EPD vs XLE: Correlation
Enterprise Products Partners L.P. (EPD) and Energy Select Sector SPDR Fund (XLE) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and XLE?
Over the past 3 years, EPD and XLE moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 268.1 %².
By 3-year correlation, XLE places #5 of the 12 assets tracked against EPD. Over the last 12 months XLE came out ahead by 12.5 percentage points (+31.5% against +44.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EPD vs XLE: side by side
| EPD (Enterprise Products Partners L.P.) | XLE (Energy Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +31.5% | +44.0% |
| 5-year return | +150.0% | +206.7% |
| Volatility (ann.) | 16.4% | 23.1% |
| Beta vs S&P 500 | 0.15 | 0.27 |
| Max drawdown (3Y) | -15.4% | -20.1% |
| Market cap | $84.3B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 5.63% | 2.55% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $39.2B |
| Sector / category | US Listed | Sector ETF |
XLE is an Equity Energy fund from State Street Investment Management: $39.2B under management, 22 holdings, a 0.08% expense ratio, a 2.55% trailing dividend yield.
Year-by-year returns
| Year | EPD | XLE |
|---|---|---|
| 2022 | +18.3% | +64.3% |
| 2023 | +17.7% | -0.6% |
| 2024 | +28.0% | +5.6% |
| 2025 | +9.5% | +7.9% |
| 2026 | +27.5% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and XLE good diversifiers for each other?
Only partially. A correlation of 0.71 means EPD and XLE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EPD and XLE?
As of 2026-08-27, the correlation of weekly returns between EPD and XLE is 0.71 over 3 years, 0.67 over 1 year and 0.75 over 5 years.
Is XLE a good diversifier for EPD?
Only partially. A correlation of 0.71 means EPD and XLE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epd-vs-xle.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/epd-vs-xle/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPD correlations · XLE correlations
