PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XLEI vs. XES
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLEI vs. XES

Last updated Jul 12, 2026
Documentation

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and XES (SPDR S&P Oil & Gas Equipment & Services ETF) are both Energy Equities funds from State Street - XLEI tracks the S&P Energy Select Sector while XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

XLEI vs. XES - 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 SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XLEI achieves a 16.48% return, which is significantly lower than XES's 37.45% return.

XLEI

1D
0.20%
1M
-2.48%
6M
13.81%
YTD
16.48%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XES

1D
1.64%
1M
-9.19%
6M
26.49%
YTD
37.45%
1Y
65.04%
3Y*
10.31%
5Y*
14.19%
10Y*
-4.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLEI vs. XES - Yearly Performance Comparison

2026 (YTD)2025
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		16.48%6.17%
XES
SPDR S&P Oil & Gas Equipment & Services ETF		37.45%18.56%

Correlation

The correlation between XLEI and XES is 0.69, 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 30, 2025

0.69

XLEI vs. XES - Sectors Allocation Comparison

Sectors
XLEI
XES

Energy

100.0%
97.1%

Financial Services

98.4%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Industrials

-

2.9%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XLEI
100.0%
XES
97.1%

Financial Services

XLEI
98.4%
XES

-

Basic Materials

XLEI

-

XES

-

Communication Services

XLEI

-

XES

-

Consumer Cyclical

XLEI

-

XES

-

Consumer Defensive

XLEI

-

XES

-

Healthcare

XLEI

-

XES

-

Industrials

XLEI

-

XES
2.9%

Real Estate

XLEI

-

XES

-

Technology

XLEI

-

XES

-

Utilities

XLEI

-

XES

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Energy Select Sector SPDR Premium Income ETF

SPDR S&P Oil & Gas Equipment & Services ETF

Often compared with XLEI:
XLEI vs. XLEXLEI vs. MLPIXLEI vs. IEOXLEI vs. TNGYXLEI vs. NBETXLEI vs. XOPXLEI vs. OIH
Often compared with XES:
XES vs. OIHXES vs. XLEXES vs. IEZXES vs. PXJXES vs. PSCEXES vs. VDEXES vs. FENY

Return for Risk

XLEI vs. XES — Risk / Return Rank

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

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

XES
XES Risk / Return Rank: 7777
Overall Rank
XES Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XES Sortino Ratio Rank: 7777
Sortino Ratio Rank
XES Omega Ratio Rank: 7272
Omega Ratio Rank
XES Calmar Ratio Rank: 7777
Calmar Ratio Rank
XES Martin Ratio Rank: 7777
Martin Ratio Rank
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. XES - 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 SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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.

XLEIXESDifference
Sharpe ratioReturn per unit of total volatility

—

2.13

—

Sortino ratioReturn per unit of downside risk

—

2.75

—

Omega ratioGain probability vs. loss probability

—

1.34

—

Calmar ratioReturn relative to maximum drawdown

—

3.18

—

Martin ratioReturn relative to average drawdown

—

11.53

—

XLEI vs. XES - Sharpe Ratio Comparison

Loading charts...

Drawdowns

XLEI vs. XES - Drawdown Comparison

The maximum XLEI drawdown since its inception was -8.19%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for XLEI and XES.

Loading charts...

Drawdown Indicators

XLEIXESDifference

Max Drawdown

Largest peak-to-trough decline

-8.19%

-95.65%

+87.46%

Max Drawdown (1Y)

Largest decline over 1 year

—

-20.69%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-45.95%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-45.95%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-91.23%

—

Current Drawdown

Current decline from peak

-4.21%

-73.46%

+69.25%

Average Drawdown

Average peak-to-trough decline

-1.90%

-54.44%

+52.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.70%

—

Volatility

XLEI vs. XES - Volatility Comparison

Loading charts...

Volatility by Period

XLEIXESDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

9.22%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

21.50%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.04%

30.96%

-16.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.04%

38.85%

-24.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.04%

44.88%

-30.84%

XLEI vs. XES - Expense Ratio Comparison

Both XLEI and XES have an expense ratio of 0.35%.

Dividends

XLEI vs. XES - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 19.64%, more than XES's 1.16% yield.

PositionTTM20252024202320222021202020192018201720162015
XES
SPDR S&P Oil & Gas Equipment & Services ETF		1.16%1.69%1.31%0.66%0.36%1.81%1.33%1.43%1.14%1.68%0.64%2.47%
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		19.64%10.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XLEI and XES have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XLEI and XES have the same expense ratio: 0.35% per year.

XLEI has the higher dividend yield at 19.64%, compared with 1.16% for XES.

XLEI tracks S&P Energy Select Sector, while XES tracks S&P Oil & Gas Equipment & Services Select Industry Index.

Portfolio Optimizer

Find the right allocation for XLEI and XES

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