XLEP.L vs. XLE
Compare and contrast key facts about Invesco US Energy Sector UCITS ETF (XLEP.L) and Energy Select Sector SPDR Fund (XLE).
XLEP.L and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLEP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on Dec 16, 2009. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both XLEP.L and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLEP.L or XLE.
Key characteristics
| XLEP.L | XLE | |
|---|---|---|
| YTD Return | 13.55% | 14.60% |
| 1Y Return | 10.34% | 15.47% |
| 3Y Return (Ann) | 23.71% | 22.36% |
| 5Y Return (Ann) | 14.76% | 14.95% |
| 10Y Return (Ann) | 6.62% | 4.88% |
| Sharpe Ratio | 0.59 | 0.92 |
| Sortino Ratio | 0.93 | 1.33 |
| Omega Ratio | 1.11 | 1.17 |
| Calmar Ratio | 0.55 | 1.22 |
| Martin Ratio | 1.35 | 2.86 |
| Ulcer Index | 8.34% | 5.71% |
| Daily Std Dev | 18.83% | 17.81% |
| Max Drawdown | -63.35% | -71.54% |
| Current Drawdown | -5.15% | -2.82% |
Correlation
The correlation between XLEP.L and XLE is 0.70, 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.
Performance
XLEP.L vs. XLE - Performance Comparison
In the year-to-date period, XLEP.L achieves a 13.55% return, which is significantly lower than XLE's 14.60% return. Over the past 10 years, XLEP.L has outperformed XLE with an annualized return of 6.62%, while XLE has yielded a comparatively lower 4.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLEP.L vs. XLE - Expense Ratio Comparison
XLEP.L has a 0.14% expense ratio, which is higher than XLE's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XLEP.L vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Energy Sector UCITS ETF (XLEP.L) and Energy Select Sector SPDR Fund (XLE). 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.
Dividends
XLEP.L vs. XLE - Dividend Comparison
XLEP.L has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLEP.L Invesco US Energy Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.18% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
XLEP.L vs. XLE - Drawdown Comparison
The maximum XLEP.L drawdown since its inception was -63.35%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for XLEP.L and XLE. For additional features, visit the drawdowns tool.
Volatility
XLEP.L vs. XLE - Volatility Comparison
The current volatility for Invesco US Energy Sector UCITS ETF (XLEP.L) is 4.86%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.94%. This indicates that XLEP.L experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.