XLI vs. ES
XLI (Industrial Select Sector SPDR Fund) is Industrials Equities fund tracking the Industrial Select Sector Index, while ES (Eversource Energy) is a stock. Over the past 10 years, XLI returned 14.54%/yr vs 5.86%/yr for ES. At a 0.33 correlation, their price movements are largely independent.
Performance
XLI vs. ES - Performance Comparison
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Returns By Period
In the year-to-date period, XLI achieves a 19.19% return, which is significantly higher than ES's 13.05% return. Over the past 10 years, XLI has outperformed ES with an annualized return of 14.54%, while ES has yielded a comparatively lower 5.86% annualized return.
XLI
- 1D
- 0.30%
- 1M
- 5.93%
- 6M
- 17.03%
- YTD
- 19.19%
- 1Y
- 24.67%
- 3Y*
- 21.40%
- 5Y*
- 13.94%
- 10Y*
- 14.54%
ES
- 1D
- 3.10%
- 1M
- 9.18%
- 6M
- 11.84%
- YTD
- 13.05%
- 1Y
- 20.60%
- 3Y*
- 6.33%
- 5Y*
- 2.39%
- 10Y*
- 5.86%
XLI vs. ES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 19.19% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
ES Eversource Energy | 13.05% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
Correlation
The correlation between XLI and ES is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.33 |
The correlation between XLI and ES shifts across timeframes, from 0.23 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLI vs. ES — Risk / Return Rank
XLI
ES
XLI vs. ES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) and Eversource Energy (ES). 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.
| XLI | ES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.38 | +0.74 |
| Martin ratioReturn relative to average drawdown | 8.33 | 3.29 | +5.04 |
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Drawdowns
XLI vs. ES - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, smaller than the maximum ES drawdown of -73.04%. Use the drawdown chart below to compare losses from any high point for XLI and ES.
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Drawdown Indicators
| XLI | ES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -73.04% | +10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -15.13% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -28.65% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -41.69% | +20.05% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -41.69% | -0.64% |
Current DrawdownCurrent decline from peak | -0.71% | -6.06% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -19.05% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 6.34% | -3.24% |
Volatility
XLI vs. ES - Volatility Comparison
Industrial Select Sector SPDR Fund (XLI) and Eversource Energy (ES) have volatilities of 6.85% and 6.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLI | ES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 6.96% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 16.44% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 24.77% | -8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 23.93% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 24.37% | -4.37% |
Dividends
XLI vs. ES - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.12%, less than ES's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.14% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
XLI Industrial Select Sector SPDR Fund | 1.12% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
XLI and ES have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ES has higher volatility (6.96%) compared to XLI (6.85%). In terms of maximum drawdown, XLI dropped -62.26% vs ES's -73.04%.
XLI currently has the higher Sharpe Ratio (1.56 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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