XLE vs. CAIE

Last updated Jun 16, 2026

XLE (State Street Energy Select Sector SPDR ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - XLE is a Energy Equities fund tracking the Energy Select Sector Index, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. XLE charges 0.08%/yr vs 0.74%/yr for CAIE.

Performance

XLE vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR ETF (XLE) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLE achieves a 25.06% return, which is significantly higher than CAIE's 8.63% return.

XLE

• 1D: -3.48%
• 1M: -6.54%
• YTD: 25.06%
• 6M: 24.78%
• 1Y: 30.16%
• 3Y*: 14.85%
• 5Y*: 19.05%
• 10Y*: 9.49%

CAIE

• 1D: 1.15%
• 1M: 1.01%
• YTD: 8.63%
• 6M: 9.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLE vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
XLE State Street Energy Select Sector SPDR ETF	25.06%	7.12%
CAIE Calamos Autocallable Income ETF	8.63%	15.12%

Correlation

The correlation between XLE and CAIE is -0.05, 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 (All Time) Calculated using the full available price history since Jun 25, 2025	-0.05

XLE vs. CAIE - Sectors Allocation Comparison

Sectors	XLE	CAIE
Energy	100.0%	-
Basic Materials	-	13.2%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XLE vs. CAIE — Risk / Return Rank

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

XLE

XLE Risk / Return Rank: 46
XLE Sharpe Ratio Rank: 46
XLE Sortino Ratio Rank: 43
XLE Omega Ratio Rank: 41
XLE Calmar Ratio Rank: 56
XLE Martin Ratio Rank: 46

CAIE

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.

XLE vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) and Calamos Autocallable Income ETF (CAIE). 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.

	XLE	CAIE	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.51	—	—
Martin ratio: Return relative to average drawdown	6.91	—	—

Drawdowns

XLE vs. CAIE - Drawdown Comparison

The maximum XLE drawdown since its inception was -71.26%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for XLE and CAIE.

Drawdown Indicators

	XLE	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-71.26%	-7.73%	-63.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.81%	—	—
Current Drawdown Current decline from peak	-11.21%	-0.80%	-10.41%
Average Drawdown Average peak-to-trough decline	-17.97%	-1.08%	-16.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	—	—

Volatility

Volatility by Period

	XLE	CAIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	12.08%	+8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.10%	12.08%	+14.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.61%	12.08%	+17.53%

XLE vs. CAIE - Expense Ratio Comparison

XLE has a 0.08% expense ratio, which is lower than CAIE's 0.74% expense ratio.

Dividends

XLE vs. CAIE - Dividend Comparison

XLE's dividend yield for the trailing twelve months is around 2.69%, less than CAIE's 13.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIE Calamos Autocallable Income ETF	13.15%	7.46%	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	2.69%	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 XLE and CAIE in my portfolio?

XLE and CAIE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLE or CAIE?

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, XLE or CAIE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.74% for CAIE.

Which ETF pays a higher dividend yield, XLE or CAIE?

CAIE has the higher dividend yield at 13.15%, compared with 2.69% for XLE.

What is the main difference between XLE and CAIE?

XLE is categorized as Energy Equities, while CAIE is Derivative Income. XLE tracks Energy Select Sector Index, while CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index. They also come from different issuers: State Street and Calamos. Their fees differ too: 0.08% for XLE and 0.74% for CAIE.