XLE vs. IEO
Compare and contrast key facts about Energy Select Sector SPDR Fund (XLE) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
XLE and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both XLE and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLE or IEO.
Key characteristics
| XLE | IEO | |
|---|---|---|
| YTD Return | 15.77% | 7.08% |
| 1Y Return | 18.13% | 9.42% |
| 3Y Return (Ann) | 22.34% | 18.95% |
| 5Y Return (Ann) | 14.98% | 17.00% |
| 10Y Return (Ann) | 5.03% | 4.53% |
| Sharpe Ratio | 0.89 | 0.32 |
| Sortino Ratio | 1.30 | 0.57 |
| Omega Ratio | 1.16 | 1.07 |
| Calmar Ratio | 1.19 | 0.32 |
| Martin Ratio | 2.77 | 0.65 |
| Ulcer Index | 5.71% | 10.14% |
| Daily Std Dev | 17.79% | 20.75% |
| Max Drawdown | -71.54% | -79.17% |
| Current Drawdown | -1.84% | -11.36% |
Correlation
The correlation between XLE and IEO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XLE vs. IEO - Performance Comparison
In the year-to-date period, XLE achieves a 15.77% return, which is significantly higher than IEO's 7.08% return. Over the past 10 years, XLE has outperformed IEO with an annualized return of 5.03%, while IEO has yielded a comparatively lower 4.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLE vs. IEO - Expense Ratio Comparison
XLE has a 0.13% expense ratio, which is lower than IEO's 0.42% expense ratio.
Risk-Adjusted Performance
XLE vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
Dividends
XLE vs. IEO - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 3.14%, more than IEO's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLE Energy Select Sector SPDR Fund | 3.14% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.85% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
Drawdowns
XLE vs. IEO - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.54%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for XLE and IEO. For additional features, visit the drawdowns tool.
Volatility
XLE vs. IEO - Volatility Comparison
The current volatility for Energy Select Sector SPDR Fund (XLE) is 4.84%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 6.32%. This indicates that XLE experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.