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. With a 0.99 correlation, they move nearly in lockstep. XLE charges 0.08%/yr vs 0.15%/yr for GXPE.
Performance
XLE vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, XLE achieves a 21.47% return, which is significantly higher than GXPE's 20.25% return.
XLE
- 1D
- -1.63%
- 1M
- -9.30%
- YTD
- 21.47%
- 6M
- 22.40%
- 1Y
- 30.11%
- 3Y*
- 15.10%
- 5Y*
- 18.36%
- 10Y*
- 9.19%
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 21.47% | 6.41% |
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
Correlation
The correlation between XLE and GXPE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.99 |
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Return for Risk
XLE vs. GXPE — Risk / Return Rank
XLE
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | — | — |
| Martin ratioReturn relative to average drawdown | 6.33 | — | — |
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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 -14.89%. 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% | -14.89% | -56.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | — | — |
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 DrawdownCurrent decline from peak | -13.75% | -14.64% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -17.96% | -3.66% | -14.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | — | — |
Volatility
XLE vs. GXPE - Volatility Comparison
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Volatility by Period
| XLE | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 20.74% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.99% | 20.74% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.60% | 20.74% | +8.86% |
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 2.83%, more than GXPE's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 1.00% | 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 | 2.83% | 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.
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.
XLE is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPE.
XLE has the higher dividend yield at 2.83%, compared with 1.00% 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.
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