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XLEI vs. XOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLEI vs. XOP

Last updated Jul 12, 2026
Documentation

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both Energy Equities funds from State Street - XLEI tracks the S&P Energy Select Sector while XOP tracks the S&P Oil & Gas Exploration & Production Select Industry. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

XLEI vs. XOP - 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 Exploration & Production ETF (XOP). 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 XOP's 26.71% return.

XLEI

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

XOP

1D
-0.56%
1M
-3.62%
6M
25.57%
YTD
26.71%
1Y
21.93%
3Y*
8.56%
5Y*
13.75%
10Y*
2.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLEI vs. XOP - Yearly Performance Comparison

2026 (YTD)2025
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		16.48%6.17%
XOP
SPDR S&P Oil & Gas Exploration & Production ETF		26.71%-2.83%

Correlation

The correlation between XLEI and XOP is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.84

XLEI vs. XOP - Sectors Allocation Comparison

Sectors
XLEI
XOP

Energy

100.0%
96.8%

Financial Services

98.4%

-

Basic Materials

-

3.2%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Industrials

-

2.2%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XLEI
100.0%
XOP
96.8%

Financial Services

XLEI
98.4%
XOP

-

Basic Materials

XLEI

-

XOP
3.2%

Communication Services

XLEI

-

XOP

-

Consumer Cyclical

XLEI

-

XOP

-

Consumer Defensive

XLEI

-

XOP

-

Healthcare

XLEI

-

XOP

-

Industrials

XLEI

-

XOP
2.2%

Real Estate

XLEI

-

XOP

-

Technology

XLEI

-

XOP

-

Utilities

XLEI

-

XOP

-

Compare stocks, funds, or ETFs

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State Street Energy Select Sector SPDR Premium Income ETF

SPDR S&P Oil & Gas Exploration & Production ETF

Often compared with XLEI:
XLEI vs. XLEXLEI vs. MLPIXLEI vs. IEOXLEI vs. XESXLEI vs. TNGYXLEI vs. NBETXLEI vs. OIH
Often compared with XOP:
XOP vs. XLEXOP vs. OIHXOP vs. VDEXOP vs. SPYXOP vs. GUSHXOP vs. DRIPXOP vs. IYE

Return for Risk

XLEI vs. XOP — 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.

XOP
XOP Risk / Return Rank: 2727
Overall Rank
XOP Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
XOP Sortino Ratio Rank: 2626
Sortino Ratio Rank
XOP Omega Ratio Rank: 2626
Omega Ratio Rank
XOP Calmar Ratio Rank: 3030
Calmar Ratio Rank
XOP Martin Ratio Rank: 2727
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. XOP - 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 Exploration & Production ETF (XOP). 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.

XLEIXOPDifference
Sharpe ratioReturn per unit of total volatility

—

0.81

—

Sortino ratioReturn per unit of downside risk

—

1.22

—

Omega ratioGain probability vs. loss probability

—

1.15

—

Calmar ratioReturn relative to maximum drawdown

—

1.23

—

Martin ratioReturn relative to average drawdown

—

3.01

—

XLEI vs. XOP - Sharpe Ratio Comparison

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Drawdowns

XLEI vs. XOP - Drawdown Comparison

The maximum XLEI drawdown since its inception was -8.19%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for XLEI and XOP.

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Drawdown Indicators

XLEIXOPDifference

Max Drawdown

Largest peak-to-trough decline

-8.19%

-90.27%

+82.08%

Max Drawdown (1Y)

Largest decline over 1 year

—

-18.50%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-34.98%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-34.98%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-82.61%

—

Current Drawdown

Current decline from peak

-4.21%

-40.77%

+36.56%

Average Drawdown

Average peak-to-trough decline

-1.90%

-42.57%

+40.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.54%

—

Volatility

XLEI vs. XOP - Volatility Comparison

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Volatility by Period

XLEIXOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

7.88%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

22.07%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.04%

28.03%

-13.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.04%

33.73%

-19.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.04%

40.17%

-26.13%

XLEI vs. XOP - Expense Ratio Comparison

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

Dividends

XLEI vs. XOP - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 19.64%, more than XOP's 2.05% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XOP
SPDR S&P Oil & Gas Exploration & Production ETF		2.05%2.62%2.45%2.63%2.47%1.61%2.34%1.47%0.99%0.76%0.76%2.21%

Frequently Asked Questions

XLEI and XOP have a correlation of 0.84, 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 XOP have the same expense ratio: 0.35% per year.

XLEI has the higher dividend yield at 19.64%, compared with 2.05% for XOP.

XLEI tracks S&P Energy Select Sector, while XOP tracks S&P Oil & Gas Exploration & Production Select Industry.

Portfolio Optimizer

Find the right allocation for XLEI and XOP

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