XLE vs. GXPE
XLE (State Street Energy Select Sector SPDR ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - XLE tracks the Energy Select Sector Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. Over the past year, XLE returned 38.22% vs 37.19% for GXPE. Their 0.99 correlation means they have historically moved very closely together. XLE charges 0.08%/yr vs 0.15%/yr for GXPE.
Performance
XLE vs. GXPE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XLE having a 29.95% return and GXPE slightly lower at 29.57%.
XLE
- 1D
- -2.07%
- 1M
- 7.87%
- 6M
- 9.98%
- YTD
- 29.95%
- 1Y
- 38.22%
- 3Y*
- 13.23%
- 5Y*
- 22.66%
- 10Y*
- 9.80%
- ALL TIME*
- 8.71%
GXPE
- 1D
- -1.97%
- 1M
- 8.26%
- 6M
- 9.54%
- YTD
- 29.57%
- 1Y
- 37.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.44K | $21.90K | $22.76K | |
| $1.81B | $1.78B | $1.93B |
XLE vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 29.95% | 6.41% |
GXPE Global X PureCap MSCI Energy ETF | 29.57% | 4.62% |
Correlation
The correlation between XLE and GXPE is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.99 |
The correlation between XLE and GXPE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
XLE vs. GXPE — Risk / Return Rank
XLE
GXPE
XLE vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.38 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.80 | 6.26 | +0.54 |
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Drawdowns
XLE vs. GXPE - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.26%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for XLE and GXPE.
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Drawdown Indicators
| XLE | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -15.73% | -55.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -15.73% | +0.75% |
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 DrawdownCurrent decline from peak | -7.73% | -8.02% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -17.93% | -4.31% | -13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 5.96% | -0.32% |
Volatility
XLE vs. GXPE - Volatility Comparison
State Street Energy Select Sector SPDR ETF (XLE) and Global X PureCap MSCI Energy ETF (GXPE) have volatilities of 6.16% and 6.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLE | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 6.04% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.48% | 16.52% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 20.84% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 20.68% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 20.68% | +8.90% |
XLE vs. GXPE - Expense Ratio Comparison
XLE has a 0.08% expense ratio, which is lower than GXPE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLE vs. GXPE - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 2.65%, more than GXPE's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 2.15% | 1.20% | 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 | 2.65% | 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
With a correlation of 0.99, XLE and GXPE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
XLE has higher volatility (6.16%) compared to GXPE (6.04%). In terms of maximum drawdown, XLE dropped -71.26% vs GXPE's -15.73%.
On 1-year performance, XLE leads with 38.22% vs 37.19% for GXPE. On fees, XLE is cheaper at 0.08% per year. On volatility, GXPE has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLE has performed better with a 38.22% return vs 37.19%. 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 0.15% for GXPE.
XLE has the higher dividend yield at 2.65%, compared with 2.15% for GXPE.
XLE tracks Energy Select Sector Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.08% for XLE and 0.15% for GXPE.
XLE currently has the higher Sharpe Ratio (1.82 vs 1.79), 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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