XLEI vs. IBMT

Last updated Jun 4, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and IBMT (iShares iBonds Dec 2031 Term Muni Bond ETF) are both exchange-traded funds - XLEI is a Energy Equities fund tracking the S&P Energy Select Sector, while IBMT is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Dec 2031 Index. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. XLEI charges 0.35%/yr vs 0.18%/yr for IBMT.

Performance

XLEI vs. IBMT - 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 iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT). 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 IBMT's 0.19% return.

XLEI

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

IBMT

• 1D: -0.02%
• 1M: 0.35%
• YTD: 0.19%
• 6M: 0.25%
• 1Y: 6.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLEI vs. IBMT - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%
IBMT iShares iBonds Dec 2031 Term Muni Bond ETF	0.19%	3.42%

Correlation

The correlation between XLEI and IBMT is -0.20, 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	-0.20

Return for Risk

XLEI vs. IBMT — Risk / Return Rank

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

IBMT

IBMT Risk / Return Rank: 60
IBMT Sharpe Ratio Rank: 62
IBMT Sortino Ratio Rank: 76
IBMT Omega Ratio Rank: 78
IBMT Calmar Ratio Rank: 43
IBMT Martin Ratio Rank: 39

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. IBMT - 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 iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT). 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	IBMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	1.63	+1.02

Drawdowns

XLEI vs. IBMT - Drawdown Comparison

The maximum XLEI drawdown since its inception was -7.98%, which is greater than IBMT's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for XLEI and IBMT.

Drawdown Indicators

	XLEI	IBMT	Difference
Max Drawdown Largest peak-to-trough decline	-7.98%	-3.18%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.10%	—
Current Drawdown Current decline from peak	-0.97%	-1.65%	+0.68%
Average Drawdown Average peak-to-trough decline	-1.52%	-0.74%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	XLEI	IBMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	3.11%	+10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	3.86%	+9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	3.86%	+9.30%

XLEI vs. IBMT - Expense Ratio Comparison

XLEI has a 0.35% expense ratio, which is higher than IBMT's 0.18% expense ratio.

Dividends

XLEI vs. IBMT - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 16.59%, more than IBMT's 3.65% yield.

Position	TTM	2025
IBMT iShares iBonds Dec 2031 Term Muni Bond ETF	3.65%	2.98%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%

Frequently Asked Questions

Can I hold both XLEI and IBMT in my portfolio?

XLEI and IBMT have a correlation of -0.20, 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 IBMT?

On fees, IBMT is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLEI or IBMT?

IBMT is cheaper with a 0.18% expense ratio, compared with 0.35% for XLEI.

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

XLEI has the higher dividend yield at 16.59%, compared with 3.65% for IBMT.

What is the main difference between XLEI and IBMT?

XLEI is categorized as Energy Equities, while IBMT is Municipal Bonds. XLEI tracks S&P Energy Select Sector, while IBMT tracks S&P AMT-Free Municipal Series Dec 2031 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLEI and 0.18% for IBMT.