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XOP vs. XLEI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XOP vs. XLEI

Last updated Jul 14, 2026
Documentation

XOP (SPDR S&P Oil & Gas Exploration & Production ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds from State Street - XOP tracks the S&P Oil & Gas Exploration & Production Select Industry while XLEI tracks the S&P Energy Select Sector. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

XOP vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XOP achieves a 32.00% return, which is significantly higher than XLEI's 18.76% return.

XOP

1D
4.17%
1M
0.40%
6M
30.68%
YTD
32.00%
1Y
27.02%
3Y*
11.17%
5Y*
16.31%
10Y*
3.69%

XLEI

1D
1.96%
1M
-0.57%
6M
16.09%
YTD
18.76%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XOP vs. XLEI - Yearly Performance Comparison

2026 (YTD)2025
XOP
SPDR S&P Oil & Gas Exploration & Production ETF		32.00%-2.83%
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		18.76%6.17%

Correlation

The correlation between XOP and XLEI is 0.84, 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 30, 2025

0.84

XOP vs. XLEI - Sectors Allocation Comparison

Sectors
XOP
XLEI

Energy

96.8%
100.0%

Basic Materials

3.2%

-

Industrials

2.2%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

98.4%

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XOP
96.8%
XLEI
100.0%

Basic Materials

XOP
3.2%
XLEI

-

Industrials

XOP
2.2%
XLEI

-

Communication Services

XOP

-

XLEI

-

Consumer Cyclical

XOP

-

XLEI

-

Consumer Defensive

XOP

-

XLEI

-

Financial Services

XOP

-

XLEI
98.4%

Healthcare

XOP

-

XLEI

-

Real Estate

XOP

-

XLEI

-

Technology

XOP

-

XLEI

-

Utilities

XOP

-

XLEI

-

Compare stocks, funds, or ETFs

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SPDR S&P Oil & Gas Exploration & Production ETF

State Street Energy Select Sector SPDR Premium Income ETF

Often compared with XOP:
XOP vs. XLEXOP vs. OIHXOP vs. VDEXOP vs. SPYXOP vs. GUSHXOP vs. DRIPXOP vs. IYE
Often compared with XLEI:
XLEI vs. XLEXLEI vs. MLPIXLEI vs. IEOXLEI vs. XESXLEI vs. TNGYXLEI vs. NBETXLEI vs. OIH

Return for Risk

XOP vs. XLEI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XOP
XOP Risk / Return Rank: 3232
Overall Rank
XOP Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XOP Sortino Ratio Rank: 3232
Sortino Ratio Rank
XOP Omega Ratio Rank: 3030
Omega Ratio Rank
XOP Calmar Ratio Rank: 3636
Calmar Ratio Rank
XOP Martin Ratio Rank: 3131
Martin Ratio Rank
XLEI

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

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.

XOP vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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.

XOPXLEIDifference
Sharpe ratioReturn per unit of total volatility
0.96

—

—

Sortino ratioReturn per unit of downside risk
1.40

—

—

Omega ratioGain probability vs. loss probability

1.17

—

—

Calmar ratioReturn relative to maximum drawdown

1.47

—

—

Martin ratioReturn relative to average drawdown

3.61

—

—

XOP vs. XLEI - Sharpe Ratio Comparison

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Drawdowns

XOP vs. XLEI - Drawdown Comparison

The maximum XOP drawdown since its inception was -90.27%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for XOP and XLEI.

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Drawdown Indicators

XOPXLEIDifference

Max Drawdown

Largest peak-to-trough decline

-90.27%

-8.19%

-82.08%

Max Drawdown (1Y)

Largest decline over 1 year

-18.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-34.98%

—

—

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

-38.30%

-2.33%

-35.97%

Average Drawdown

Average peak-to-trough decline

-42.57%

-1.90%

-40.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.58%

—

—

Volatility

XOP vs. XLEI - Volatility Comparison

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Volatility by Period

XOPXLEIDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.61%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

22.15%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

28.35%

14.15%

+14.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.79%

14.15%

+19.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.17%

14.15%

+26.02%

XOP vs. XLEI - Expense Ratio Comparison

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

Dividends

XOP vs. XLEI - Dividend Comparison

XOP's dividend yield for the trailing twelve months is around 1.97%, less than XLEI's 19.26% yield.

PositionTTM20252024202320222021202020192018201720162015
XLEI
State Street Energy Select Sector SPDR Premium Income ETF		19.26%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		1.97%2.62%2.45%2.63%2.47%1.61%2.34%1.47%0.99%0.76%0.76%2.21%

Frequently Asked Questions

XOP and XLEI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XOP and XLEI have the same expense ratio: 0.35% per year.

XLEI has the higher dividend yield at 19.26%, compared with 1.97% for XOP.

XOP tracks S&P Oil & Gas Exploration & Production Select Industry, while XLEI tracks S&P Energy Select Sector.

Portfolio Optimizer

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