XLEI vs. FLMI
XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF) are both exchange-traded funds - XLEI is a Energy Equities fund tracking the S&P Energy Select Sector, while FLMI is a Municipal Bonds fund actively managed by Franklin Templeton. XLEI is passively managed, while FLMI is actively managed. Over the past year, XLEI returned 35.36% vs 5.98% for FLMI. Their -0.31 correlation means they have often moved in opposite directions in the past. XLEI charges 0.35%/yr vs 0.30%/yr for FLMI.
Performance
XLEI vs. FLMI - Performance Comparison
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Returns By Period
In the year-to-date period, XLEI achieves a 24.56% return, which is significantly higher than FLMI's 1.14% return.
XLEI
- 1D
- 0.78%
- 1M
- 10.90%
- 6M
- 15.89%
- YTD
- 24.56%
- 1Y
- 35.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 32.17%
FLMI
- 1D
- 0.00%
- 1M
- -1.79%
- 6M
- 0.18%
- YTD
- 1.14%
- 1Y
- 5.98%
- 3Y*
- 5.21%
- 5Y*
- 1.67%
- 10Y*
- —
- ALL TIME*
- 2.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.73M | $15.20M | $18.23M | |
| $1.55M | $1.39M | $1.31M |
XLEI vs. FLMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 24.56% | 6.17% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 1.14% | 5.36% |
Correlation
The correlation between XLEI and FLMI is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.31 |
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Return for Risk
XLEI vs. FLMI — Risk / Return Rank
XLEI
FLMI
XLEI vs. FLMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR Premium Income ETF (XLEI) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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.
| XLEI | FLMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.50 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.37 | +1.74 |
| Martin ratioReturn relative to average drawdown | 12.37 | 8.11 | +4.26 |
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Drawdowns
XLEI vs. FLMI - Drawdown Comparison
The maximum XLEI drawdown since its inception was -8.19%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for XLEI and FLMI.
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Drawdown Indicators
| XLEI | FLMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.19% | -14.66% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -2.90% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.79% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -2.78% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.84% | +1.90% |
Volatility
XLEI vs. FLMI - Volatility Comparison
State Street Energy Select Sector SPDR Premium Income ETF (XLEI) has a higher volatility of 3.96% compared to Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) at 1.04%. This indicates that XLEI's price experiences larger fluctuations and is considered to be riskier than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLEI | FLMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 1.04% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 2.30% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 3.03% | +11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 4.45% | +9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 4.70% | +9.32% |
XLEI vs. FLMI - Expense Ratio Comparison
XLEI has a 0.35% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Dividends
XLEI vs. FLMI - Dividend Comparison
XLEI's dividend yield for the trailing twelve months is around 18.37%, more than FLMI's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.59% | 3.89% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.34% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 18.37% | 10.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLEI and FLMI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLEI has higher volatility (3.96%) compared to FLMI (1.04%). In terms of maximum drawdown, XLEI dropped -8.19% vs FLMI's -14.66%.
On 1-year performance, XLEI leads with 35.36% vs 5.98% for FLMI. On fees, FLMI is cheaper at 0.30% per year. On volatility, FLMI has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLEI has performed better with a 35.36% return vs 5.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLMI is cheaper with a 0.30% expense ratio, compared with 0.35% for XLEI.
XLEI has the higher dividend yield at 18.37%, compared with 3.59% for FLMI.
XLEI is categorized as Energy Equities, while FLMI is Municipal Bonds. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.35% for XLEI and 0.30% for FLMI.
XLEI currently has the higher Sharpe Ratio (2.40 vs 2.26), 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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