ZAP vs. XLUI

Last updated Jun 4, 2026

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

Performance

ZAP vs. XLUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Electrification ETF (ZAP) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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

ZAP

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

XLUI

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

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

ZAP vs. XLUI - Yearly Performance Comparison

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

Correlation

The correlation between ZAP and XLUI 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

ZAP vs. XLUI — 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.

ZAP vs. XLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Electrification ETF (ZAP) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). 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.

	ZAP	XLUI	Difference
Sharpe ratio Return per unit of total volatility	1.92	—	—
Sortino ratio Return per unit of downside risk	2.62	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	4.01	—	—
Martin ratio Return relative to average drawdown	10.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

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

Drawdowns

ZAP vs. XLUI - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	ZAP	XLUI	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	15.13%	11.12%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	11.12%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	11.12%	+5.79%

ZAP vs. XLUI - Expense Ratio Comparison

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

Dividends

ZAP vs. XLUI - Dividend Comparison

ZAP's dividend yield for the trailing twelve months is around 1.55%, less than XLUI's 12.81% 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 ZAP and XLUI in my portfolio?

ZAP and XLUI 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, ZAP or XLUI?

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, ZAP or XLUI?

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

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

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

What is the main difference between ZAP and XLUI?

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