XLE vs. FNGS
XLE (State Street Energy Select Sector SPDR ETF) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - XLE is a Energy Equities fund tracking the Energy Select Sector Index, while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Both are passively managed. Over the past 5 years, XLE returned 20.12%/yr vs 19.76%/yr for FNGS. At a 0.15 correlation, their price movements are largely independent. XLE charges 0.08%/yr vs 0.58%/yr for FNGS.
Performance
XLE vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, XLE achieves a 29.56% return, which is significantly higher than FNGS's 6.79% return.
XLE
- 1D
- 0.75%
- 1M
- -0.14%
- YTD
- 29.56%
- 6M
- 28.37%
- 1Y
- 37.19%
- 3Y*
- 16.18%
- 5Y*
- 20.12%
- 10Y*
- 9.91%
FNGS
- 1D
- -0.94%
- 1M
- -3.20%
- YTD
- 6.79%
- 6M
- 4.25%
- 1Y
- 17.02%
- 3Y*
- 29.80%
- 5Y*
- 19.76%
- 10Y*
- —
XLE vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 4.00% |
FNGS MicroSectors FANG+ ETN | 6.79% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between XLE and FNGS is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.15 |
The correlation between XLE and FNGS shifts across timeframes, from -0.19 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
XLE vs. FNGS - Sectors Allocation Comparison
Sectors
XLE
FNGS
Energy
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Energy
XLE
FNGS
-
Basic Materials
XLE
-
FNGS
-
Communication Services
XLE
-
FNGS
Consumer Cyclical
XLE
-
FNGS
Consumer Defensive
XLE
-
FNGS
-
Financial Services
XLE
-
FNGS
Healthcare
XLE
-
FNGS
-
Industrials
XLE
-
FNGS
-
Real Estate
XLE
-
FNGS
-
Technology
XLE
-
FNGS
Utilities
XLE
-
FNGS
-
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Return for Risk
XLE vs. FNGS — Risk / Return Rank
XLE
FNGS
XLE vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) and MicroSectors FANG+ ETN (FNGS). 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 | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 0.75 | +2.35 |
| Martin ratioReturn relative to average drawdown | 8.63 | 2.12 | +6.52 |
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Drawdowns
XLE vs. FNGS - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.26%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for XLE and FNGS.
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Drawdown Indicators
| XLE | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -48.98% | -22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -22.93% | +10.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -26.77% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -48.98% | +22.94% |
Max Drawdown (10Y)Largest decline over 10 years | -66.81% | — | — |
Current DrawdownCurrent decline from peak | -8.01% | -9.63% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -10.85% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 8.05% | -3.73% |
Volatility
XLE vs. FNGS - Volatility Comparison
The current volatility for State Street Energy Select Sector SPDR ETF (XLE) is 7.26%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 8.74%. This indicates that XLE experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLE | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 8.74% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.79% | 17.19% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 21.65% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.05% | 30.10% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 31.17% | -1.59% |
XLE vs. FNGS - Expense Ratio Comparison
XLE has a 0.08% expense ratio, which is lower than FNGS's 0.58% expense ratio.
Dividends
XLE vs. FNGS - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 2.59%, while FNGS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 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 | 2.59% | 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
XLE and FNGS have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGS has higher volatility (8.74%) compared to XLE (7.26%). In terms of maximum drawdown, XLE dropped -71.26% vs FNGS's -48.98%.
On 5-year performance, XLE leads with 20.12% vs 19.76% for FNGS. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLE has performed better with a 20.12% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.58% for FNGS.
XLE has the higher dividend yield at 2.59%, compared with 0.00% for FNGS.
XLE is categorized as Energy Equities, while FNGS is Large Cap Growth Equities. XLE tracks Energy Select Sector Index, while FNGS tracks NYSE FANG+ Index. They also come from different issuers: State Street and BMO. Their fees differ too: 0.08% for XLE and 0.58% for FNGS.
XLE currently has the higher Sharpe Ratio (1.82 vs 0.79), 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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