XLEI vs. TNGY

Last updated Jun 3, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and TNGY (Tortoise Energy Fund) are both Energy Equities funds. XLEI is passively managed, while TNGY is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. XLEI charges 0.35%/yr vs 0.85%/yr for TNGY.

Performance

XLEI vs. TNGY - 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 Tortoise Energy Fund (TNGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLEI achieves a 19.17% return, which is significantly higher than TNGY's 14.76% return.

XLEI

• 1D: 1.02%
• 1M: 0.90%
• YTD: 19.17%
• 6M: 20.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TNGY

• 1D: 1.58%
• 1M: -2.13%
• YTD: 14.76%
• 6M: 13.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLEI vs. TNGY - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	19.17%	6.77%
TNGY Tortoise Energy Fund	14.76%	1.59%

Correlation

The correlation between XLEI and TNGY is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.72

Return for Risk

XLEI vs. TNGY - 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 Tortoise Energy Fund (TNGY). 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	TNGY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.54	1.13	+1.42

Drawdowns

XLEI vs. TNGY - Drawdown Comparison

The maximum XLEI drawdown since its inception was -7.98%, smaller than the maximum TNGY drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for XLEI and TNGY.

Drawdown Indicators

	XLEI	TNGY	Difference
Max Drawdown Largest peak-to-trough decline	-7.98%	-8.86%	+0.88%
Current Drawdown Current decline from peak	-2.00%	-4.29%	+2.29%
Average Drawdown Average peak-to-trough decline	-1.52%	-2.17%	+0.65%

Volatility

Volatility by Period

	XLEI	TNGY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	15.73%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	15.73%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	15.73%	-2.58%

XLEI vs. TNGY - Expense Ratio Comparison

XLEI has a 0.35% expense ratio, which is lower than TNGY's 0.85% expense ratio.

Dividends

XLEI vs. TNGY - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 16.76%, more than TNGY's 3.43% yield.

Position	TTM	2025
TNGY Tortoise Energy Fund	3.43%	2.59%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.76%	10.17%

Frequently Asked Questions

Can I hold both XLEI and TNGY in my portfolio?

XLEI and TNGY have a correlation of 0.72, 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 TNGY?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLEI or TNGY?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.85% for TNGY.

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

XLEI has the higher dividend yield at 16.76%, compared with 3.43% for TNGY.

What is the main difference between XLEI and TNGY?

They also come from different issuers: State Street and Tortoise Capital. Their fees differ too: 0.35% for XLEI and 0.85% for TNGY.