XLE — State Street Energy Select Sector SPDR ETF
Energy Ranked #36 of 120 tracked ETFs · Issued by State Street Investment Management
Overview
The State Street Energy Select Sector SPDR ETF (XLE) is an Energy sector fund managed by State Street Investment Management. With assets under management totaling $35.7 billion and a current price of $55.60, the fund demonstrates significant investor adoption within its niche. It holds an overall rank of #36 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.9. The fund offers a low cost structure with an expense ratio of 0.08% while providing an income profile reflected by a dividend yield of 3.95%. This combination of substantial assets, competitive pricing, and yield supports its position as a major vehicle for energy exposure.
Short-term performance shows mixed results with a one-day gain of 1.76% and a one-week increase of 4.69%, followed by a one-month decline of 2.89%. Over the longer horizon, the fund has experienced a three-month drop of 6.91% before accelerating significantly to a six-month return of 20.21%. Year-to-date performance stands at 23.48%, while the one-year return has reached 33.04%. The three-year return further extends this positive trajectory to 46.33%, indicating a strong recovery and growth trend over the multi-year period. This pattern suggests a divergence where recent short-term volatility contrasts with robust long-term appreciation.
The fund carries a Moderate volatility label and exhibits a beta of -0.02, indicating price movements that are largely uncorrelated with the broader market direction. A Sharpe ratio of 1.34 suggests that the returns generated have been efficient relative to the risk taken during the measured period. However, the maximum drawdown of -20.14% highlights the potential for significant temporary losses during market downturns. This combination of a negative beta and moderate volatility implies the fund may behave differently than the general market, yet the substantial drawdown confirms exposure to sharp declines. Investors should consider how these metrics interact when assessing the fund's behavior in varying market conditions.
AI-generated summary based on the data on this page.
XLE Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Exxon Mobil Corp | 23.77% | $10.4B |
| 2 | Chevron Corp | 17.32% | $7.55B |
| 3 | ConocoPhillips | 7.22% | $3.15B |
| 4 | EOG Resources Inc | 4.15% | $1.81B |
| 5 | SLB Ltd | 4.07% | $1.77B |
| 6 | Williams Cos Inc/The | 4.06% | $1.77B |
| 7 | Valero Energy Corp | 3.99% | $1.74B |
| 8 | Phillips 66 | 3.89% | $1.69B |
| 9 | Marathon Petroleum Corp | 3.81% | $1.66B |
| 10 | Kinder Morgan Inc | 3.48% | $1.52B |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing.
Market Backdrop
10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
XLE Performance History
| Period | Return |
|---|---|
| 1-Day | +1.76% |
| 1-Week | +4.69% |
| 1-Month | -2.89% |
| 3-Month | -6.91% |
| 6-Month | +20.21% |
| YTD | +23.48% |
| 1-Year | +33.04% |
| 3-Year | +46.33% |
How XLE Compares to Other Energy ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #36 | B |
XLE | State Street Energy Select Sector SPDR ETF | +33.04% | 0.08% | $35.7B |
| #41 | B |
VDE | Vanguard Energy Index Fund ETF Shares | +33.52% | 0.09% | $11.1B |