XLEI vs. LQDW
XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both exchange-traded funds - XLEI is a Energy Equities fund tracking the S&P Energy Select Sector, while LQDW is a Corporate Bonds fund tracking the CBOE LQD BuyWrite Index. Both are passively managed. At a correlation of -0.23, they often move in opposite directions. XLEI charges 0.35%/yr vs 0.34%/yr for LQDW.
Performance
XLEI vs. LQDW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLEI achieves a 14.83% return, which is significantly higher than LQDW's 1.88% return.
XLEI
- 1D
- 0.44%
- 1M
- -4.42%
- YTD
- 14.83%
- 6M
- 15.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDW
- 1D
- 0.18%
- 1M
- 1.36%
- YTD
- 1.88%
- 6M
- 2.02%
- 1Y
- 6.49%
- 3Y*
- 3.70%
- 5Y*
- —
- 10Y*
- —
XLEI vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 14.83% | 6.17% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.88% | 3.00% |
Correlation
The correlation between XLEI and LQDW is -0.23, 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 30, 2025 | -0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLEI vs. LQDW — Risk / Return Rank
XLEI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQDW
XLEI vs. LQDW - 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 Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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 | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.52 | — |
| Martin ratioReturn relative to average drawdown | — | 9.34 | — |
Loading charts...
Drawdowns
XLEI vs. LQDW - Drawdown Comparison
The maximum XLEI drawdown since its inception was -7.98%, smaller than the maximum LQDW drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for XLEI and LQDW.
Loading charts...
Drawdown Indicators
| XLEI | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.98% | -9.20% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.74% | — |
Current DrawdownCurrent decline from peak | -5.56% | -0.04% | -5.52% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -2.32% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.70% | — |
Volatility
XLEI vs. LQDW - Volatility Comparison
Loading charts...
Volatility by Period
| XLEI | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 3.62% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 5.47% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 5.47% | +8.42% |
XLEI vs. LQDW - Expense Ratio Comparison
XLEI has a 0.35% expense ratio, which is higher than LQDW's 0.34% expense ratio.
Dividends
XLEI vs. LQDW - Dividend Comparison
XLEI's dividend yield for the trailing twelve months is around 17.40%, more than LQDW's 12.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.49% | 16.02% | 15.74% | 19.28% | 8.85% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 17.40% | 10.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLEI and LQDW have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDW is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDW is cheaper with a 0.34% expense ratio, compared with 0.35% for XLEI.
XLEI has the higher dividend yield at 17.40%, compared with 12.49% for LQDW.
XLEI is categorized as Energy Equities, while LQDW is Corporate Bonds. XLEI tracks S&P Energy Select Sector, while LQDW tracks CBOE LQD BuyWrite Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLEI and 0.34% for LQDW.
Find the right allocation for XLEI and LQDW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer