XLUI vs. ZAP

Last updated Jun 4, 2026

XLUI (State Street Utilities Select Sector SPDR Premium Income ETF) and ZAP (Global X U.S. Electrification ETF) are both Utilities Equities funds. XLUI is actively managed, while ZAP is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. XLUI charges 0.35%/yr vs 0.50%/yr for ZAP.

Performance

XLUI vs. ZAP - 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 Global X U.S. Electrification ETF (ZAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLUI achieves a 4.99% return, which is significantly lower than ZAP's 15.14% return.

XLUI

• 1D: -0.18%
• 1M: -4.28%
• YTD: 4.99%
• 6M: 3.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZAP

• 1D: -0.63%
• 1M: -3.98%
• YTD: 15.14%
• 6M: 13.19%
• 1Y: 28.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLUI vs. ZAP - Yearly Performance Comparison

	2026 (YTD)	2025
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	4.99%	0.51%
ZAP Global X U.S. Electrification ETF	15.14%	3.75%

Correlation

The correlation between XLUI and ZAP is 0.82, 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 31, 2025	0.82

Return for Risk

XLUI vs. ZAP — Risk / Return Rank

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

ZAP

ZAP Risk / Return Rank: 60
ZAP Sharpe Ratio Rank: 56
ZAP Sortino Ratio Rank: 54
ZAP Omega Ratio Rank: 52
ZAP Calmar Ratio Rank: 78
ZAP Martin Ratio Rank: 58

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. ZAP - 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 Global X U.S. Electrification ETF (ZAP). 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

	XLUI	ZAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.63	-1.04

Drawdowns

XLUI vs. ZAP - Drawdown Comparison

The maximum XLUI drawdown since its inception was -6.01%, smaller than the maximum ZAP drawdown of -12.38%. Use the drawdown chart below to compare losses from any high point for XLUI and ZAP.

Drawdown Indicators

	XLUI	ZAP	Difference
Max Drawdown Largest peak-to-trough decline	-6.01%	-12.38%	+6.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.23%	—
Current Drawdown Current decline from peak	-4.60%	-4.11%	-0.49%
Average Drawdown Average peak-to-trough decline	-1.92%	-2.57%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	XLUI	ZAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	15.13%	-4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	16.91%	-5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	16.91%	-5.79%

XLUI vs. ZAP - Expense Ratio Comparison

XLUI has a 0.35% expense ratio, which is lower than ZAP's 0.50% expense ratio.

Dividends

XLUI vs. ZAP - Dividend Comparison

XLUI's dividend yield for the trailing twelve months is around 12.81%, more than ZAP's 1.55% yield.

Position	TTM	2025	2024
XLUI State Street Utilities Select Sector SPDR Premium Income ETF	12.81%	7.12%	0.00%
ZAP Global X U.S. Electrification ETF	1.55%	1.81%	0.00%

Frequently Asked Questions

Can I hold both XLUI and ZAP in my portfolio?

XLUI and ZAP have a correlation of 0.82, 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 ZAP?

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 ZAP?

XLUI is cheaper with a 0.35% expense ratio, compared with 0.50% for ZAP.

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

XLUI has the higher dividend yield at 12.81%, compared with 1.55% for ZAP.

What is the main difference between XLUI and ZAP?

They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XLUI and 0.50% for ZAP.