XLE vs. RYE
Compare and contrast key facts about Energy Select Sector SPDR Fund (XLE) and Invesco S&P 500® Equal Weight Energy ETF (RYE).
XLE and RYE 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. RYE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Energy -SEC. It was launched on Nov 1, 2006. Both XLE and RYE 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 RYE.
Key characteristics
| XLE | RYE |
|---|
Correlation
The correlation between XLE and RYE is 0.91, 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. RYE - Performance Comparison
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. RYE - Expense Ratio Comparison
XLE has a 0.13% expense ratio, which is lower than RYE's 0.40% expense ratio.
Risk-Adjusted Performance
XLE vs. RYE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) and Invesco S&P 500® Equal Weight Energy ETF (RYE). 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. RYE - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 3.14%, while RYE has not paid dividends to shareholders.
| 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% |
RYE Invesco S&P 500® Equal Weight Energy ETF | 2.09% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
Drawdowns
XLE vs. RYE - Drawdown Comparison
Volatility
XLE vs. RYE - Volatility Comparison
Energy Select Sector SPDR Fund (XLE) has a higher volatility of 4.84% compared to Invesco S&P 500® Equal Weight Energy ETF (RYE) at 0.00%. This indicates that XLE's price experiences larger fluctuations and is considered to be riskier than RYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.