XLE — State Street Energy Select Sector SPDR ETF

XLE Price Performance — Growth of $10,000

Value of a $10,000 investment in XLE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLE Drawdown

The "underwater" chart: XLE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Energy Select Sector SPDR ETF is an energy-focused fund issued by State Street Investment Management with $39.1 billion in assets. It holds a B+ grade and ranks first among 10 similar funds, placing it in the top 6% of all 458 tracked ETFs. The fund’s 0.08% expense ratio is significantly lower than the category median of 0.36%, while its 2.40% dividend yield slightly exceeds the peer average of 2.28%. Concentration is notable, with the top 10 holdings accounting for 75.5% of assets and Exxon Mobil Corp representing the largest single position at 22.7%.

The fund has delivered strong long-term gains, with a 3-year return of 58.91% and a 1-year return of 45.87% that outpaces the category median of 44.11%. Short-term momentum shows divergence, as the 1-month return of -1.60% contrasts with a 3-month surge of 16.27% and a year-to-date increase of 41.55%. The current price of $63.36 sits at 88.2% of its 52-week range, indicating it is near the upper end of recent trading levels. The B+ rating has remained unchanged over the last 35 tracked days, though price history is available for only 3.0 years.

With a beta of -0.03, the fund has exhibited minimal correlation to overall market movements during the recorded period. Annualized volatility of 21.88% is classified as moderate, while a maximum drawdown of -20.14% highlights the extent of recent peak-to-trough declines. A Sharpe ratio of 1.87 suggests that returns have been favorable relative to the risk taken. High liquidity is evident from an average daily volume of 29,855,890 shares, facilitating easy entry and exit.

AI-generated summary based on the data on this page.

XLE Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLE's top 10 — VDE overlaps most, holding 9 of the same companies as XLE's top 10 (71.8% of XLE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 29.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $39.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLE Performance History

How XLE Compares to Other Energy ETFs