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XSEN.L vs. XLEP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSEN.L vs. XLEP.L

Last updated Jun 4, 2026

XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) and XLEP.L (Invesco US Energy Sector UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Xtrackers and Invesco respectively. Both are passively managed. Over the past 5 years, XSEN.L returned 21.45%/yr vs 21.35%/yr for XLEP.L. With a 0.99 correlation, they move nearly in lockstep. XSEN.L charges 0.12%/yr vs 0.14%/yr for XLEP.L.

Performance

XSEN.L vs. XLEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) and Invesco US Energy Sector UCITS ETF (XLEP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with XSEN.L having a 30.47% return and XLEP.L slightly higher at 31.69%.

XSEN.L

1D
2.58%
1M
1.11%
YTD
30.47%
6M
29.01%
1Y
43.63%
3Y*
14.40%
5Y*
21.45%
10Y*
—

XLEP.L

1D
2.49%
1M
1.47%
YTD
31.69%
6M
29.43%
1Y
44.82%
3Y*
14.32%
5Y*
21.35%
10Y*
10.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSEN.L vs. XLEP.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XSEN.L
Xtrackers MSCI USA Energy UCITS ETF 1D		30.47%1.87%6.67%-5.89%82.86%50.90%-35.95%5.01%-12.11%
XLEP.L
Invesco US Energy Sector UCITS ETF		31.69%1.41%4.85%-5.07%81.43%53.83%-35.01%5.84%-12.80%

Correlation

The correlation between XSEN.L and XLEP.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Apr 24, 2018

0.99

The correlation between XSEN.L and XLEP.L has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

XSEN.L vs. XLEP.L - Sectors Allocation Comparison

Sectors
XSEN.L
XLEP.L

Energy

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

XSEN.L
100.0%
XLEP.L
100.0%

Basic Materials

XSEN.L

-

XLEP.L

-

Communication Services

XSEN.L

-

XLEP.L

-

Consumer Cyclical

XSEN.L

-

XLEP.L

-

Consumer Defensive

XSEN.L

-

XLEP.L

-

Financial Services

XSEN.L

-

XLEP.L

-

Healthcare

XSEN.L

-

XLEP.L

-

Industrials

XSEN.L

-

XLEP.L

-

Real Estate

XSEN.L

-

XLEP.L

-

Technology

XSEN.L

-

XLEP.L

-

Utilities

XSEN.L

-

XLEP.L

-

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Xtrackers MSCI USA Energy UCITS ETF 1D

Invesco US Energy Sector UCITS ETF

Often compared with XSEN.L:
XSEN.L vs. GXLE.LXSEN.L vs. EYED.LXSEN.L vs. CWEU.LXSEN.L vs. NCLP.LXSEN.L vs. RNRU.LXSEN.L vs. EXUS.LXSEN.L vs. ESIE.L
Often compared with XLEP.L:
XLEP.L vs. XLEXLEP.L vs. TLTXLEP.L vs. WENS.LXLEP.L vs. SPMOXLEP.L vs. XLES.LXLEP.L vs. VUAA.LXLEP.L vs. VDE

Return for Risk

XSEN.L vs. XLEP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSEN.L
XSEN.L Risk / Return Rank: 5151
Overall Rank
XSEN.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSEN.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
XSEN.L Omega Ratio Rank: 5252
Omega Ratio Rank
XSEN.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
XSEN.L Martin Ratio Rank: 5050
Martin Ratio Rank
XLEP.L
XLEP.L Risk / Return Rank: 5353
Overall Rank
XLEP.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
XLEP.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
XLEP.L Omega Ratio Rank: 5353
Omega Ratio Rank
XLEP.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
XLEP.L Martin Ratio Rank: 5252
Martin Ratio Rank
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.

XSEN.L vs. XLEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) and Invesco US Energy Sector UCITS ETF (XLEP.L). 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.

XSEN.LXLEP.LDifference
Sharpe ratioReturn per unit of total volatility
1.83
1.90

-0.08

Sortino ratioReturn per unit of downside risk
2.28
2.37

-0.09

Omega ratioGain probability vs. loss probability

1.32

1.33

-0.01

Calmar ratioReturn relative to maximum drawdown

2.62

2.76

-0.13

Martin ratioReturn relative to average drawdown

8.24

8.81

-0.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSEN.L vs. XLEP.L - Sharpe Ratio Comparison

The current XSEN.L Sharpe Ratio is 1.83, which is comparable to the XLEP.L Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of XSEN.L and XLEP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XSEN.LXLEP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

1.90

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.81

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.37

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.25

+0.10

Drawdowns

XSEN.L vs. XLEP.L - Drawdown Comparison

The maximum XSEN.L drawdown since its inception was -62.46%, roughly equal to the maximum XLEP.L drawdown of -63.35%. Use the drawdown chart below to compare losses from any high point for XSEN.L and XLEP.L.

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Drawdown Indicators

XSEN.LXLEP.LDifference

Max Drawdown

Largest peak-to-trough decline

-62.46%

-63.35%

+0.89%

Max Drawdown (1Y)

Largest decline over 1 year

-16.55%

-16.17%

-0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-23.22%

-24.06%

+0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-24.04%

-24.16%

+0.12%

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.35%

—

Current Drawdown

Current decline from peak

-9.02%

-7.88%

-1.14%

Average Drawdown

Average peak-to-trough decline

-17.79%

-16.97%

-0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.28%

5.07%

+0.21%

Volatility

XSEN.L vs. XLEP.L - Volatility Comparison

Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) and Invesco US Energy Sector UCITS ETF (XLEP.L) have volatilities of 9.14% and 9.02%, 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

XSEN.LXLEP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.14%

9.02%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

20.50%

19.87%

+0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

23.87%

23.54%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.01%

26.28%

-0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.44%

28.15%

+1.29%

XSEN.L vs. XLEP.L - Expense Ratio Comparison

XSEN.L has a 0.12% expense ratio, which is lower than XLEP.L's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XSEN.L vs. XLEP.L - Dividend Comparison

XSEN.L's dividend yield for the trailing twelve months is around 2.07%, while XLEP.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
XLEP.L
Invesco US Energy Sector UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSEN.L
Xtrackers MSCI USA Energy UCITS ETF 1D		2.07%2.70%2.70%3.24%3.69%3.27%7.11%2.78%

Frequently Asked Questions

With a correlation of 0.99, XSEN.L and XLEP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.14% for XLEP.L.

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XSEN.L and 0.14% for XLEP.L.

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