XLUI vs. DBE

Last updated Jul 17, 2026

XLUI (State Street Utilities Select Sector SPDR Premium Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - XLUI is a Utilities Equities fund actively managed by State Street, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. XLUI is actively managed, while DBE is passively managed. At a correlation of -0.11, they often move in opposite directions. XLUI charges 0.35%/yr vs 0.78%/yr for DBE.

Performance

XLUI vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Utilities Select Sector SPDR Premium Income ETF (XLUI) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLUI achieves a 10.37% return, which is significantly lower than DBE's 68.39% return.

XLUI

• 1D: 0.57%
• 1M: 2.15%
• 6M: 8.39%
• YTD: 10.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: -1.09%
• 1M: 6.25%
• 6M: 65.69%
• YTD: 68.39%
• 1Y: 57.64%
• 3Y*: 17.96%
• 5Y*: 17.10%
• 10Y*: 11.45%

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

XLUI vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	10.37%	0.27%
DBE Invesco DB Energy Fund	68.39%	-9.36%

Correlation

The correlation between XLUI and DBE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.11

Return for Risk

XLUI vs. DBE — Risk / Return Rank

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

XLUI

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

DBE

DBE Risk / Return Rank: 57
DBE Sharpe Ratio Rank: 60
DBE Sortino Ratio Rank: 57
DBE Omega Ratio Rank: 55
DBE Calmar Ratio Rank: 58
DBE Martin Ratio Rank: 52

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.

XLUI vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Utilities Select Sector SPDR Premium Income ETF (XLUI) and Invesco DB Energy Fund (DBE). 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.

	XLUI	DBE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	7.00	—

Drawdowns

XLUI vs. DBE - Drawdown Comparison

The maximum XLUI drawdown since its inception was -6.01%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for XLUI and DBE.

Drawdown Indicators

	XLUI	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-6.01%	-86.69%	+80.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-0.36%	-36.07%	+35.71%
Average Drawdown Average peak-to-trough decline	-1.89%	-57.19%	+55.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.26%	—

Volatility

Volatility by Period

	XLUI	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	35.99%	-24.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	29.88%	-18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.16%	28.39%	-17.23%

XLUI vs. DBE - Expense Ratio Comparison

XLUI has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.

Dividends

XLUI vs. DBE - Dividend Comparison

XLUI's dividend yield for the trailing twelve months is around 13.72%, more than DBE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBE Invesco DB Energy Fund	2.29%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	13.72%	7.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLUI and DBE in my portfolio?

XLUI and DBE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLUI or DBE?

On fees, XLUI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLUI or DBE?

XLUI is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.

Which ETF pays a higher dividend yield, XLUI or DBE?

XLUI has the higher dividend yield at 13.72%, compared with 2.29% for DBE.

What is the main difference between XLUI and DBE?

XLUI is categorized as Utilities Equities, while DBE is Oil & Gas. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XLUI and 0.78% for DBE.