

XES

1D
-1.07%
1M
-12.19%
YTD
39.22%
6M
40.00%
1Y
79.49%
3Y*
17.82%
5Y*
12.58%
10Y*
-3.65%

XLEI

1D
0.44%
1M
-4.42%
YTD
14.83%
6M
15.67%
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		39.22%18.56%
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		14.83%6.17%

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 30, 2025

0.68

XES vs. XLEI - Sectors Allocation Comparison

Sectors
XES
XLEI

Energy

97.1%
100.0%

Industrials

2.9%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

100.3%

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XES
97.1%
XLEI
100.0%

Industrials

XES
2.9%
XLEI

-

Basic Materials

XES

-

XLEI

-

Communication Services

XES

-

XLEI

-

Consumer Cyclical

XES

-

XLEI

-

Consumer Defensive

XES

-

XLEI

-

Financial Services

XES

-

XLEI
100.3%

Healthcare

XES

-

XLEI

-

Real Estate

XES

-

XLEI

-

Technology

XES

-

XLEI

-

Utilities

XES

-

XLEI

-

Compare stocks, funds, or ETFs

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SPDR S&P Oil & Gas Equipment & Services ETF

State Street Energy Select Sector SPDR Premium Income ETF

Often compared with XES:
XES vs. OIHXES vs. XLEXES vs. IEZXES vs. PSCEXES vs. PXJXES vs. VDEXES vs. FENY
Often compared with XLEI:
XLEI vs. XLEXLEI vs. MLPIXLEI vs. IEOXLEI vs. RNWZXLEI vs. TNGYXLEI vs. XOPXLEI vs. NBET

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: 8282
Overall Rank
XES Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XES Sortino Ratio Rank: 7777
Sortino Ratio Rank
XES Omega Ratio Rank: 7171
Omega Ratio Rank
XES Calmar Ratio Rank: 9090
Calmar Ratio Rank
XES Martin Ratio Rank: 8989
Martin Ratio Rank
XLEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

XESXLEIDifference
Sharpe ratioReturn per unit of total volatility
2.59

—

—

Sortino ratioReturn per unit of downside risk
3.23

—

—

Omega ratioGain probability vs. loss probability

1.40

—

—

Calmar ratioReturn relative to maximum drawdown

5.32

—

—

Martin ratioReturn relative to average drawdown

18.76

—

—

XES vs. XLEI - Sharpe Ratio Comparison

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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 -7.98%. Use the drawdown chart below to compare losses from any high point for XES and XLEI.

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Drawdown Indicators

XESXLEIDifference

Max Drawdown

Largest peak-to-trough decline

-95.65%

-7.98%

-87.67%

Max Drawdown (1Y)

Largest decline over 1 year

-15.03%

—

—

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

-73.11%

-5.56%

-67.55%

Average Drawdown

Average peak-to-trough decline

-54.40%

-1.67%

-52.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.25%

—

—

Volatility

XES vs. XLEI - Volatility Comparison

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Volatility by Period

XESXLEIDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.30%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

20.80%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

31.19%

13.89%

+17.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.02%

13.89%

+25.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.96%

13.89%

+31.07%

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 1.15%, less than XLEI's 17.40% yield.

PositionTTM20252024202320222021202020192018201720162015
XES
SPDR S&P Oil & Gas Equipment & Services ETF		1.15%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		17.40%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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

XLEI has the higher dividend yield at 17.40%, compared with 1.15% for XES.

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

Portfolio Optimizer

Find the right allocation for XES and XLEI

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