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XLE correlations (Energy Select Sector SPDR Fund)

Every correlation that matters for XLE: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · Sector

Volatility (ann.)
23.1%
3y weekly
Beta vs S&P 500
0.27
3y weekly
1-year return
+44.0%
price, adjusted
5-year return
+206.7%
price, adjusted
Expense ratio
0.08%
annual
Assets
$39.2B
under management
Dividend yield
2.55%
trailing
Max drawdown
-20.1%
3y, daily closes
-2%0%+50%2025-09-052026-08-27
XLE over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with XLE

AssetCorrelation (3Y)
PEOAdams Natural Resources Fund, Inc.0.95
XOMExxonMobil0.92
COPConocoPhillips0.89
EOGEOG Resources0.88
CVXChevron Corporation0.88
OVVOvintiv Inc. (DE)0.87
DVNDevon Energy0.87
MGYMagnolia Oil & Gas Corporation0.86
BGRBlackRock Energy and Resources Trust0.86
CHRDChord Energy Corporation0.84
PRPermian Resources Corporation0.84
OXYOccidental Petroleum0.84
FANGDiamondback Energy0.83
MTDRMatador Resources Company0.83
APAAPA Corporation0.83

Best diversifiers for XLE

These are the assets whose returns had the least to do with XLE's, historically the most independent picks in our universe.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.28
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.27
SHYiShares 1-3 Year Treasury Bond ETF-0.24
IEFiShares 7-10 Year Treasury Bond ETF-0.21
BLNEBeeline Holdings, Inc.-0.21
UZXLinkage Global Inc - Class A-0.21
IDRIdaho Strategic Resources, Inc.-0.20
SMTKSmartKem, Inc.-0.19
NYAXNayax Ltd.-0.19
TLTiShares 20+ Year Treasury Bond ETF-0.19

XLE vs benchmarks

XLE vs SPY 0.17 XLE vs QQQ 0.03

XLE vs its peers

XLE vs XLF 0.34 XLE vs XLB 0.30 XLE vs XLI 0.30 XLE vs XLU 0.28 XLE vs XLRE 0.27

Get XLE data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/xle.json

Correlations, diversifiers, beta and volatility for XLE, plus one endpoint per pair. API documentation.

XLE holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
XLE vs SCHDSchwab US Dividend Equity ETF14.7%0.59
XLE vs MTUMiShares MSCI USA Momentum Factor ETF11.8%0.10
XLE vs VYMVanguard High Dividend Yield ETF8.7%0.47
XLE vs VTVVanguard Value ETF7.5%0.45
XLE vs SPYVSPDR Portfolio S&P 500 Value ETF7.4%0.39
XLE vs DGROiShares Core Dividend Growth ETF5.0%0.40
XLE vs RSPInvesco S&P 500 Equal Weight ETF4.2%0.35
XLE vs IVViShares Core S&P 500 ETF3.4%0.17
XLE vs SPYSPDR S&P 500 ETF Trust3.4%0.17
XLE vs VOOVanguard S&P 500 ETF3.4%0.17
XLE vs QUALiShares MSCI USA Quality Factor ETF3.3%0.16
XLE vs VIGVanguard Dividend Appreciation ETF3.3%0.27
XLE vs VTIVanguard Total Stock Market ETF3.0%0.19
XLE vs USMViShares MSCI USA Min Vol Factor ETF2.6%0.27
XLE vs ACWIiShares MSCI ACWI ETF2.2%0.16
XLE vs DIASPDR Dow Jones Industrial Average ETF2.2%0.22
XLE vs VTVanguard Total World Stock ETF2.0%0.17
XLE vs QQQInvesco QQQ Trust0.5%0.03
XLE vs QQQMInvesco Nasdaq 100 ETF0.5%0.04
XLE vs VUGVanguard Growth ETF0.3%0.02
XLE vs EEMiShares MSCI Emerging Markets ETF0.1%0.03
XLE vs EFAiShares MSCI EAFE ETF0.1%0.13
XLE vs IEFAiShares Core MSCI EAFE ETF0.1%0.12
XLE vs IEMGiShares Core MSCI Emerging Markets ETF0.1%0.02
XLE vs VEAVanguard FTSE Developed Markets ETF0.1%0.12
XLE vs VWOVanguard FTSE Emerging Markets ETF0.1%0.05
XLE vs EWJiShares MSCI Japan ETF0%0.12
XLE vs FXIiShares China Large-Cap ETF0%0.18
XLE vs IBBiShares Biotechnology ETF0%0.08
XLE vs ICLNiShares Global Clean Energy ETF0%0.05
XLE vs IWMiShares Russell 2000 ETF0%0.28
XLE vs MDYSPDR S&P MidCap 400 ETF0%0.33
XLE vs SOXXiShares Semiconductor ETF0%0.08
XLE vs SPYGSPDR Portfolio S&P 500 Growth ETF0%0.03
XLE vs VNQVanguard Real Estate ETF0%0.27
XLE vs XLBMaterials Select Sector SPDR Fund0%0.30
XLE vs XLCCommunication Services Select Sector SPDR Fund0%0.12
XLE vs XLFFinancial Select Sector SPDR Fund0%0.34
XLE vs XLIIndustrial Select Sector SPDR Fund0%0.30
XLE vs XLKTechnology Select Sector SPDR Fund0%0.01
XLE vs XLPConsumer Staples Select Sector SPDR Fund0%0.20
XLE vs XLREReal Estate Select Sector SPDR Fund0%0.27
XLE vs XLUUtilities Select Sector SPDR Fund0%0.28
XLE vs XLVHealth Care Select Sector SPDR Fund0%0.18
XLE vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.03