XLEI vs. XOP

Last updated Apr 1, 2026

Compare and contrast key facts about State Street Energy Select Sector SPDR Premium Income ETF (XLEI) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

XLEI and XOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLEI is a passively managed fund by State Street that tracks the performance of the S&P Energy Select Sector. It was launched on Jul 29, 2025. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both XLEI and XOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

XLEI vs. XOP - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.48%	6.77%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	44.59%	-1.27%

Returns By Period

In the year-to-date period, XLEI achieves a 20.48% return, which is significantly lower than XOP's 44.59% return.

XLEI

• 1D: -0.66%
• 1M: 7.60%
• YTD: 20.48%
• 6M: 24.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XOP

• 1D: -1.97%
• 1M: 18.76%
• YTD: 44.59%
• 6M: 39.10%
• 1Y: 41.36%
• 3Y*: 15.28%
• 5Y*: 19.07%
• 10Y*: 6.29%

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

XLEI vs. XOP - Expense Ratio Comparison

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

XLEI

State Street Energy Select Sector SPDR Premium Income ETF

XOP

SPDR S&P Oil & Gas Exploration & Production ETF

Return for Risk

XLEI vs. XOP — Risk / Return Rank

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

XOP

XOP Risk / Return Rank: 69
XOP Sharpe Ratio Rank: 73
XOP Sortino Ratio Rank: 69
XOP Omega Ratio Rank: 69
XOP Calmar Ratio Rank: 72
XOP Martin Ratio Rank: 63

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.

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

Sharpe Ratios by Period

	XLEI	XOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.03	0.07	+3.96

Correlation

The correlation between XLEI and XOP is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XLEI vs. XOP - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 11.17%, more than XOP's 1.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XLEI State Street Energy Select Sector SPDR Premium Income ETF	11.17%	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	1.79%	2.62%	2.45%	2.63%	2.47%	1.61%	2.34%	1.47%	0.99%	0.76%	0.76%	2.21%

Drawdowns

XLEI vs. XOP - Drawdown Comparison

The maximum XLEI drawdown since its inception was -5.31%, 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.

Drawdown Indicators

	XLEI	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-90.27%	+84.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.81%	—
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	-0.92%	-32.42%	+31.50%
Average Drawdown Average peak-to-trough decline	-0.93%	-42.64%	+41.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.32%	—

Volatility

Volatility by Period

	XLEI	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	33.50%	-22.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.43%	34.15%	-22.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.43%	40.28%	-28.85%