XLEI vs. FMUB

Last updated Jun 4, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and FMUB (Fidelity Municipal Bond Opportunities ETF) are both exchange-traded funds - XLEI is a Energy Equities fund tracking the S&P Energy Select Sector, while FMUB is a Municipal Bonds fund actively managed by Fidelity. XLEI is passively managed, while FMUB is actively managed. At a correlation of -0.25, they often move in opposite directions. XLEI charges 0.35%/yr vs 0.30%/yr for FMUB.

Performance

XLEI vs. FMUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR Premium Income ETF (XLEI) and Fidelity Municipal Bond Opportunities ETF (FMUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLEI achieves a 20.42% return, which is significantly higher than FMUB's 1.89% return.

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMUB

• 1D: -0.02%
• 1M: 0.78%
• YTD: 1.89%
• 6M: 2.13%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLEI vs. FMUB - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%
FMUB Fidelity Municipal Bond Opportunities ETF	1.89%	4.75%

Correlation

The correlation between XLEI and FMUB is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	-0.25

Return for Risk

XLEI vs. FMUB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMUB

FMUB Risk / Return Rank: 80
FMUB Sharpe Ratio Rank: 87
FMUB Sortino Ratio Rank: 90
FMUB Omega Ratio Rank: 92
FMUB Calmar Ratio Rank: 62
FMUB Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLEI vs. FMUB - 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 Fidelity Municipal Bond Opportunities ETF (FMUB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XLEI	FMUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	2.30	+0.35

Drawdowns

XLEI vs. FMUB - Drawdown Comparison

The maximum XLEI drawdown since its inception was -7.98%, which is greater than FMUB's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for XLEI and FMUB.

Drawdown Indicators

	XLEI	FMUB	Difference
Max Drawdown Largest peak-to-trough decline	-7.98%	-2.49%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.49%	—
Current Drawdown Current decline from peak	-0.97%	-0.10%	-0.87%
Average Drawdown Average peak-to-trough decline	-1.52%	-0.38%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.63%	—

Volatility

Volatility by Period

	XLEI	FMUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	2.67%	+10.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	3.25%	+9.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	3.25%	+9.91%

XLEI vs. FMUB - Expense Ratio Comparison

XLEI has a 0.35% expense ratio, which is higher than FMUB's 0.30% expense ratio.

Dividends

XLEI vs. FMUB - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 16.59%, more than FMUB's 3.42% yield.

Position	TTM	2025
FMUB Fidelity Municipal Bond Opportunities ETF	3.42%	2.63%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%

Frequently Asked Questions

Can I hold both XLEI and FMUB in my portfolio?

XLEI and FMUB have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLEI or FMUB?

On fees, FMUB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLEI or FMUB?

FMUB is cheaper with a 0.30% expense ratio, compared with 0.35% for XLEI.

Which ETF pays a higher dividend yield, XLEI or FMUB?

XLEI has the higher dividend yield at 16.59%, compared with 3.42% for FMUB.

What is the main difference between XLEI and FMUB?

XLEI is categorized as Energy Equities, while FMUB is Municipal Bonds. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.35% for XLEI and 0.30% for FMUB.